As financial institutions face increased digital security risks, Black-owned banks are fighting back
Minority-owned depository institutions, or MDIs, are taking a hard-line approach to their digital security.
Source: thegrio.com
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Inside South Florida's Only Black-Owned Bank
Building generational wealth has always been a hard feat for the average Black person due to the wealth gap. The difference between Black and white income in America, according to Pew Research Center, was 61% of the median Black household income to the white household in 2018. These statistics, along with countless other disparities, are pushing more Black Americans to bank Black. "The civil unrest following the killing of George Floyd was a catalyst toward banking Black," said nationally known financial expert Lynette Khalfani-Cox. This is happening despite what Cox refers to as economic ...
Source: nbcmiami.com