BM Technologies, Inc. (NYSE: BMTX) Marks Financial Literacy Month by Highlighting its Mission to be Financially Empowering
April 27 2021 - 10:47AM
BM Technologies, Inc. (NYSE American: BMTX, BMTX.W), one of the
largest digital banking platforms in the country, is marking
Financial Literacy Month by highlighting its mission to be
financially empowering. Launched in January 2015, BM Technologies
(BMTX), formerly known as BankMobile, provides a digital-first
banking experience that is simple, affordable and
consumer-friendly. The company serves over two million account
holders and offers robust money management tools, financial
wellness services and a scholarship program.
“Since day one, our focus has been on financial empowerment and
we are commemorating Financial Literacy Month by reflecting on the
services we provide to help our customers,” stated Luvleen Sidhu,
Chair, CEO and Founder of BM Technologies (BMTX). “Our top priority
will always be to build a banking experience that promotes
financial stability.”
BM Technologies (BMTX) offers a variety of financially
empowering tools and services including:
- Passport: The company serves students through BankMobile
Vibe and Passport is the account’s recognition program where
users earn stamps for smart money management, academic achievement
and good financial behavior. Every stamp earned also gives them an
entry into the Student Success Sweepstakes for a chance to win
prize money put toward paying off their student loan debt.
Approximately 1,420,000 customers are currently enrolled or
participating in Passport. Since the launch of the Passport program
and sweepstakes in 2015, BM Technologies (BMTX) has awarded
customers a total of over $200,000.
- Scholarship: BM Technologies (BMTX) has an Annual
Financial Empowerment Scholarship, which was also started in 2015
and rewards students who understand the important role that
financial empowerment plays in life.
- Financial Wellness Solution: The company has a
partnership with Prudential Financial, Inc. to provide a
full-service financial wellness solution to its Workplace
Banking and BankMobile Vibe checking account customers. The
solution provides customers with a financial wellness assessment to
explore how they are spending, planning and protecting their money
and assets. The platform also gives tips on how to gain
peace-of-mind with saving and spending.
- Blog and Social Media: BM Technologies (BMTX) has a
Financial Wellness Blog, which is a one-stop-shop for financial
inspiration and motivation featuring articles and advice. The
company also offers financial tips and tricks on its social media
platforms.
- Webinar: The company is hosting a webinar in honor of
Financial Literacy Month called: “Is Your Financial House In
Order?” on Tuesday, April 27, 2021 at 1:00 PM EDT. During the
session, BM Technologies (BMTX) and Prudential Financial, Inc. will
discuss the following topics: saving for the future, protecting
your assets, preparing for retirement and more.
- Additional Features: BM Technologies’ (BMTX) accounts
have a multitude of additional features including: interest-bearing
accounts; access to more than 55,000 fee-free Allpoint® ATMs; early
payday; robust mobile apps; and credit such as personal loans and
credit cards.
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About BM Technologies, Inc. (BMTX)
BM Technologies, Inc. (NYSE American: BMTX, BMTX.W) is among the
largest digital banking platforms in the U.S., providing access to
checking and savings accounts, personal loans, credit cards, and
financial wellness. It is focused on technology, innovation,
easy-to-use products, and education with the mission of being
“customer-obsessed” and creating “customers for life.” The BM
Technologies (BMTX) digital banking platform employs a
multi-partner distribution model, known as “Banking-as-a-Service”
(BaaS), that enables the acquisition of customers at higher volumes
and substantially lower expense than traditional banks, while
providing significant benefits to its customers, partners and
business. BM Technologies (BMTX) currently serves over two million
account holders and provides disbursement services at approximately
725 college and university campuses (covering one out of every
three college students in the U.S.). BM Technologies, Inc.
(BMTX) is a technology company and is not a bank, which means it
provides banking services through its partner banks. More
information can also be
found at https://ir.bmtxinc.com/.
Kati Waldenburg
BM Technologies, Inc. (BMTX)
2128053014
kwaldenburg@rubensteinpr.com
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