American Bankers Association’s Post

There’s a key difference between history and heritage. History refers to things that have already happened. Heritage, on the other hand, is alive. Heritage is the inspiration we take from the past to shape our future. Our story starts with a dream, it has heroes who defy the odds, who sacrifice so much for a vision that is greater than them. Their audacity inspires others to dream of a better life, to work towards a more equal society. Then challenges appear, challenges so great our heroes are nearly defeated. But ours is a dream that has refused to die. In the end, there is growth, expansion, and hope. 💙 💚 The audacity to believe that so empowered the founders of Africanbank speaks both to our rich heritage and the aspirations of our customers. It says that, no matter what it is you would like to achieve, here is a financial partner who has travelled your journey, who understands that the road to success will test you, who believes that your dreams are possible and has curated its products and services to help you get there. We are here to back you. We know the distance between where you are, and where you want to be! Be bold! #AfricanbankBacksYou #Africanbank #AudacityToBelieve #49YearsOfAudacity #AfricanbankTurns49

The Foundation plays an essential and critical role in educating people and developing international credit union movements, providing safe and ethical financial solutions for communities. Strategic Planning training was run last week in Sierra Leone at Munafa Cooperative Credit Union. Ongoing education is one of the credit union principles. By working together to strengthen the credit union movement, we are one step closer to achieving financial inclusion for all. #creditunions #financialinclusion

Happy Mandela Day! 🇿🇦 #MandelaDay In the spirit of Madiba's legacy of empowerment, let's talk about financial literacy today. But first, a question: Do you know your credit score? It's a number many people are familiar with, but what if I told you your financial knowledge is even more important? This week, Finance Fundi has been highlighting the importance of financial literacy. Your credit score is a reflection of your past borrowing habits, but it doesn't tell the whole story. True financial literacy empowers you to understand your complete financial picture. Stay tuned for the last post this week as we highlighted Debt! #FinancialLiteracy #CreditScore #FinancialEmpowerment #SouthAfrica #FinanceFundi #MandelaWeek

Looking forward to emceeing this important session tomorrow for #ArabFinancialInclusionDay!

Jesu a motso is a powerful financial accountability tool available to qualifying Community Asset Managers in Sub-Saharan Africa. The card empowers Generation Alpha heirs to declare United Nations SDG 1 of 17 #NoPoverty2030 #MissionPossible What's in YOUR The World Bank reparations trust?

There is just a week to go now until ODI Day at the Spring Meetings! 🗓️ Join us on 17 April for a series of events that will examine some of today's most pressing challenges in development finance. As the world continues to grapple with the impacts of the poly-crisis, it's clear that multilateral development banks (MDBs) need to urgently step up to better support countries most in need. Our North America Executive Director Andrew Herscowitz explains what you can expect from ODI Day, which will feature a range of leading thinkers giving their take on some critical questions facing MDBs, including: 🔴 How can MDBs can best make use of callable capital to underpin more development lending? 🔴 How can MDBs and DFIs better serve underserved borrowers? 🔴 What role can MDBs play in enabling climate-focused 'country platforms' to achieve their potential? Visit our website for information about these events and more, including our line-up of speakers and details about how you can join us either in Washington, D.C. or online: https://lnkd.in/eH6-Hx-3 #SpringMeetings #MDBs #ReformMDBs #DFIs #CallableCapital #DevelopmentFinance

Open Letter to His Majesty King Charles III Buckingham Palace, London SW1A 1AA, United Kingdom Re: The Removal of Discriminatory Banking Practices Against British Colonies and Former Colonies Your Majesty, As the head of the Commonwealth and sovereign over many British colonies and former colonies, I write this open letter to bring urgent attention to a longstanding injustice: the discriminatory banking practices upheld by the United Kingdom against British colonies and former colonies. In the year 2024, it is inconceivable that British financial institutions continue to perpetuate racial biases rooted in colonialism, denying equal access to banking services for millions of individuals from these nations. The echoes of colonial exploitation reverberate through this unfair treatment, whereby the very countries that contributed to the UK's wealth during the colonial era are now being blocked from full participation in the UK’s financial systems. Despite adhering to international regulations, these nations face exclusionary policies and practices from UK-based banks, which profile them unfairly. This systemic discrimination amounts to institutionalized racism—a continuation of the colonial structures that once served to oppress and exploit. The UK’s refusal to grant fair access to its banking system does not only infringe upon the rights of these nations but perpetuates a cycle of economic dependency. The UK's Privy Council, still the final court of appeal for many of these countries, bears a responsibility to act against these discriminatory practices. Failure to do so suggests complicity in maintaining financial and racial hierarchies, the vestiges of the colonial era. The exclusion of British colonies and former colonies from equitable access to UK banking services cannot be tolerated. The colonial system enriched the United Kingdom at the expense of these nations, and now, the same financial structures seek to deny them participation in the modern global economy. I call upon Your Majesty to urge the UK government to take immediate and decisive action to remove these institutional barriers. The principles of justice, fairness, and equality must be restored, and the United Kingdom must right the wrongs of the past by ensuring that its financial systems no longer reflect the inequalities of colonialism and slavery. Your leadership on this issue would not only serve to redress a historical wrong but also demonstrate the UK's commitment to global justice and fairness in the modern age. #Africa #Banks #Brexit #Europe #Fintech #Banking #Caricom #England #Keirstarmer #FintechBanks #UnitedNations #Ukgoverment #UnitedKingdom #Thelabourparty #theconservativeparty #Departmentforbusinessandtrade

Exciting times ahead! 🌟 Had a productive meeting with CLICO Credit Union, UNCDF, embarking on a mission for financial inclusion in the Caribbean. Our goal? To digitally transform and personalize finance for better access and fairness. Looking forward to making a real impact together. #FinancialInclusion #DigitalTransformation #CaribbeanFinance

Financial education has always been important, and ALFI has been advocating for it for at least ten years. 🎧 Listen to Mica Mercier, ALFI's Senior Communications Manager, for an update on today's #investoreducation. ↘ https://lnkd.in/eN8zzh_Z Read the ALFI Annual Report 2023-2024 for more updates on the fund industry. 🔍 https://lnkd.in/euqtZqqM #ALFIAnnualReport2024 #FundIndustryNews #financialeducation

When I was a kid, talking about money with adults was taboo. It was something we just didn’t discuss. So, I had to learn by observing my parents, watching my friends, and through my own trial and error. My first paychecks were spent entirely on travel, going out, and clothes. I didn’t start saving until I was in my 30s, and today, I wish I had begun earlier. A bit of financial education in school could have filled in the gaps left by my upbringing and might have saved me years of financial trial and error. Personal finance isn’t something you master in a weekend seminar or a single course. It’s about developing habits, building discipline, and, importantly, starting early. Just like learning a new skill, managing money effectively requires practice, it’s an ability honed over years. I can’t help but imagine how impactful it would be if basic finance were taught in schools across Europe, giving kids a safe space to experiment with money and develop smart financial habits from an early age. #PersonalFinance #FinancialEducation #FinancialLiteracy https://lnkd.in/e8m_N2Yx