“In the U.S. we don’t really have an access-to-banking problem,” says Jennifer Tescher, president of the Center for Financial Services Innovation, a nonprofit that aims to help the industry better serve low- and moderate-income consumers. After all, 93% of U.S. households have bank accounts, according to the latest Federal Deposit Insurance Corp. data. “The bigger issue is: Can we use technology to help people better manage their financial lives?”

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