Underbanked

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Underbanked

When an originating investment banker cannot find enough firms to underwrite a new issue.

Underbanked

Describing a situation when an issuer or syndicate manager has difficulty finding enough underwriters to place a new issue with investors.

underbanked

Of, relating to, or being a new security issue for which the managing underwriter has difficulty obtaining commitments from other underwriters.
References in periodicals archive ?
This has led the unbanked and under-banked consumers to emerge as a promising segment for banks.
The 2012 Finscope survey revealed that the under-banked population in the country has decreased from 50 to 30 percent and according to Jooste, this is due to the introduction of the Smart card.
Earlier this year, Etisalat Group was honoured with an unprecedented three GSMA Global Mobile Awards at the Mobile World Congress in Barcelona The Group won two GSMA awards in the 'Best Mobile Health Innovation' and 'mWomen Best Mobile Product' categories for its mobile health innovation Etisalat Mobile Baby that is reducing maternal mortality in developing countries, while the Etisalat Commerce platform was awarded the 'Best Mobile Money Innovation' for making financial services accessible to millions of people, especially the un-banked and under-banked, across the Middle East, Africa and Asia.
is a leading international diversified financial services company serving primarily unbanked and under-banked consumers and small business owners who, for reasons of convenience and accessibility, purchase some or all of their financial services from the Company rather than from banks and other financial institutions.
The firms said that the product was designed to enable under-banked and unbanked individuals achieve their financial goals while operating a regular bank account via their mobile phones.
Axiologix is positioning itself to address the growing demand for digital payment systems among the unbanked and under-banked communities in the US and internationally.
The geographical spread of branches aligns with the bank's national focus on extending reach in under-banked and un-banked locations".
NBAD is the first bank to provide free of charge life insurance coverage to low income, under-banked consumers.
a leading global specialised credit reporting agency and provider of consumer risk management, identity verification, and banking verification services for alternative financial services providers serving the under-banked consumer market, today announced that MEM has contracted to use LendProtect UK Ltd's specialised credit reporting solution.
Ganesh Narayanan, president of Yes Bank's Indian Financial Institutions division, said that the firm had signed up with 40 financial service providers to take its services to under-banked and rural customers.
I chose to join Vaya because it is focused on under-banked districts, it has a great team, and it uses a next-generation technology platform that will become the future of financial inclusion.