The news: Money transfer company DolFinTech has partnered with Green Dot to introduce direct deposit accounts through Green Dot’s embedded finance platform, Arc, per Stock Titan.
The partnership will expand access to seamless banking services for Latino and underserved communities across the US.
The strategy: Arc will offer FDIC-insured banking products through Green Dot Bank, but won’t require a traditional banking relationship—reducing some barriers for underserved consumers. It will also offer: