Financial Wellness news and trends

DailyPay Unveils Financial Wellness Tool for Credit Monitoring
Personal Finance // September 16, 2024

DailyPay has debuted “Credit Health,” a tool to help users monitor their financial wellness. Announced Monday (Sept. 16), the offering is integrated into the earned wage access (EWA) company’s app, letting users stay on top of their credit status. The company said the need for...

Cautionary ‘Tale of Two Consumers’ Dials Up Personalized Approach to Financial Wellness
Personal Finance // April 30, 2024

Not all that long ago, as Doug Brown, chief product officer, NCR Voyix Digital Banking, observed, credit unions and banks had a rather simple approach to financial wellness. The old-school playbook, pre-COVID-19 and before the great digital shift, he told PYMNTS’ Karen Webster, went something like...

Regions Bank Launches Programs to Promote Financial Literacy
Banking // March 25, 2024

Regions Bank is launching education programs to coincide with Financial Literacy Month in April. The effort, announced in a Monday (March 25) press release, will include online seminars, events at branches and chances for consumers to get free personalized advice for creating and monitoring financial goals through the Regions...

PSCU/Co-Op Solutions Combination Creates Innovation ‘Aggregator’ for Credit Unions
Credit Unions // February 21, 2024

Mergers are born of the principle that a combination of enterprises is greater than the sum of the respective parts. Chuck Fagan, president and CEO of PSCU/Co-op Solutions, told Karen Webster that PSCU’s combination with Co-op Solutions will create an end-to-end aggregator of digitally enhanced...

Interviews & Exclusives
Financial Stress Can Become Moment of Engagement for Community Banks  

October 16, 2024
There’s no shortage of static when it comes to financial advisors with wellness advice these days. Social media feeds, banking apps, 24-hour news channels and podcasts are all crowded by influencers, experts and a never-ending deluge of what it takes to be financially secure. In the meantime, inflation’s still a force to be reckoned with, […]

Cautionary ‘Tale of Two Consumers’ Dials Up Personalized Approach to Financial Wellness

April 30, 2024
Not all that long ago, as Doug Brown, chief product officer, NCR Voyix Digital Banking, observed, credit unions and banks had a rather simple approach to financial wellness. The old-school playbook,...

Issuers, Take Note: Consumers Consider Transaction Monitoring Mandatory

May 12, 2023
Consumers are leaning on credit monitoring features to manage their finances — and they may switch providers for these tools.  Inflation may be slowing down somewhat, but consumers are still scraping by as...

Gen Z, Millennials Use Credit Cards 30% More Than the Average Cardholder

May 09, 2023
Inflation is pushing credit card spending to new heights as consumers increasingly use cards to pay for daily expenses. PYMNTS’ latest study reveals that one-third of United States cardholders increased...

Quick Reads
DailyPay Unveils Financial Wellness Tool for Credit Monitoring

September 16, 2024
DailyPay has debuted “Credit Health,” a tool to help users monitor their financial wellness. Announced Monday (Sept. 16), the offering is integrated into the earned wage access (EWA) company’s app, letting users stay on top of their credit status. The company said the need for credit monitoring is more relevant than ever, with 77% of […]

Regions Bank Launches Programs to Promote Financial Literacy

March 25, 2024
Regions Bank is launching education programs to coincide with Financial Literacy Month in April. The effort, announced in a Monday (March 25) press release, will include online seminars, events at branches and chances...

Kashable Raises $25.6 Million for Employer-Based Lending Tool

January 18, 2024
FinTech platform Kashable has raised $25.6 million to expand its employer-based lending program. The Series B funding will help the company develop new financial wellness services and strengthen its ability to lend...

Voyant Introduces Wealth Management Tool for Enterprise Customers

November 09, 2023
Wealth management solutions provider Voyant has debuted a tool for its enterprise clients. Voyant Wellness, announced Thursday (Nov. 9), is a “module-based solution” that lets companies offer clients tools to help them plan...