[April 25, 2018] |
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MoneyLion Wins Celent Model Bank Award for Financial Wellness
Celent, a global financial services research and advisory firm, today
announced that MoneyLion
- the financial operating system revolutionizing the way Americans save,
invest, and build their credit - was named winner of the Model Bank
Award for Financial Wellness. This award is given to the company that
demonstrates innovative technological approaches to improving customer
outcomes.
"MoneyLion is building the bank of tomorrow, where everyone can get
access to better borrowing, saving, and investing tools previously
reserved for the wealthy," said MoneyLion CEO and co-founder, Dee
Choubey. "We're honored to receive this recognition, a reflection of how
we've been able to democratize AI-driven personalized financial advice
and education for our 2+ million members."
Celent's annual Model Bank Awards recognize companies that are setting
the standard in technology best practices critical to banking success.
Nominations are submitted by financial institutions and undergo a
rigorous evaluation process by Celent analysts. Celent scores
submissions on three core criteria: demonstrable business benefits of
live initiatives; the degree of innovation relative to the industry; and
the technology or implementation excellence.
According to Daniel Latimore, Senior Vice President at Celent, "The
Model Bank Awards recognize how companies are successfully using
technology to change the face of banking. Winners serve as an
inspiration to others looking for strong examples of best practice
impementation that will have a truly meaningful impact on business
results and the industry overall. MoneyLion has clearly and consistently
demonstrated this."
Earlier this month, MoneyLion was selected out of hundreds of applicants
worldwide as the Top Emerging Technology Company in the annual LendIt
Fintech Industry Awards Competition. These awards follow MoneyLion's
recent announcement of the addition of checking and savings capabilities
for its MoneyLion Plus members, rebundling banking services to offer
premium banking products to all Americans, not just the affluent.
For more information about MoneyLion, visit www.moneylion.com.
About MoneyLion:
MoneyLion is a leading mobile finance platform that empowers consumers
to take control of their financial lives through better products for
borrowing, saving, and investing. Founded in 2013 by a team of leading
technologists and financiers, MoneyLion uses superior analytics and
machine learning-based technology to gain a 360-degree view of its
users' personal finances, enabling uniquely personalized advice and
underwriting. With its built-in system of rewards, points, and
incentives, MoneyLion encourages good financial behavior and better
financial outcomes. MoneyLion is headquartered in New York with offices
in San Francisco, Salt Lake City, and Kuala Lumpur, Malaysia. For more
information, visit www.moneylion.com or
download the app here.
Disclosure
MoneyLion's affiliate, ML Wealth LLC, is a Registered Investment Advisor
with the SEC (News - Alert). MoneyLion Plus members' investments are protected by the
SIPC (Securities Investor Protection Corporation) for up to $500,000.
Brokerage services provided to clients of ML Wealth by Drive Wealth LLC,
a member of FINRA/SIPC. Other services provided by our affiliates
including ML Plus, LLC. This communication and all data are for
informational purposes only and do not constitute a recommendation to
buy or sell securities. Past performance is no guarantee of future
results. Keep in mind investing involves risk. The value of your
investment will fluctuate over time and you may gain or lose money.
Nothing in this communication should be construed as an offer,
recommendation, or solicitation to buy or sell any securities or
services.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180425005477/en/
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