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Aequalend launches innovative financial services platform designed to bridge the financial inclusivity gap for underserved communities

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Black, Latino communities and Gen Z more likely to be underserved by the mainstream U.S. financial system.

HOUSTON, Sept. 5, 2023 /PRNewswire-PRWeb/ — Aequalend, a new minority-owned financial technology company seeking to revolutionize the financial services industry by addressing financial exclusion in the U.S., announced its official launch today. The company aims to empower underserved groups, including unbanked and underbanked minority communities, through robust community engagement, financial literacy education, and innovative, personalized and affordable financial solutions that challenge the status quo of traditional financial institutions.

 

“We believe financial inclusion is not a privilege but a fundamental right. And we know access to financial literacy is critical to economic mobility for the underserved. We want to dismantle barriers to resources that can transform lives.” – Aequalend CEO & Co-Founder, Marc Hernandez

The term “unbanked” refers to households that lack checking or savings accounts at traditional banking institutions, while “underbanked” households may have a bank account but still resort to nonbank financial products and services, such as check cashing services or payday lenders. According to the Federal Deposit Insurance Corporation’s 2021 National Survey of Unbanked and Underbanked Households, an estimated 4.5% of U.S. households (representing 5.9 million households) were unbanked and 14.1% of households (18.7 million households) were underbanked. Black and Latino communities were more than twice as likely to be in these categories – a challenge that perpetuates systemic inequalities, stifles economic progress and deprives a significant segment of the population of the resources necessary to build a secure and prosperous future and, ultimately, generational wealth.

“We believe financial inclusion is not a privilege but a fundamental right. And we know access to financial literacy is critical to economic mobility for the underserved. We want to dismantle barriers to resources that can transform lives,” said Aequalend CEO and Co-Founder Marc Hernandez. “By leveraging cutting-edge technology, embracing diversity, facilitating knowledge and maintaining an unwavering commitment to our mission, Aequalend is poised to redefine financial inclusion in the United States.”

The TIAA Institute-GFLEC Personal Finance Index, an annual study that assesses financial literacy among U.S. adults, reports significantly lower financial literacy rates among Hispanic and Black Americans, who correctly answered 6% and 7% of P-Fin Index questions, respectively. White and Asian Americans correctly answered 24% and 23% of the questions, respectively. Additionally, financial literacy rates are declining with each generation, which only compounds the financial challenges Gen Z faces.

“As minorities ourselves, we’ve witnessed the struggles that result from the inclusion gap firsthand – both amongst our families and our customers,” said Aequalend President and Co-Founder Sandra Estrella. “Not only is there a lack of affordable, accessible and culturally competent financial products to meet these consumers’ needs, they’re already behind from birth and very rarely catch up because they lack financial literacy. And a lack of financial literacy in the U.S. isn’t unique to minorities; it’s a major issue that’s also currently impacting Gen Z across all races and ethnicities. We want to make a difference.”

KEY HIGHLIGHTS:

Tailored financial solutions: Recognizing that one size doesn’t fit all, Aequalend offers residential mortgages, personal loans and credit cards, small business loans, financial education and personalized financial management tools designed to meet the unique needs and challenges of underserved communities.Financial literacy: Aequalend believes in empowering its customers. Beyond just providing financial services, the company prioritizes financial literacy ensuring its customers understand how to use its products and possess the knowledge to make sound financial decisions, thereby fostering financial independence.Culturally competent services: Aequalend is committed to understanding and respecting the diverse cultural nuances of its customers, making it truly relatable.Tech-driven accessibility: Using innovative technology, like artificial intelligence and blockchain, to democratize access to wealth creation, Aequalend delivers a seamless, secure and transparent user experience that promotes trust and long-term relationships with its customers.

The nation is witnessing the intersection of finance and technology, as well as a surge in minority entrepreneurs, families and individuals looking to shape their financial destinies. These factors are transforming the way people manage their money, access credit, invest and make payments – democratizing access to previously exclusive financial services. With a focus on financial inclusion, innovation and community empowerment, as well as a commitment to transparency, Aequalend is well-positioned to make a lasting difference in the lives of the individuals and communities it supports.

Hernandez and Estrella have a combined 40 years of financial services experience with a focus on helping minorities purchase homes. Aequalend’s team brings vast experience in finance, technology and community development, as well as a profound grasp of compliance requirements, to the table. The company currently serves residents in Texas, Georgia, Colorado, Florida and Washington, D.C., and plans to expand its operations across the U.S. in the coming months.

As it grows its national presence, Aequalend is also looking to grow its team with associates who share its vision for a more equitable financial future in the U.S. and an undivided approach to finance.

About Aequalend

Aequalend (pronounced eh-KWUH-lend) is a minority-owned fintech company seeking to revolutionize the financial services industry by addressing financial exclusion in the U.S. With a focus on innovative technology, affordable financial solutions and financial literacy education, the company’s mission is to help close the financial wealth gap and build generational wealth within underserved populations across America. Aequalend is headquartered in Houston. To learn more, visit www.aequalend.com

Media Contact

Jasmine Hernandez, Aequalend, 1 7735172105, marketing@aequalend.com, www.aequalend.com

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Brian Greene Tells LMU Graduates: Embrace Your Moment in the Cosmos with Curiosity and Gratitude

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LOS ANGELES, May 18, 2025 /PRNewswire/ — Brian Greene, a leading theoretical physicist and sought-after communicator of groundbreaking scientific concepts, urged those gathered Sunday for Loyola Marymount University’s graduate and LMU Loyola Law School commencement to appreciate their unique existence in the cosmos, embrace their potential, and approach life with gratitude.

Addressing a rapt crowd on LMU’s sun-filled Westchester campus, the best-selling author told graduates “we have each won the most improbable cosmic lottery.” See the press kit with images and Greene’s commencement video HERE.

“Think about how utterly unlikely it is that you exist,” Greene said. “Think about the nearly infinite collection of quantum processes stretching from The Big Bang until today … yet against those astounding odds – for a brief moment of time you exist, as do I.”

Drawing on discoveries from Albert Einstein to Stephen Hawking and Carl Sagan to Edwin Hubble, Greene traced for students and attendees the arc of scientific discovery allowing us to better understand our place in the universe, and the phenomenon of our capacity to live, comprehend, and connect with one another. Greene also noted the contributions of Jesuit-educated Catholic priest Georges Lemaître, who “used Einstein’s math to catch a glimpse of the possibility that space might be expanding,” an idea widely rejected at the time, only to be established a few years later.

“We can think about the past. We can imagine the future. We can take in the universe, mind and body, with reasoning and emotion allowing us to figure out astonishing things, like how stars shine and light travels, how black holes form and time elapses, allowing for creative achievements … all created by minds like yours, like mine, and that …most certainly will continue to create great beauty, to illuminate great mystery, to experience great wonder.”

 This phenomenon of human existence, Greene concluded, “should give us all a deep sense of connection. A kind of cosmic communion, and a sense that I can summarize with one word: gratitude.”

“Gratitude for being a small transient part of this wondrous unfolding, gratitude for our capacity to come together in groups that, at their best, allow us to each realize our potential, gratitude for our capacity for courage like that of George Lemaître, to stand up to authority, to not accept easy answers, and when necessary to fight for what we believe in. Gratitude that is for human existence, for fragile, delicate, difficult, challenging, painful, exhausting, beautiful, exquisite, transcendent, human existence, however brief, however evanescent, however fleeting.”

Greene is a lifelong learner committed to intellectual inquiry, educational access, and academic excellence. Described by The Washington Post as “the single best explainer of abstruse concepts in the world today,” he is the author of four acclaimed books that have collectively sold millions of copies worldwide. His latest best-selling release, “Until the End of Time,” which explores the cosmos and our quest to understand it, was named one of the “100 Notable Books of 2020” by The New York Times.

Greene’s books have been adapted into two Emmy and Peabody Award-winning NOVA miniseries, both of which he hosted. With journalist Tracy Day, he co-founded the World Science Festival, whose flagship events in New York and Australia have reached an audience of more than two million people, and more than 250 million people online. Greene has appeared on “The Late Show with Stephen Colbert,” played himself in an episode of “The Big Bang Theory,” and made cameo appearances in films including “Frequency,” “Maze,” and “The Last Mimzy.” A Harvard graduate and a Rhodes Scholar, he serves as director of Columbia University’s Center for Theoretical Physics.

Nearly 2,900 LMU undergraduate, graduate, and law students participated in weekend commencement celebrations, which began Saturday with Ahmir “Questlove” Thompson addressing the undergraduate commencement ceremony

ABOUT LOYOLA MARYMOUNT UNIVERSITY

Loyola Marymount University is one of the nation’s top-ranked Catholic universities, recognized by U.S. News & World Report among the top 50 private and top five Jesuit institutions in the country, and among California’s top six private schools. Founded in 1911 and rooted in the Catholic, Jesuit, and Marymount traditions, LMU enrolls 7,100 undergraduates and 3,000 graduate and law students across seven colleges and schools. The university offers 56 undergraduate majors, 57 minors, 43 master’s degree programs, three doctorate programs, and 12 credential/authorization programs. With top-ranked programs in law, film and television, entrepreneurship, business, and the arts, LMU is embedded in the creative, cultural, and economic life of Los Angeles. The university generates $1.4 billion in annual economic impact. A proud member of the West Coast Conference, LMU fields 14 NCAA Division I teams and competes with purpose, pride, and integrity.

LMU news and events are found at: www.lmu.edu/news.

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SOURCE Loyola Marymount University

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1 in 3 Singapore Jobseekers Tricked by Scams, Reeracoen Survey Warns as Digital Hiring Surges

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New findings highlight growing urgency for digital hiring safeguards as trust in recruiters and job sites declines

SINGAPORE, May 19, 2025 /PRNewswire/ — Amid one of Asia’s most digitally advanced labour markets, a new survey by Reeracoen Singapore, in collaboration with Rakuten Insight Global, reveals that 35% of jobseekers in Singapore encountered job scams in the past year, with over half of them targeted more than once.

This worrying trend comes amid a national surge in scams. According to the Singapore Police Force, scam cases rose by 46.8% in 2023, with job scams alone costing victims more than S$20 million. Despite Singapore’s strong governance and advanced recruitment platforms, digital fraud continues to outpace safeguards.

“As AI continues to evolve, it’s becoming harder to tell what’s real and what’s a scam — especially in digital hiring. This is no longer just a tech problem; it’s a human one,” said Kenji Naito, Group CEO of Reeracoen Group. “The value of human involvement and verified interactions is becoming even more important. We must build hiring ecosystems where people feel safe and trust comes by default.”

Jobseekers Losing Faith in Trusted Platforms

The survey found that fraudsters are exploiting legitimate-looking platforms and impersonating recruiters to target tech-savvy candidates. Among the top job search channels are online job portals and company websites, but even these are being misused by bad actors. In response, 79% of jobseekers said they are highly concerned about scam risks and 40% reported declining trust in recruitment platforms and agencies due to scam exposure.

The most common red flags include requests for upfront fees or personal information and suspiciously high salaries paired with minimal job requirements.

“Even in Singapore’s trusted hiring environment, jobseekers are feeling the impact of impersonation scams,” said Shoichi Sunaga, Branch Manager, Reeracoen Singapore. “Verified listings, stronger employer branding, and human-led screening are no longer optional – they’re essential.”

Jobseekers Call for Platform Accountability

Respondents identified the following as top measures they want from job platforms and recruiters:

Stricter screening of job postingsVerified employer and recruiter accountsReal-time user reporting systems for suspicious adsCollaboration with government agencies for enforcement

Notably, only 1 in 5 respondents said they would pay for additional scam protection, reinforcing the expectation that safety should be a built-in standard, not a premium add-on.

Industry-Wide Call to Action

To address these concerns, the report offers strategic recommendations for employers, platforms, and regulators seeking to strengthen digital hiring integrity:

Deploy verification badge systems to deter impersonationImplement AI-powered screening tools to detect and block fraudulent job postingsEnhance collaboration with regulatory bodies like the Ministry of Manpower and Infocomm Media Development Authority on cross-platform enforcementRun public awareness campaigns to educate jobseekers on red flags and reporting mechanisms

Reeracoen advocates for industry collaboration and policy alignment to build a more resilient, transparent digital hiring ecosystem.

To download the full report or explore Reeracoen’s recruitment services, visit: 

Navigating Job Scams in a Digital Hiring Era: Singapore 2025Think of jobs in Singapore, think of Reeracoen Singapore 

About Reeracoen Singapore

Reeracoen is an award-winning leader in Asia’s recruitment landscape, connecting top-tier talent with forward-thinking organisations across the region. With 9 offices across 6 major Asian countries, we combine deep local networks with cross-border hiring expertise to help businesses grow faster and stronger.

Our excellence has been recognised with recent awards such as:

Best Recruitment & Talent Acquisition Agency 2025Best International Recruitment & Talent Acquisition Agency 2024Best Executive Recruitment Agency 2024

In Singapore, we uphold the highest standards of professionalism and service quality, providing innovative and trusted recruitment solutions to help businesses and candidates succeed in an evolving digital economy. For more information, visit www.reeracoen.sg and follow us on social media.

About Rakuten Insight Global, Inc.

Rakuten Insight Global, Inc. (“Rakuten Insight”) is a wholly-owned online market research subsidiary of Rakuten Group, Inc., a global leader in internet services, headquartered in Tokyo. Rakuten Insight was established in 1997 as AIP Corporation and became part of the Rakuten Group in 2014. Rakuten Insight possesses a research panel focusing on 12 major Asian markets & the US and a panel network covering 60 countries and regions. With offices in 11 countries and regions, Rakuten Insight provides market research for over 500 leading companies around the world. Rakuten Insight Singapore serves as an off-shore market research hub to drive business development and provide multi-lingual and multi-functional operational support for clients based across Southeast Asia. For more information, visit https://insight.rakuten.com/ and follow us on social media.

 

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SOURCE Reeracoen

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Other World Computing (OWC) Launches OWC Thunderbolt™ 5 Dock

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TAIPEI, May 19, 2025 /PRNewswire/ — Other World Computing (OWC®) a trusted leader in high-performance storage, memory, connectivity, software, and accessories, today announced the launch and pre-order availability of the OWC Thunderbolt 5 Dock. Purpose-built for creative professionals, power users, and anyone needing a next-gen desktop expansion solution, this future-ready dock delivers exceptional speed, unmatched versatility, and broad device compatibility in a single streamlined hub.

The OWC Thunderbolt 5 Dock empowers users to do more—from high-resolution video editing to data-heavy workflows to turning a USB-C tablet into a full workstation. With next-level bandwidth and power delivery, it’s designed to maximize productivity wherever work happens.

Key Features:

Blazing-fast data performance with up to 80Gb/s bi-directional bandwidth and 120Gb/s for display-intensive tasksDisplay flexibility with support for up to three 8K displays or dual 6K displays on MacsUniversal compatibility with Thunderbolt 5, 4, 3, USB4, and USB-C—backward- and future-compatible140W power delivery, charging even the most demanding notebooksDaisy chain support for up to three independent Thunderbolt device chains

All the Ports You Need… and Then:
With 11 total ports, users can connect everything they need, including three Thunderbolt 5 (USB-C) ports, two USB-A 10Gb/s, one USB-A 5Gb/s, 2.5GbE Ethernet (MDM ready), SD and microSD UHS-II slots, 3.5mm combo audio, and more.

Transform Your Tablet, Power Your Projects:
The OWC Thunderbolt 5 Dock turns iPad Pro and other USB-C tablets into true desktop workstations—perfect for mobile content creators needing high-speed access to displays, drives, and peripherals through a single cable.

Each unit is Thunderbolt-certified and reliability-tested and included technologies, like OWC Dock Ejector ensures that your data and devices have added protection that other products on the market cannot provide. Apple SuperDrive compatibility for CD/DVD access is also included..

Priced at $329.99, the dock includes a certified Thunderbolt 5 cable, external power supply, and OWC’s award-winning customer support. Pre-orders are now open, with shipping expected in early July. Visit owc.com/solutions/thunderbolt-5-dock for more details.

The OWC Thunderbolt 5 Dock will be showcased at COMPUTEX TAIPEI, May 20–23, 2025, in Booth #J0527a.

About Other World Computing (OWC)

Founded in 1988, OWC is a trusted leader in high-performance storage, docks, and memory card solutions that empower professionals in video and audio production, photography, and business with the tools to seamlessly maximize the performance and reliability of their workflows.

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SOURCE Other World Computing (OWC)

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