# Professor Kim Schoenholtz highlights the opportunities and challenges related to serving underbanked customers

1 Faculty News August 22, 2018 ![TIME logo](/sites/default/files/styles/246w/public/assets/images/uat_025660.jpg?itok=PFxttUnQ)>

Excerpt from [TIME](http://time.com/5351706/postal-banking-kirsten-gillibrand/) -- "'There are lots of reasons why being able to save matters. Being able to have a deposit account that doesn’t cost very much, gives them access to their funds and allows them to cash checks and wages they receive or government transfers — all of that is really valuable and it improves people’s lives,' said [Kim Schoenholtz](http://www.stern.nyu.edu/faculty/bio/kim-schoenholtz), a professor of financial institutions and markets at New York University. 'Postal banking is one way of delivering that, but it’s certainly not the only way of delivering it.'"

[Read more](http://time.com/5351706/postal-banking-kirsten-gillibrand/)