Post Tagged with: "Social Money"

Q2 Buys Social Money for $10.6M as Fintech M&A Boils

Q2 Buys Social Money for $10.6M as Fintech M&A Boils

by December 3, 2015 at 12:28 pm 0 comments

Q2 is buying up Silicon Prairie. Q2 Holdings, the parent of bank software provider Q2, announced Tuesday it had acquired Des Moines, Iowa-based Social Money, best known for its SmartyPig savings product. In July, Q2 acquired Lincoln, Neb.-based Centrix, a maker of fraud detection technologies, for about $20 million. InRead More

Social Money Explores Microsavings in India

Social Money Explores Microsavings in India

by March 12, 2015 at 11:47 am 1 comment

You’ve heard of micro loans, but how about microsavings? In a pilot program to start later this year, Des Moines, Iowa-based Social Money is looking to help underserved customers in India save money with the use of its CorePro core banking software. The effort is funded by a grant fromRead More

Mobile Banking Will Have 2 Billion Users by 2030, Says Bill Gates

by February 6, 2015 at 10:45 am 2 comments

Bill Gates, co-chair of the Bill & Melinda Gates Foundation, is bullish on mobile banking. A “low-cost digital debit card,” he said, along with the proper safeguards and reasonable fees, could transform the lives of billions of people who now lack access to basic banking services. Earlier this week, he toldRead More

Social Money’s New Savings Tool Already Gaining Customers

Social Money’s New Savings Tool Already Gaining Customers

by October 10, 2014 at 3:47 pm 0 comments

There’s no secret how challenging it is to make money off of low-balance, “free-checking” customers. (Just ask M&T.) But Social Money‘s president, Scott McCormack, thinks he has a pretty good solution under his roof, and soon he’ll have the clients to prove it. One client is slated to sign ontoRead More

2014 Innovators to Watch: 9 to 15

2014 Innovators to Watch: 9 to 15

by July 1, 2014 at 11:20 am 1 comment

9. Scott McCormack, President, Social Money  Social Money is a fintech startup with a number of products, including SmartyPig — an innovative take on that peskiest of financial products, the savings account. With a social take on savings and goals — sharing them with friends — Social Money is aRead More

How Any Company Can Now Become a Bank

How Any Company Can Now Become a Bank

by April 29, 2014 at 11:20 am 0 comments

A newly unveiled service now lets any company offering “banking.” Prepaid player Synchology and savings platform provider Social Money have come together to offer a bank-like product that brands can sell to their customers. The “integrated financial services product” features a Visa prepaid debit account, goal-based savings, a rewards programRead More

10 Big, Hairy Innovation Ideas from Bank Innovation 2014

10 Big, Hairy Innovation Ideas from Bank Innovation 2014

by March 13, 2014 at 9:44 am 1 comment

Dozens of ideas came out of Bank Innovation 2014, which spanned two days earlier this month and contained 12 sessions about cutting-edge financial innovation, as evidenced by the discussion around the event on Twitter at the hashtag #BI14. So which of the ideas should not be ignored? We’ve highlighted the 10Read More

Prepaid Cards Get a Savings Account

Prepaid Cards Get a Savings Account

by October 3, 2013 at 11:50 am 3 comments

It’s been very common to say that prepaid cards resemble checking accounts more and more. From issuing checks to setting up bill pay, there’s little difference between these cards and checking accounts. Now, prepaid cards can offer savings accounts, too. CorePro was introduced today. The product from Social Money, a startup thatRead More

2013 Innovators to Watch: 30 to 35

2013 Innovators to Watch: 30 to 35

by June 13, 2013 at 10:56 am 1 comment

31. John Schulte, CIO, Mercantile Bank of Michigan What, you haven’t heard of MercBank? It was only the first bank to partner with PayPal for P2P payments and Bill.com for billpay. Schulte is a believer that banks must partner with startups to succeed, and further believes that community banks’ freedomRead More