NEW YORK—(BUSINESS WIRE)— 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 implementation 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.
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.
MoneyLion’s affiliate, ML Wealth LLC, is a Registered Investment Advisor with the SEC. 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.