Fintech startup Finch launches hybrid checking and investing app

The fintech company Finch has gone live with an app that’s half digital checking, half digital investing.

Its goal is to lower the barriers to investing for consumers between the ages of 25 and 35.

“Three out of five don't invest,” said Neel Ganu, founder and CEO of Finch. “A lot of them are particularly jaded from the financial crisis and not putting their money to work. The really good news is they are a long way out to retirement, and they have time to turn the ship around and start investing.”

Finch offers a checking account through a partner bank, Evolve Bank & Trust, that has Federal Deposit Insurance Corp. coverage. It provides a brokerage account through Apex Clearing Corp., which has Securities Investor Protection Corporation insurance.

“We are a software company, and we stitch these two accounts together in a super seamless way so that people can start investing and put their money to work,” said Ganu, who previously had been the first employee of the German challenger bank N26 and had worked at National Australia Bank and Fidelity Investments.

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Finch Helps Millennials Turn Their Checking Account Into An Investment Vehicle

Millennials are jumping into the stock market in greater numbers. However, there’s still a sizable segment of Millennials who are afraid of or do not understand investing, therefore they keep their money out of the market. The missed monetary gains of these uninvolved Millennials could mean the difference between retiring or not retiring at all. Instead, this fearful segment of the Millennial generation keep their money safe in a checking account. Neel Ganu realized the money sitting in a checking account should be put to work earning you money, since the interest returns from a bank are nil compared to stock market returns. He and his team created Finch. Finch is a consumer fintech company providing financial accounts to invest your checking account balance on your behalf. The startup is located in Cambridge, Massachusetts.

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Collected But Neglected: Data Could Save The Travel Industry

The travel industry has not bounced back from COVID-19 the way many of us hoped. As Warren Buffet said of crises, “Only when the tide goes out do you discover who's been swimming naked.” Despite some notable exceptions, the travel industry looks more naked than Tom Hanks marooned on a Pacific beach in Castaway.

Pre-COVID, travel, tourism and hospitality was one of the world’s largest industries and employers at about 10 percent of global GDP. No matter where your company sits on the value chain, you must be asking yourself: How do we survive this? How do we come back stronger?

After cutting costs and maintaining operations, the quest for new revenue opportunities is paramount. The greatest such opportunity is right under your feet, hidden in the data you already own. “There’s gold in them thar hills,” as Mark Twain put it.

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Myagi releases new mobile app to make sales associates ‘customer-ready’

Available for both Apple iOS and Android devices, the new app aims to help customers in the bike industry and beyond ensure their sales channels are ‘customer-ready’.

Key new features include:

– Team Chat – A chatroom where staff can share information and stay up-to-date with the rest of their team
– Mobile Sign-Ups – So sales associates can gain access to training, updates and information instantly via a personalised URL
– Leaderboards – Tracking points learners earn for completing content so they can watch their progress, level up and compete with coworkers
– Universal Search – To make finding the most important content a breeze while in the sale

Sales associates can also browse trending content and view badges and product discounts they’ve earned while on the go using the app.

“Myagi’s mission is to help ensure staff along the commerce supply chain are customer-ready all the time, by getting the right knowledge, to the right places, at the right times,” said a statement. “Through engaging and practical content from suppliers, Myagi transfers enthusiasm about brands and products to staff to prepare them to deliver incredible customer experiences and drive sales.”

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DailyPay Honored as Fintech Company of the Year and Gold Standard in On-Demand Pay Industry at IMA IMPACT 20 Virtual Conference

SAN CLEMENTE, Calif., Oct. 26, 2020 /PRNewswire/ --  DailyPay, the recognized leading on-demand pay provider garnered dual honors as Fintech Company of the Year and Gold Standard in On-Demand Pay Industry during the recent IMPACT 20 virtual conference hosted by the Internet Marketing Association. The IMPACT Awards exemplify best-in-class creativity, expertise and results achieved by the top practitioners of internet marketing across every business segment.

DailyPay works with 80% of Fortune 100 companies that use on-demand pay and has created a distinctive ecosystem with the most advanced, modern technology stack in the industry. DailyPay delivers the most secure, compliant and seamless on-demand pay benefit in the rapidly growing marketplace.

The company also has become a sought-after thought leader in this space through their proprietary DailyPay "Rehire Index" as well as commissioning polls to gather industry data for gauging the current state of personal finance as well as for helping guide employers in providing valuable employee benefits.

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