alternative financial services


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PDF Alternative Financial Services CCEDA

Alternative financial services (AFS) refers to products and services that provide basic financial transactions utilized by low‐income individuals and 

PDF Analysis of Alternative Financial Service Providers

Many of these consumers often rely on alternative financial service providers—check-cashing outlets payday lenders pawnshops rent-to-own stores and auto 

  • What is an alternative finance company?

    Alternative finance differs to traditional banking or capital market finance through technology-enabled 'disintermediation', which means utilising third party capital by connecting fundraisers directly with funders, in turn, reducing transactional costs and improve market efficiency.

  • What is alternative financial system?

    Alternative financial intermediation systems are defined as non-market (stock or bond) and non-modern banking sources, including external financial channels that make it possible for an individual or a small enterprise to access credit that would not otherwise be available to them through modern banking systems.

  • Types of alternative finance include crowdfunding, pension funding, business cash advance, angel investment, and much more.

  • What is the meaning of alternative banking?

    Apart from traditional banking institutions, alternative banking also includes: Online-only banks.
    Prepaid debit card providers.
    Borderless bank accounts.
    Fintech Banking (Financial Technology)

  • Alternative financial services (AFS) is a term often used to describe the array of financial services offered by providers that operate outside of federally insured banks and thrifts (hereafter referred to as “banks”).
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