EverFi Launches National Network to Help Financial Institutions Better Equip Consumers and Communities for Financial Success
Washington, D.C. (April 4, 2017) –Nation’s Leading FinTech Innovator Squares Its Shoulders to Tackle Nation’s Pressing Challenges Through Network Bringing Over 750 Financial Institutions Together to Prioritize Financial Empowerment
Today, EverFi, Inc., the nation’s leading education technology innovator, announced the launch of the Financial Capability Network (FCN), a coalition of over 750 financial institutions who are committed to improving the financial capability for their consumers and communities.
“As a trusted partner and leader with nearly a decade of experience providing financial education for learners of all ages, EverFi believes that financial capability is and must be within reach for all consumers and communities, regardless of their financial means. That’s why we created a Network that empowers financial institutions by showing them how to educate their consumers to take control of their financial health,” said Ray Martinez, Co-Founder and President of Financial Education at EverFi.
Through the Financial Capability Network, EverFi convenes leading financial institutions gathering best practices that inform industry leaders how to reach consumers in a meaningful way. The Financial Capability Network facilitates understanding, sets standards, and establishes transparency that will ultimately enable individuals, families, and communities to enjoy financial security and freedom. As a part of this investment, EverFi will be unveiling Engage, a new reporting infrastructure that allows institutions to report to regulators more effectively and elevates the importance of the critical work CRA officers are doing to improve financial capability.
The FCN will focus its efforts on providing leadership that facilitates a sharing network for financial institutions who care about improving the financial capability of their consumers. The FCN will also provide access to the strongest thought leaders in the industry with regulatory and finance expertise of industry leaders including Frank Keating, Steve Bartlett, and Kurt Schindler.
“The Financial Capability Network is truly a game changer and will transform the way we empower financial institutions and convene around best practices in the most impactful way. This network is an example where its total is much greater than the sum of its parts. Together, we can empower all consumers to make smart decisions that reflect their values, goals, and potential,” said Steve Bartlett, former CEO of the Financial Services Roundtable and former member of the U.S. House of Representatives.
Consumer expectations have evolved, and they now expect more than ever from each interaction with their financial institutions. When asked why they are turning to non-traditional providers for financial services, customers rank rates and fees first, but the next four reasons all relate to perceptions of better customer experience from FinTech companies.
On April 11, 2017, EverFi will convene the largest institutions in the country at Nasdaq MarketSite in New York City for the Financial Capability Innovation Awards to recognize financial institutions for their innovation and investment in financial education and exchange best practices amongst the member organizations within the Financial Capability Network.
About EverFi, Inc.
EverFi, Inc. is the education technology innovator that empowers K-12, higher education, and adult learners with the skills needed to be successful in life. Collectively, EverFi powers more than 3,300 partner organizations across all 50 states and Canada and annually reaches 6 million learners. EverFi powers community focused financial education for over 750 banks, credit unions and insurance companies across the country.
EverFi – Senior Director of Corporate Communications