SANTA MONICA, Calif.--(BUSINESS WIRE)--Meed, the Santa Monica-based company committed to bringing socially-conscious innovation to the financial sector, today announced that it has formed a new Advisory Board to guide the upcoming launch of its global platform. Meed and its global network of Member Banks and Corporate Members have created a unique social banking model where, through the patent-pending SocialBoost™ program, the banks financially reward users worldwide for growing the Meed Community. The global financial forecasts are considerable, providing significant income streams on top of the affordable banking and long-term savings products in the Meed package.
The Advisory Board is made up of three individuals with deep understanding of the financial, business and regulatory worlds: Don Bonker, Anuroop (Tony) Singh and Anatol von Hahn.
Don Bonker is a former U.S. congressman and a member of APCO Worldwide’s International Advisory Council and an executive director at APCO. He is a leading authority on international trade and investment and foreign policy issues, specializing in Chinese investments in the United States.
Tony Singh is a very experienced business leader and an independent member on the Board of several leading companies. He has more than four decades of executive experience in the financial services sector, including two decades as Regional Chief Executive for American Express, Bank of America, ANZ Grindlays Bank and New York Life. On the boards of several listed companies including Max India, Max New York Life and Development Credit Bank, he is the Founder Director of the Quantum Institute for Wellbeing, an international community promoting Holistic and Integrated approaches to Wellbeing and a personal endeavor to give back to humanity.
Anatol von Hahn recently retired after a distinguished career of over 30 years in international banking circles. His achievements have been evident not only in banking development within Canada as an executive instrumental in the Scotiabank organization, but also in the establishment and expansion of operations in Mexico, the Caribbean and across Central and South America.
Meed is gearing up for launch within months across its initial target countries of Vietnam, Mexico, U.S. and Canada. With this suite of affordable financial services products from its Member Banks, Meed is targeting the huge segment of people worldwide who are disenfranchised from the current banking system, either by choice or by circumstance. Meed offers a new choice to this generation through its partnership with socially-conscious Member Banks who have aligned behind Meed’s vision of financial mobility for all.
Meed’s innovative mobile app will provide access to Member Banks that offer a demand deposit account, a security savings account, a secured line of credit, domestic and international transfers between Meed users, as well as access to the income-building SocialBoostTM program, which gives users the opportunity to earn a new income stream in return for growing the Meed community. For every $1 earned by Meed users through SocialBoost’s personal community plan, another $1 is returned by the Member Banks to the worldwide Meed community, helping those who need it the most.
About Meed
Headquartered in Santa Monica, CA, Meed provides a new global platform for a community of networked Member Banks, Corporate Members and individual Meed users. The network provides access for users to the Member Banks for their financial services needs, and also provides a solution for financial exclusion and immobility. For more information, visit meed.net.
