Guided by the belief that every life has equal value, the Bill & Melinda Gates Foundation works to help all people lead healthy, productive lives. It focuses on improving people’s health and giving them the chance to lift themselves out of hunger and extreme poverty. AIR has a four-year, multimillion-dollar grant from the foundation to advance technology tools and policy guidance in emerging markets that protect consumers of digital financial services from harm.
AIR was selected by the State Department’s Bureau of International Narcotics and Law Enforcement Affairs (INL) to identify new technologies that thwart illegal transactions tied to global corruption. The Anti-Corruption Solutions through Emerging Technologies (ASET) program is designed to support the White House Summit for Democracy, including through TechSprints and other initiatives to develop potential digital tools.
The National Bankers Association (NBA) is the nation’s preeminent voice representing minority-owned and -operated banks. Its foundation (NBAF) advances the mission of Minority Depository Institutions (MDIs) and supports programs aimed at closing the racial wealth gap. Together with AIR and the NBA, the NBAF has provided key support for an ambitious program to help MDIs develop digital modernization strategies.
Visa’s multinational diversity and corporate responsibility activities include support for MDIs. Its MDI Accelerate program directed $100 million of deposits to MDIs as of February 2023. The company is the inaugural funder of MDI ConnectTech, an AIR initiative to help minority-backed institutions strengthen their digital capabilities.
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