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BNY Expands Commitment to Financial Education for Community Banks, Nonprofits, and Employees
BNY (NYSE: BK), a global financial services company, announced a new initiative designed to strengthen financial education across the interconnected communities that fuel a strong economy – from U.S. community banks to nonprofit organizations and BNY’s own employees.
This multifaceted initiative builds on the company’s ongoing efforts to strengthen financial access and resilience and increase participation in the financial system.
It encompasses delivering tailored training for 1,000 U.S. community banking leaders, providing dedicated funding and support to nonprofit organizations working to advance financial literacy, as well as expanding and embedding financial education as a core element of BNY’s culture.
Key components of the initiative include:
- U.S. Community Banks: Drawing on insights from BNY’s Voice of Community Banks study, the program delivers specialized training for community bankers across the U.S. including sessions led by BNY senior leaders. Key topics include cybersecurity, artificial intelligence, data analytics, corporate finance and strategic planning — areas identified as essential to long-term success and resilience.
- Philanthropic Investment: BNY will contribute $10 million to U.S.-based nonprofit organizations that promote financial wellbeing in our communities. This philanthropic commitment aims to improve financial outcomes for individuals and families through education and access.
- Employee Education: BNY is expanding financial education across all levels of its employee base. Through digital learning, curated modules, and interactive programs, the company is equipping all employees with practical knowledge to enhance their own critical personal finance skills.
“We’re focused on elevating financial education across community banks, nonprofits, and our own teams,” said Jayee Koffey, Chief Enablement and Global Affairs Officer at BNY. “It’s rooted in our belief that access to knowledge, especially early on, makes a lasting difference – every step matters, and broader participation strengthens the financial ecosystem for everyone.”
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