Tagged: financial wellness

Constant, a Digitized, Self-Service Solution Provider for Banks, Partners Alkami to Offer Streamlined Digital Loan Servicing

Constant, an established provider of digitized, self-service solutions for banking platforms and credit unions, reveals that it has teamed up with Alkami, a virtual banking service provider, in order to offer a key solution to improve digital or online loan servicing and loss mitigation for… Read More

MoneyLion Joins Forces With NFP to Provide Nationwide Insurance & Financial Wellness Offerings to Members

  MoneyLion, a U.S.-based consumer digital finance platform, announced on Thursday it has teamed up with insurance broker NFP to provide its members with direct access to insurance and financial wellness offerings. MoneyLion reported that the offerings are to help its members support their financial… Read More

Wealth Management/Financial Wellness Provider Envestnet Announces Acquisition of Harvest Savings & Wealth Technologies

Envestnet, Inc. (NYSE: ENV), a provider of intelligent systems for wealth management and financial wellness, announced on Thursday it has acquired Harvest Savings & Wealth Technologies. According to Envestnet, Harvest Savings & Wealth Technologies provides automated goals-based saving tools and wealth solutions to banks, credit… Read More

Regulators are As Concerned about Consumer Preference in Debt Collection as Creditors, TrueAccord Exec Reveals

Regulators care “as much about consumer preference in debt collection as creditors,” according to Kelly Knepper-Stephens, Vice President Legal & Compliance at TrueAccord, a Fintech that aims to transform debt collection into “a pathway toward financial health.” Kelly, who’s based in the San Francisco Bay… Read More

Wealth Management & Financial Wellness Provider Envestnet Announces Expansion of Annuity Program on Insurance Exchange

Envestnet, Inc. (NYSE: ENV), a provider of intelligent systems for wealth management and financial wellness, announced on Wednesday it has expanded its Variable Annuity Program to become the Envestnet Insurance Exchange, powered by Fiduciary Exchange, LLC (FIDx).  According to Envestnet, the Envestnet Insurance Exchange provides… Read More

Marketplace Lender Prosper Reports 81% Originations Rated AA-B, Avg Loan Size was $13k, Avg Borrower Income $103k for Feb 2021

Prosper, a peer-to-peer lending company that connects borrowers and investors with over $17B in loans issued via its platform, recently shared their performance data from the Prosper Portfolio for the month of February 2021. Key highlights from the report are as follows: In February 2021,… Read More

LendingClub Shares Financial Management Tips, Explains how to Build Emergency Fund and how to Apply for Personal Loans

LendingClub (NYSE:LC) notes that if you’ve been struggling to make ends meet, then you are definitely not alone. Amid the ongoing COVID-19 pandemic, nearly 30 million US residents are still facing unemployment, which has compounded existing struggles for workers who may have been living paycheck-to-paycheck… Read More

Egyptian Salary Advance Fintech NowPay Signs MoU with Export Development Bank of Egypt

Egypt’s Fintech firm NowPay, which offers financial wellness solutions, has entered into an MoU with the Export Development Bank of Egypt (EBE). Established in 2019, NowPay has been launched to help reduce workers’ financial stress by improving the key pillars of financial wellness for employees:… Read More

Financial Wellness App Provider Douugh Reportedly Forms Partnership With E-Commerce Platform Rakuten

Douugh, an Australia-based AI-driven financial wellness app provider, has reportedly formed a new partnership with e-commerce platform, Rakuten.  Itnews reported that through the partnership, Douugh will use Rakuten as a channel to increase mobile app downloads and fast track customer acquisitions. While sharing more details… Read More

Financial Wellness App Provider Douugh Unveils Self-Driving Money Management Feature “Autopilot”

  Douugh, an Australia-based AI-driven financial wellness app provider, announced on Friday it has launched its new self-driving management feature, Autopilot, within its app. According to Douugh, the first function of Autopilot is Salary Sweeper, which is described as a service that automatically allocates a… Read More

Seattle based Fintech Secure to Help Employers with Offering Financial Wellness Benefits to Workers

The COVID-19 pandemic has created a financial burden for millions of workers throughout the US as many people have lost their jobs or may not be earning as much due to reduced hours or pay. The Coronavirus crisis has also affected the firms that people… Read More

Overfunding: UK Financial Wellness Provider Float Quickly Surpasses £512,500 Funding Target Through Seedrs Campaign

Float, a UK-based financial wellness provider, quickly surpassed its initial £512,500 funding target through its recently launched Seedrs campaign. The funding round has already attracted more than 20 Seedrs investors. Founded in 2018, Float describes itself as a socially responsible financial wellness company offering salary… Read More

SoFi Teams Up With T. Rowe Price Retirement Plan Services For Financial Wellness Offerings

SoFi, one of the most successful Fintechs in the U.S., announced earlier this week it has joined forces with T. Rowe Price Retirement Plan Services for new financial wellness offerings. The duo noted that these offerings are a comprehensive suite of financial wellness resources, including… Read More

Fintech Harvest to Offer AI and Machine Learning enhanced Financial Wellness Reports

US-based Fintech firm Harvest is reportedly planning to transform the existing credit scoring systems. Like many other Fintechs, Harvest will be using artificial intelligence (AI) and machine learning (ML) algorithms to offer clients a dynamic view of their financial profile. This should help people with… Read More

Technology Platform Provider Benefitfocus Announces PayActiv As New Financial Wellness Partner

Benefitfocus, Inc. (NASDAQ: BNFT), a technology platform provider enabling rapid innovation for employers, health plans and consumers, recently announced it has named employment-based holistic financial wellness services PayActiv as its new financial wellness partner. Founded in 2000, Benefitfocus claims it unifies the entire U.S. benefits industry on… Read More

Wealth Management & Financial Wellness Provider Envestnet Announces Convertible Notes Offering Closing

Envestnet, Inc. (NYSE: ENV), a provider of intelligent systems for wealth management and financial wellness, recently announced the closing of its offering of $517.5 million aggregate principal amount of 0.75% convertible notes due 2025. According to Envestnet, the Notes were sold in a private offering to qualified… Read More

Wealth Management & Financial Wellness Provider Envestnet to Offer $450 Million of Convertible Notes

Envestnet, Inc. (NYSE: ENV), a provider of intelligent systems for wealth management and financial wellness, announced on Monday it proposes to offer $450 million aggregate principal amount of convertible notes due 2025 in a private offering to qualified institutional buyers pursuant to Rule 144A under… Read More

U.S. Fintech FinFit Offering Financial Wellness Benefits Services Free of Charge During COVID-19 Pandemic

FinFit, a U.S.-based fintech that provides more than 80,000 American companies with a financial wellness benefit platform, announced on Wednesday it is now offering its services for free to any employer that wants to offer financial wellness resources for their employees during the COVID-19 outbreak. … Read More

Envestnet Announces Sudden Passing of CEO Jud Bergman

Envestnet, Inc. (NYSE: ENV), a provider of intelligent systems for wealth management and financial wellness, announced on Friday the sudden passing of its CEO, Jud Bergman. According to Envestnet, Bergman, along with his wife, Mary Miller, were involved in an automobile accident on Thursday. Following… Read More

Fintech Startup PayActiv Surpasses $1 Billion in Processed Funds

PayActiv, a U.S.-based provider of employment-based holistic financial wellness services, announced on Monday it has surpassed $1 billion in processed funds for timely earned wage access to the underserved and underbanked workforce. Speaking about the milestone, Safwan Shah, Founder and CEO of PayActiv, stated: “Financial stress is at… Read More

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