Search Results for: Financial wellbeing

February 17, 2021 @ 8:27 am By Samantha Hurst  |  

PayDashboard, a UK-based interactive payslip platform, announced on Wednesday the launch of its new financial wellbeing marketplace, Moneysmart. According to PayDashboard, the marketplace smart matches consumers with a range of suitable financial products and services based on their lifestyles, attitudes to money and financial situations…. Read More

February 14, 2021 @ 8:38 pm By Omar Faridi  |  

London-based Abaka, which improves financial wellbeing by offering affordable financial advice powered by artificial intelligence (AI), notes that companies across different categories and markets aim to deliver the appropriate messages to their target clients, at the best time, using the most engaging channels. Traditional approaches… Read More

October 13, 2020 @ 7:49 am By Omar Faridi  |  

Polish-British Fintech Symmetrical.ai, which helps employees maintain financial well-being, has been issued a small payment institution license. The company said that the new permit should allow it to make Symmetrical-backed salaries “even faster, more flexible, and empowering.” Currently, there are 69 different small payment institutions… Read More

September 6, 2020 @ 3:17 pm By Ram Alagianambi, Arun Sikka, Janna Goldberg and Louis Caditz-Peck  |  

Expand your business’ impact by designing smarter products that benefit customers Building great financial products should follow the same basic rules as building any other solid products. However, this post will go beyond the basics and discuss how we can build financial products to improve… Read More

June 30, 2020 @ 7:14 am By Omar Faridi  |  

Polish-British Fintech firm Symmetrical.ai, which provides “salary on-demand” services and other products to help people manage their finances, has secured €5.6 million (appr. $6.3 million) in seed funding, in order to bring “ethical” finance to employees. Maintaining financial wellbeing by effectively managing one’s finances remains… Read More

June 23, 2020 @ 9:12 pm By Omar Faridi  |  

Oakland, California based Fintech firm Even aims to improve the financial wellbeing of workers and also wants to help people become better money managers. PayPal Ventures, Valar Ventures, Founders Fund, and Marc Benioff have recently made investments in Even. Even claims it’s the only Fintech… Read More

October 5, 2021 @ 7:43 am By Omar Faridi  |  

A significant 92% of consumers given Earned Wage Access (EWA), a service that allows people to get paid as they earn, said that it helped them to settle bills on time, “avoid overdraft fees and payday loans, and become less dependent on credit cards –… Read More

September 16, 2024 @ 6:16 am By Omar Faridi  |  

Despite the financial pressures facing young people, NatWest’s latest Savings Index reveals younger generations are building positive savings habits, breaking traditional taboos around talking about money, and “seeking innovative ways through social media to create a more secure financial future.” Almost nine in ten (86%)… Read More

August 24, 2024 @ 11:05 am By Omar Faridi  |  

Consumers across the UK who are using digital financial management tools report being on average “£37.08 better off per month, or £445 better off per year, compared to pre-adoption.” Today, as many as 7.6 million3 Brits are already “using digital financial management tools, meaning this… Read More

July 26, 2024 @ 3:55 pm By Omar Faridi  |  

As inflation remains stubbornly high, research shows millions of working Americans still live paycheck to paycheck, with little or no money to adequately save for the future or cover an untimely expense. Fortunately, many employers are “embracing new high-impact financial wellness benefits to help team… Read More

May 23, 2024 @ 1:22 pm By Omar Faridi  |  

Today, 47% of American workers feel financially well, up from 42% at this time last year. This is according to Bank of America‘s (NYSE: BAC) 14th annual Workplace Benefits Report, “The Resurging Workforce.” Conducted in partnership with Bank of America Institute, the report also “found… Read More

April 19, 2024 @ 6:44 am By Omar Faridi  |  

British Patient Capital has reportedly made a £7m investment in Wagestream – a financial benefits provider – as part of a £17.5m funding round. The investment was alongside other co-investors “including Lombard Odier Investment Managers and existing investor, Northzone.” With investment from social impact funds… Read More

September 29, 2023 @ 10:42 am By Omar Faridi  |  

Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, is pleased to share mid-year results from its partnership with Operation Hope: HOPE Inside Cross River, which “provides financial literacy education and financial planning to empower local small business owners and individuals on… Read More

September 14, 2023 @ 8:55 am By Omar Faridi  |  

BIAN, the independent not-for-profit standards association, has announced the third iteration of its ‘Coreless Banking’ initiative, an API-based services architecture designed to resolve the challenges banks face with interoperability. Coreless Banking 3.0 builds “upon BIAN’s second iteration of its coreless banking model developed in 2021,… Read More

September 5, 2023 @ 3:16 pm By Omar Faridi  |  

Instant Financial, which claims to be a leading innovator in the financial technology sector, has successfully raised a second funding round led by TTV Capital, a fintech-focused venture capital firm, and an original investor in Instant. The funding round also “saw participation from ITC Holdings… Read More

August 4, 2023 @ 9:17 am By Omar Faridi  |  

Pockit – the financial super app for low-income and underserved communities – has raised $10 million in a growth round “led by Puma Private Equity, with participation from The North East Development Capital Fund, managed by Maven Capital Partners and supported by the European Regional… Read More

May 27, 2023 @ 4:46 pm By Omar Faridi  |  

As noted in an update from ubank, 80% of financially stressed young Aussies “are experiencing mental health impacts.” According to new YouGov research commissioned by ubank, there are “a number of concerning insights around the ways financial anxiety is impacting the mental and physical health… Read More

April 30, 2023 @ 6:17 pm By Omar Faridi  |  

Frisch’s Big Boy, the 75-year-old American comfort food and casual-themed restaurant brand, announced its partnership with DailyPay–the provider of on-demand pay. Through the partnership, Frisch’s Big Boy’s employees “have access to an important financial wellness benefit that allows them to access their earned pay after… Read More

April 7, 2023 @ 4:08 pm By Omar Faridi  |  

With nearly 50 percent of U.S. workers reporting financial stress, FinFit and Salary Finance U.S. announce their merger, to better support the financial needs of working Americans. Both companies have been “part of the rapidly growing market of financial wellness employee benefits offered through the… Read More

March 23, 2023 @ 9:46 pm By Omar Faridi  |  

Rain, a provider of financial wellness products that empower and engage employees, announced that it “raised $116 million, encompassing $66 million in equity and $50M in debt.” QED Investors and Invus Opportunities “led the Series A with participation from firms including WndrCo, Tribe Capital, and… Read More