A new report from the Center for Financial Services Innovation and Core Innovation Capital asserts that consumers with minimal relationship with financial institutions nonetheless generated roughly $45 billion in fee and interest income in 2010.
The organizations also estimated the total underserved market in the U.S. was worth $455 billion in 2010.
CFSI is the leading financial service think tank specializing in issues around the unbanked and underbanked populations. CIC said it is the only venture capital fund that invests exclusively in technology companies that serve unbanked and underbanked consumers.
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