Financial Wellness news and trends

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...

Kashable Raises $25.6 Million for Employer-Based Lending Tool
Investments // 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 to employees “across the credit spectrum,” Kashable said in a news release Thursday (Jan. 18).  “In a...

Voyant Introduces Wealth Management Tool for Enterprise Customers
Personal Finance // 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 their financial futures. “Financial wellness begins by providing people personalized services designed to meet their...

Interviews & Exclusives
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, pre-COVID-19 and before the great digital shift, he told PYMNTS’ Karen Webster, went something like this: “Put your money here — and put it in […]

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...

Credit Unions Set Sights on Financial Wellness for 2022

December 28, 2022
For credit unions, helping consumers achieve financial wellness will be top-of-mind in 2023. But as Yvonne Stelpflug, senior vice president of Advisors Plus Consulting at PSCU, told PYMNTS, CUs will...

Quick Reads
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 for consumers to get free personalized advice for creating and monitoring financial goals through the Regions Greenprint experience. “For Regions, it’s a back-to-basics approach that blends personalized […]

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...

Truist Invites Clients to Play Financial Wellness ‘Long Game’

May 18, 2023
Truist’s Foundry startup has an app that rewards users for building healthy financial habits. Dubbed “Long Game,” the mobile app gives Truist clients the chance to earn monetary rewards for their...