# A closer look at NAAC-Talino Finance's 'Market Readiness' win at the FDIC's tech sprint | Talino Venture Labs

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- Published at: 2021-09-15 16:31:10 UTC
- Updated at: 2025-07-09 03:20:52 UTC

## Author
Nina Terol

## Subject
Talino Venture Labs

## Content
As we've recently shared, the National Asian American Coalition (NAAC) and Talino Venture Labs, working jointly as NAAC-Talino Finance, won the market readiness category of the tech sprint organized by the Federal Deposit Insurance Corporation (FDIC) entitled Breaking Down Barriers: Reaching the Last Mile of the Unbanked. The tech sprint aimed to explore new technologies and techniques to help banks meet the needs of unbanked consumers.FDIC Chairman Jelena McWilliams said, “This is only a first step. I encourage all of our participants to continue to engage with us and share their ideas and expertise on how we can support innovation as a bridge to financial inclusion.”Available for rollout by the end of 2021, NAAC-Talino Finance’s intuitive and mobile-first digital social borrowing platform gives small businesses access to much-needed credit at more affordable rates while allowing them to build up their credit scores and become more responsible borrowers. This platform is inspired by a tried-and-tested model popularized by the Nobel Peace Prize-winning Dr. Muhammad Yunus in the 1970s, and now uses technology to introduce financial literacy along with ease of use.Learn more about how social borrowing circles work, the criteria for our "Market Readiness" win, and what's next for the NAAC-Talino Finance team in this Talino blog post.