Neobank MoneyLion (NYSE: ML) has revealed the launch of “MoneyLion Checkout,” which it describes as the Amazon of financial services.
MoneyLion says that users may search for hundreds of financial products, including both in-house and outside services. The company claims the services are similar to searching for flights or accommodations, where consumers may search and compare various offerings.
As for applying, the service is said to deliver a streamlined application process.
The whole service is powered by Engine by MoneyLion, an enterprise white-label product.
Dee Choubey, co-founder and CEO of MoneyLion, believes that consumers expect the simplicity of e-commerce when purchasing financial services. He adds that it also makes the process for their partners smoother by eliminating “redundant steps” and better managing data and qualification.
MoneyLion currently reports over 1,200 Enterprise Partners.
