Daylight was designed by LGBT+ people to provide a welcoming, inclusive, and sensitive digital banking experience for members of their community, including trans and nonbinary individuals.
The U.S. LGBT+ population includes both unserved and underserved individuals facing unique financial situations. For example, trans and nonbinary people may experience an invasion of privacy or have difficulty proving their identity at traditional financial institutions. Trans individuals may also face challenges financing gender reassignment surgery.
Daylight enables LGBT+ individuals to access digital banking and participate in financial planning that goes beyond “LGBT-friendly” to connect deeply with their life experiences, which could include gender transitions, family planning, or buying a home. Daylight’s ‘Know Your Customer’ system is sensitive to users’ identities, avoiding potentially triggering events, such as deadnaming. Customers receive a debit card with their chosen name, regardless of the name on their legal ID.
FINANCIAL HEALTH FOCUS
The platform focuses on low- and moderate-income LGBT+ individuals, helping them plan their financial future in an empathetic environment.