Tagged: financial wellness

January 13, 2022 @ 5:50 pm By Omar Faridi  |  

One of the most challenging or pressing issues facing service-oriented companies right now is retaining hardworking, motivated professionals. According to a study shared by The Washington Post, the hospitality sector has the highest quitting rates of any industry by a considerable margin. TipHaus aims to… Read More

January 5, 2022 @ 1:11 am By Omar Faridi  |  

A recent Harris Poll reveals that US consumers are concerned about long-term finances and expect their employer to assist them with preparing financially for the foreseeable future. This study, commissioned by Funding Our Future campaign and DailyPay, polled over 2,000 American adults between the ages… Read More

November 30, 2021 @ 3:04 pm By Omar Faridi  |  

CuneXus, which claims to be the first digital storefront for financial institutions’ account holders, has announced a real-time, credit monitoring tool that’s available for financial institutions and end-users who may be embedded within the CuneXus storefront. The solution provides financial institutions the ability to show… Read More

November 28, 2021 @ 12:02 pm By Omar Faridi  |  

ID Finance, which claims to be one of the fastest-growing Fintechs in Spain and Mexico, has raised 106% (€1,062,883) of its €1M fundraising target from 459 investors (at the time of writing) via Crowdcube with 3 days left in its crowdfunding campaign. After a record-setting… Read More

July 16, 2021 @ 6:28 pm By Omar Faridi  |  

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

May 13, 2021 @ 9:29 am By Samantha Hurst  |  

  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

April 8, 2021 @ 2:21 pm By Samantha Hurst  |  

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

March 26, 2021 @ 10:17 pm By Omar Faridi  |  

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

March 17, 2021 @ 1:27 pm By Samantha Hurst  |  

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

March 15, 2021 @ 10:10 am By Omar Faridi  |  

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

March 9, 2021 @ 10:31 pm By Omar Faridi  |  

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

March 8, 2021 @ 10:12 pm By Omar Faridi  |  

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

March 7, 2021 @ 10:32 pm By Samantha Hurst  |  

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

February 12, 2021 @ 1:59 pm By Samantha Hurst  |  

  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

November 24, 2020 @ 7:20 pm By Omar Faridi  |  

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

November 2, 2020 @ 11:55 am By Samantha Hurst  |  

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

October 9, 2020 @ 2:49 pm By Samantha Hurst  |  

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

October 3, 2020 @ 7:43 am By Omar Faridi  |  

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

September 20, 2020 @ 9:53 pm By Samantha Hurst  |  

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

August 23, 2020 @ 10:28 pm By Samantha Hurst  |  

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