FinTech Startup Financial Life is Giving Americans a New Way to Stop Living Paycheck to Paycheck
More Americans are in debt than ever. Financial Life is stepping in to help reverse the course.
Connecticut, United States – July 31, 2019 /MarketersMedia/ —
With the percentage of workers in American workers rising to nearly 80 percent (78 percent) who say they are living paycheck to paycheck. Entrepreneur Ryan Brennan saw the immediate need to develop technology to help people better plan for their financial future.
His company Financial Life is creating new financial technology (FinTech) software that analyzes a consumer’s financial health. Their software also learns about a user’s credit score, verifies credit reports, and gives personalized insights into a person’s overall financial well-being.
By analyzing a consumer’s spending habits their Financial Health Assessment enables people to understand where they need help and offers them personalized recommendations for improvement.
In addition to their personalized advice, Financial Life offers a high yield savings account to help consumers save money with the markets most competitive rates while also giving them the peace of mind of knowing everything FDIC-insured.
Financial Life partners with the regional bank institution to create their user’s FDIC-insured accounts putting them on a path to begin growing their savings month over a month instead of living paycheck to paycheck.
Banks have a need to grow deposits and working with Financial Life gives them the opportunity to do that without taking on the cost of additional people or branches. Working with Financial Life also gives them the ability to replace super-expensive deposits.
You can go here to gain early access and begin taking charge of your financial health.
Contact Info:
Name: Ryan Brennan
Email: Send Email
Organization: Financial Life
Website: https://askfinli.com
Source: MarketersMedia
Release ID: 88902951
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