The American Fintech Council (AFC) has announced a strategic partnership with the Center for Accelerating Financial Equity (CAFE). This collaboration was unveiled as part of Financial Literacy Month. CAFE is based at the Fintech Innovation Hub by Delaware Tech Park on the University of Delaware campus. It focuses on advancing financial health and wellness for low- to moderate-income and underserved populations through fintech innovation.
Phil Goldfeder, CEO of AFC, expressed enthusiasm about the partnership, stating, “We are excited to welcome CAFE as our latest strategic partner.” He highlighted CAFE's role in building a network that includes financial institutions, academics, data scientists, and startups aimed at modernizing the financial system.
CAFE operates a flagship Fintech Accelerator Program designed to support businesses creating disruptive technologies while focusing on financial equity. The program connects financial institutions and investors with fintech solutions to reach new customers and communities.
Kristen Castell, Managing Director of CAFE, shared her thoughts on the partnership: “AFC’s mission and values are closely aligned with CAFE and we are thrilled to partner with such a changemaking industry association to create a more inclusive financial system.”
Recently, AFC engaged with companies selected for the CAFE Fintech Accelerator Program in Delaware. These companies will participate in a 10-week hybrid-virtual program offering growth-oriented curriculum and connections with stakeholders in financial equity.
AFC advocates for innovative products that promote competition, consumer protection, inclusion, and equity within a transparent regulatory framework. The council emphasizes robust industry standards focused on consumer protection and regulatory compliance.
For more information about AFC's mission to promote an innovative financial system, visit www.fintechcouncil.org.