Amboy Bank Selects Spiral to Empower People and Businesses to Support Local Charities Through Everyday Banking
May 21 2024 - 8:42AM
Business Wire
Amboy adds Spiral to allow customers to
effortlessly support their communities by supporting local
charities through the convenience of everyday purchases and their
digital banking accounts.
Spiral, the award-winning Impact-as-a-Service™ platform for
financial institutions, today announced a partnership with Amboy
Bank, a leading bank renowned for its strong customer focus and
dedication to philanthropy. This partnership will enable Amboy Bank
to amplify customer engagement and grow deposits through new
digital experiences embedded within Q2's Digital Banking Platform
that turn everyday purchases into local impact, introduce an online
Giving Center, and offer tax-deductible donor-advised funds.
By adding Spiral's Everyday Impact™, customers and businesses of
Amboy Bank are now empowered to round up their everyday purchases
to support their favorite causes, directly benefiting local
nonprofits in Central New Jersey and community initiatives, such as
alleviating hunger, improving affordable housing, and fostering
education. In addition, Amboy Bank’s new Giving Center enables
account holders to easily donate to their preferred charities
directly from their online bank accounts. This innovative Giving
Center also allows customers and businesses to create a
personalized portfolio of causes, track their charitable impact,
and receive a donation report for tax purposes.
"We're excited to elevate our digital banking experience, making
it easier and more engaging for our customers to support nonprofits
and give back to their community through everyday banking," said G.
Gregory Scharpf, President & CEO at Amboy Bank. "We’re proud to
help our community and customers to make a significant, positive
impact they can feel great about."
By integrating with Spiral, Amboy Bank drives awareness and
digital donations directly from the bank’s customer base to local
charities. It also creates positive change in their community
through fundraising campaigns, donation matching, and
community-wide events.
"Amboy Bank has a long history of making a positive impact on
their local community, spearheaded by their leadership, and we're
happy to support their efforts to take this to the next level
through Spiral's innovative solutions," said Shawn Melamed, CEO and
Co-founder of Spiral. "We are proud to help community financial
institutions enhance their local impact and drive deposits from
socially conscious consumers and businesses — all while leading
positive change."
Spiral’s turnkey solutions integrate with leading digital
banking providers and core systems. To learn more about Spiral’s
platform, please click here.
About Spiral
Headquartered in New York City, Spiral is the award-winning
Impact-as-a-Service™ platform that enables banks and credit unions
to grow deposits and attract new accounts through community impact
and financial wellness. With Spiral, financial institutions can
positively impact the lives of their account holders and their
communities through any online bank account, debit card, or credit
card. Thus, Spiral makes it simple for financial institutions to
drive positive change and empower millions of customers and
businesses to contribute to a better world.
Spiral is spearheaded by fintech serial entrepreneur Shawn
Melamed, a former Managing Director of Morgan Stanley's Technology
Business Development and Innovation Offices. Their mission-driven
team has deep banking, nonprofit, and fintech expertise, including
Jim Rosenthal, the former COO of Morgan Stanley, who is part of
Spiral's board. Spiral is backed by Team8, Euclidean Capital,
Intuition Fund, Communitas Capital, Phoenix, Nidoco AB, MTVO,
Curql, ICBA, and more. To learn more, visit Spiral.us.
About Amboy Bank
Established in 1888 by eight prominent businessmen in South
Amboy, NJ, Amboy Bank has remained committed to helping the people
and businesses throughout Central New Jersey to improve their
financial well-being. With a long-standing reputation for being a
fair, reputable institution that provides a safe place for people
to deposit money and receive loans for purchasing homes and other
necessities, Amboy Bank proudly continues this tradition today.
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