Fintech
The American Fintech Council (AFC) partners with the Association of Military Banks of America (AMBA) to expand the financial well-being of the military and veteran communities
The American Fintech Council (AFC)the leading industry association representing responsible fintech companies and innovative banks, has announced a new strategic partnership with Military Bankers Association of America (AMBA)the only trade association representing banking institutions specializing in the provision of banking services to military personnel and their families worldwide.
Both organizations will work together to support their members and promote responsible innovation in financial services to best serve military and veteran families.
“It is fitting that on Independence Day, a celebration of our nation’s freedom and the men and women who have defended it and will continue to defend it, AMBA and AFC are announcing a partnership that promises to improve the financial lives of America’s military, veterans and their families,” said Steven Lepper, President and CEO of the Military Bankers Association of America and a retired Major General in the United States Air Force“Regardless of where they live or are deployed or stationed, our military and veterans are increasingly relying on financial technology to manage their unique financial needs and challenges. The strategic partnership we are announcing today will enhance our collective ability to help our members better serve these deserving and often underserved communities.”
AMBA is a nonprofit association, founded in 1959, composed of banks operating on military installations of all five branches of service (Army, Air Force, Space Force, Navy, and Marine Corps) and banks not located on military installations but serving military customers. The association’s members include both community banks and large multinational financial institutions, all insured by the Federal Deposit Insurance Corporation.
“America’s heroes who serve or have served in the military deserve every opportunity for economic prosperity and well-being, and it is an immense honor to partner with AMBA to further enhance the financial institutions that are already reaching our bravest families,” said Phil Goldfeder, chief executive officer of the American Fintech Council. “As a trade association founded on responsible innovation, AFC is uniquely positioned to support AMBA’s work and help our united members serve military families who have sacrificed on behalf of America’s families.”
Working together will create countless opportunities for members of both organizations to collaborate and provide innovative financial education offerings, introduce the latest safe and accessible fintech products, and work to advance programs and products that create financial options and pathways out of debt for military families.
Additionally, both organizations will collaborate to collectively educate their members through podcasts, webinars, and by supporting each other’s events, including the AMBA Fall Workshop in August and the AFC Policy Summit in November.
A standards-based organization, AFC is the leading trade association representing the world’s largest financial technology (FinTech) companies and innovative BaaS banks. Our mission is to foster a transparent, inclusive, and customer-centric financial system by supporting responsible innovation in financial services and encouraging sound public policy. AFC members promote competition in consumer finance and pioneer products to better serve underserved consumer segments and geographies.