For a long time, many Americans felt that financial resources were available to all. In the United States, the banking market has restricted access to many communities. This can be seen in the lower number of new bank accounts opened by marginalized individuals due to a lack of cash flow. According to new household numbers, 25% do not have active banking statements and are looking for other ways to supplement their income. Financial pioneers like James Gutierrez have taken advantage of the opportunity.
James Gutierrez is a venture capitalist entrepreneur and innovator, and philanthropist committed to changing the less financially advantaged persons’ lives. Between 2005 and 2012, he was the CEO of Oportun, where he helped at least half a million Hispanics obtain loans.
During the Pandemic, James Gutierrez has pioneered in advocating for the Minority Depository Institutions and the Community Development Finance Institutions as the economy has declined. These forums’ primary aim has availed financial services to those lacking access to banking and loan opportunities. The CDFIs and MDIs have become leaders in the lending front, making people’s lives easy in the pandemic period.
Under the CDFIs and MDIs, James Gutierrez has innovated a mobile platform that brings insurance and banking services to the community less informed in financial matters. The goals of the mobile forum are to build financial security, increasing purchase power and reasonable credit. These two programs’ vision has focused on providing finance lessons on what they are, their importance, and why it is necessary.
James Gutierrez’s FinTech firm has provider solutions in the financial industry ranging from affordable loans, supporting business banking with them, lowering rates to its clients. He has played a significant role in decentralizing finance institutions and pooling money back to people’s pockets. The firm has reduced rates, provisioning various loan accessibility to its client. James has pointed out how to finance loans. To know more click: here.