MetLife Digital Accelerator Partners with 10 Startups to Develop Financial Wellness and Engagement Solutions for Customers and Families
MetLife, Inc. (NYSE: MET) announced its third annual class of startups to participate in the MetLife Digital Accelerator powered by Techstars. The Accelerator supports MetLife's strategic approach to technology and innovation by working with external partners to simplify and create differentiated experiences for our customers.
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10 new startups selected to join the 2020 MetLife Digital Accelerator powered by Techstars (Photo: Business Wire)
This year's class will focus on developing financial wellness and engagement solutions to help customers and families save money, tackle debt, stay healthy, care for seniors and children, and close the racial wealth gap.
Personal finances are the No. 1 source of stress for employees. More than four in 10 U.S. workers - roughly 50 million overall - say they are not financially healthy, according to MetLife's 2020 Employee Benefit Trend Study.
"This year's Digital Accelerator brings together a diverse cross-section of tech innovators and specialized financial wellness experts to respond to these needs," said Meredith Ryan-Reid, senior vice president of Financial Wellness & Engagement at MetLife. "These startups will focus on developing compelling employee-benefit solutions that can flex to each customer's needs while addressing the broader impacts of a challenging socioeconomic climate."
During the three-month, intensive Accelerator program, the startups will work closely with MetLife leaders and Techstars mentors to develop, experiment and scale capabilities with the potential to transform the insurance industry. To protect the health and safety of all participants during COVID-19, this year's program will run in a largely virtual format. At the conclusion in December, each startup will pitch its solutions during a Digital Accelerator Demo Day.
The 10 Startups selected for this year's class are developing and refining the following capabilities:
The Financial Wellness and Engagement division of MetLife is committed to helping people understand their options and confidently make progress in their financial lives.
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates ("MetLife"), is one of the world's leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.
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