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The National Bankers Association Foundation, the 501(c)(3) arm of the National Bankers Association, working with the Alliance for Innovative Regulation (AIR) and support from Citi Foundation's Community Finance Innovation Fund created the MDI ConnectTech digitization initiative for Minority Depository Institutions (MDIs). 

MDI ConnectTech will work with minority-owned and -operated banks to develop and integrate technology solutions that multiply their lending capacity and that increase the access to and the affordability of financial services to underserved customers. 

MDI ConnectTech

Digitization Program for Minority Banks


National Bankers Community Alliance

  Powered by  National Bankers Association  

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Since the Freedman's Savings Bank's founding in 1865, MDIs have continued to serve as the cornerstone of efforts to narrow the economic gap for people of color. MDIs provided financial services, mortgages, and small business loans to minority, low-to-moderate-income (LMI), and underserved communities — when other financial institutions would not.

As digital capabilities increasingly define financial services, the MDIs' digital divide has worsened structural barriers in banking and exacerbated racial inequality. Translating and defining innovation and identifying, acquiring, implementing, and leveraging technology solutions for MDIs are a challenge. Digitization efforts that increase customer acquisition, services, and satisfaction are crucial to preventing their demise and maintaining a needed resource for financial access, wellness, and generational wealth in the community.

MDI ConnectTech provides MDIs with the ability to modernize, digitize, and scale and removes the affordability barrier by investing in technology and talent and allowing minority banks to remain sustainable financial epicenters and champions for economically vulnerable people and communities. With the right digital tools and technology experts, minority banks will improve efficiency and revenue performance while reducing costs and operational risks. MDI ConnectTech is a solution to ensure minority banks remain a sustainable financial epicenter and champion for economically vulnerable people and communities


To learn more about MDI ConnectTech or explore partnership opportunities with this transformative program, email

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