DolFinTech, a trusted name in non-banking financial services catering to the Hispanic community, has announced a strategic partnership with Green Dot Corporation. This collaboration aims to revolutionize the remittance experience by offering embedded financial solutions that prioritize accessibility, security, and user control. With over 500 company stores, 5,000 retail agent locations, and a growing digital presence, DolFinTech is set to expand its suite of services, empowering customers with innovative banking tools.
Through this partnership, DolFinTech will introduce a new embedded banking account powered by Green Dot’s Arc platform. This account will provide users with essential features such as early access to direct deposits, overdraft protection, and instant access to funds. Customers can now send, receive, and manage money seamlessly, without intermediaries or delays.
Omar Coss, Digital Products Director at DolFinTech, expressed enthusiasm about the collaboration: “We’re thrilled to partner with Green Dot to bring transformative financial solutions to our customers. This partnership redefines the remittance experience, offering enhanced security, convenience, and flexibility. With direct deposit accounts and card issuance, users can instantly access funds, make purchases, pay bills, or withdraw cash—creating a truly borderless financial experience.”
The need for alternative financial services in the U.S. remains critical. According to the FDIC’s National Survey of Unbanked and Underbanked Households, 4.5% of households are unbanked, while 14.1% are underbanked—meaning they rely on nonbank services despite having a bank account. For millions of Americans in these categories, DolFinTech’s new DDA account, powered by Arc by Green Dot, offers a practical and affordable solution.
Jamison Jaworski, GM/SVP of Green Dot’s Consumer Division, highlighted the shared mission of serving low-to-moderate-income (LMI) customers: “Our LMI customers deserve banking options that are convenient, flexible, and valuable. By leveraging Arc, DolFinTech can now deliver a modern, comprehensive digital banking experience that bridges gaps in traditional financial services. We’re proud to support this initiative and help improve financial inclusion.”
About Arc by Green Dot:
Arc is Green Dot’s embedded finance platform, offering secure banking and money processing capabilities designed to drive value, loyalty, and growth for consumers and businesses. Integrated with Green Dot Bank, Arc provides FDIC-insured banking products, regulatory expertise, and compliance support. The platform is cloud-based, modular, and scalable, making it adaptable to diverse business needs.
Arc powers some of the world’s most trusted brands, offering seamless and secure financial tools. With enterprise-grade APIs, Arc delivers end-to-end banking services, including fraud protection, access to the largest retail deposit and ATM network in the U.S., and comprehensive customer support.
This partnership between DolFinTech and Green Dot marks a significant step toward fostering financial inclusion and empowering underserved communities with accessible, innovative banking solutions.
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