Accessible Banking: Why Financial Inclusion is Good for Business”
In an era of digital banking, accessibility isn’t just a legal requirement—it’s a competitive advantage. Over 1 billion people globally live with disabilities, and many struggle with inaccessible apps, complex forms, or CAPTCHA-heavy logins. For financial institutions, investing in digital accessibility means broader customer reach, reduced legal risk, and stronger brand loyalty. Here’s why it matters and how to get started.
Why Banks & Fintech Must Invest in Digital Accessibility?
- Legal Compliance
- Laws like ADA (US), AODA (Canada), and PSD2 (EU) mandate accessible digital services. Non-compliance risks lawsuits (e.g., Bank of America’s $10M ADA settlement).
- Customer Trust & Retention
- 25% of adults have a disability—ignoring accessibility alienates potential clients and damages reputation.
- Revenue Growth
- Accessible platforms attract loyal customers: 71% of users with disabilities abandon sites with barriers.
- Future-Proofing
- As aging populations grow, demand for accessible banking will surge.
Common Accessibility Gaps in Finance
- Account Applications: Complex forms without error guidance.
- Mobile Apps: Inaccessible gestures, lack of screen reader compatibility.
- Statements & PDFs: Non-tagged documents unusable for assistive tech.
- Security Barriers: Visual CAPTCHAs blocking users with low vision.
How DigitalA11Y Can Help
- Audits & Testing: WCAG 2.2 compliance checks for websites/apps.
- Training: Teach teams to design accessible financial workflows.
- Remediation Support: Fix PDFs, ARIA labels, and keyboard navigation.
- Legal Guidance: Stay ahead of regional regulations.
Ready to build a bank everyone can use?
Contact us to learn more about how we can support your digital accessibility initiative