Article: Open banking must incorporate financial inclusion

Money, Open Governance

Open banking must incorporate financial inclusion

Reaching the unbanked has become more important than ever, as methods of payment are shifting. In the past, it wasn’t uncommon for people to get paid in cash for their work. But as companies and employers shift to digitized payments, such as direct deposit and ACH transfers, employees who previously got paid in cash need to find other ways to receive their payments.

More than 7 million Americans fall into the “unbanked” category, meaning they don’t have a checking or savings account at a bank or credit union, according to the Federal Deposit Insurance Corp.

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Article: Meet Bob – the AI-powered ‘job coach’ which has helped 250,000 people

Code, Open Software, Open Source

Meet Bob – the AI-powered ‘job coach’ which has helped 250,000 people

Bob, an open-source technology offering advice to workers and jobseekers, has won a prestigious prize and funding. The AI-powered ‘job coach’, developed by non-profit Bayes Impact and tested with community organization ACH, provides tailored, practical and motivating advice. 

Acting as an impartial job counsellor, Bob helps users understand how their skills and job application techniques fit with those required by employers, giving them clear steps to secure relevant roles. 

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