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Better.com and Progrexion Announced as Winners of the COMPLY2019 Kraken Awards for Innovation and Compliance
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Better.com and Progrexion Announced as Winners of the COMPLY2019 Kraken Awards for Innovation and Compliance
The awards were announced by executives from Even Financial and PerformLine during COMPLY2019, The Compliance and RegTech Conference.   New York City, NY – May 23, 2019 – PerformLine, the organizer of COMPLY2019, the largest Compliance and RegTech event of its kind, announced the winners of the 2019 Kraken Awards in two categories: Innovation and Culture of Compliance. The highly-coveted Kraken awards presented each year at the COMPLY conference celebrate the hard work, dedication and collaboration of the industry’s most innovative and committed compliance teams.   Even Financial, sponsor of the Kraken Innovation Award, together with PerformLine, reviewed and judged submissions prior to the conference and awarded the winner live on stage. Ahead of the Kraken Award Presentations, CEO of Even, and PerformLine client, Phillip Rosen, spoke to the significance of innovation, “Innovation is how you tackle these big challenges, how you make the previously impossible things possible.” Rosen went on to explain the qualities they looked for in the award winner including innovating to solve for challenges due to compliance and regulation issues and the value of using technology in a unique way to solve those challenges, segueing right into the presentation of the first award.   The 2019 Kraken Innovation Award presented by Even went to Better.com, one of the fastest growing home finance disruptors in the U.S. Better leverages machine learning and AI to digitize and automate every step of the home financing process to make home ownership more affordable and accessible for all.   The 2019 Kraken Culture of Compliance Award presented by PerformLine went to Progrexion, the leading technology-enabled consumer services business in Credit Repair. Progrexion, a long-time client of PerformLine’s, has grown their business exponentially over the last 3 years. “Through this commitment to compliance, not only have they [Progrexion] drastically expanded their monitoring scope, but they have also created operational efficiencies,” said Chief Customer Officer at PerformLine, Mike Polavieja.   COMPLY2019, the leading Compliance and RegTech conference hosted annually by PerformLine brings together compliance professionals, marketing executives, sales leaders, legal experts, innovators, investors and regulators for 2 jam-packed days of learning, networking and fun. It’s never too early to pre-register for COMPLY2020, taking place May 2020 in New York City. Sign up for more information https://lp.performline.com/comply-2020-pre-register.     ABOUT EVEN FINANCIAL Founded in 2015, Even Financial, an NYC based FinTech company, is the leading search, comparison and recommendation engine for financial services. Even provides essential infrastructure for financial institutions and channel partners – including TransUnion, Credit.com and The Penny Hoarder – to connect consumers with personalized products (loans, deposits, credit cards and more), utilizing its robust yet simple API. Even is proven to lower the cost of acquisition, improve monetization, monitor compliance and deliver transparency at scale. The Even platform serves as a trusted intermediary for financial institutions – including Prosper, LendingClub and Marcus by Goldman Sachs – that finds consumers through its vast network of channel partners and distributes their products digitally. For more information, visit https://evenfinancial.com.   ABOUT PERFORMLINE 
PerformLine is the only RegTech solution that empowers leaders with a first-line of defense solution to mitigate risk across major consumer touchpoints: digital, voice, chat, email and social. By combining scalable tools and intelligent automation into one integrated platform, PerformLine creates a clear path to discover, monitor, act on, and mitigate regulatory risk and ensure brand safety. The PerformLine SaaS platform features full workflow capabilities, real-time analytics, remediation, and monitoring while providing clients with significant time and costs savings by automating compliance activities across channels and departments. For more information, visit http://www.PerformLine.com
BENZINGA: Regtech Firm PerformLine Gets The Spotlight In New Partnership With Even Financial
BENZINGA
BENZINGA: Regtech Firm PerformLine Gets The Spotlight In New Partnership With Even Financial
Check out this great article from Benzinga about the new partnership between Even and PerformLine, strengthening our compliance and regulation monitoring efforts.  
Even Financial partners with PerformLine to strengthen its compliance monitoring capabilities
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Even Financial partners with PerformLine to strengthen its compliance monitoring capabilities
New York, NY – January 29, 2019 – Even Financial, the leading search, comparison and recommendation engine for financial services, announced today that it is partnering with PerformLine, a RegTech company, to strengthen its compliance monitoring efforts. PerformLine provides companies across the financial sector with a comprehensive marketing and sales compliance oversight solution to mitigate those risks. By leveraging PerformLine’s SaaS platform, Even will get proactive compliance coverage across the channels where it interacts with consumers. “As a marketer of financial products, Even must adhere to lending regulations and maintain compliance throughout our entire partnerships network,” said Phillip Rosen, Co-Founder and Chief Executive Officer of Even. “PerformLine’s robust platform is incredibly advanced and its turnkey, programmatic solution seamlessly compliments our needs. This partnership will save us time and allow us to focus on growth and further development of our API.” “Compliance is a crucial but tedious aspect of financial services,” said Alex Baydin, Founder and Chief Executive Officer of PerformLine. “As Even continues to grow its distribution through many partners, maintaining effective compliance monitoring practices will become ever more critical. Even has an incredibly strong partnerships network, and we see this collaboration as a win and opportunity for both companies.” Rosen and PerformLine Vice President, Chris Dessi, are speaking at LeadsCon, a performance marketing conference, on March 6th in Las Vegas. Their session, “How to Endure the Challenges of Today’s Regulations with Tech”, will address the future of regulatory compliance and how highly regulated industries can effectively utilize technology in their compliance processes. Through its platform, Even enables a wide range of over 200 partners – companies like Credit.com, The Penny Hoarder, Transunion and Empower – to connect and monetize their audience with optimal product recommendations and real-time decisions from financial institutions, such as Prosper, LendingClub and Marcus by Goldman Sachs. About Even Financial Founded in 2015, Even Financial, a NYC based FinTech company, is the leading search, comparison and recommendation engine for financial services. Even provides essential infrastructure for financial institutions and channel partners to connect consumers with personalized products (including loans, deposits and more), utilizing its robust yet simple API. Even is proven to lower the cost of acquisition, improve monetization, monitor compliance and deliver transparency at scale. The Even platform serves as a trusted intermediary for financial institutions – including Prosper, LendingClub and Marcus by Goldman Sachs – that finds consumers through its vast network of channel partners and distributes their products digitally.
For more information, visit https://evenfinancial.com. About PerformLine 
PerformLine is the leading RegTech company delivering automated sales and marketing compliance solutions to mitigate regulatory risk and ensure brand safety. Its cloud-based platform empowers enterprises with the intelligence, insights, and tools needed to mitigate risk across all consumer interactions channels including web, voice, chat, and email. PerformLine provides its clients with significant time and costs savings by automating compliance activities across channels and departments. For more information, visit www.PerformLine.com or follow PerformLine on Twitter and LinkedIn.   Media Contact: Cristina Martinez Prosek Partners for Even Financial cmartinez@prosek.com (646) 818-9215
Even Financial wins ‘Best Loan Broker for Young Adults’ as part of MU30’S 2019 Awards for the ‘Best Financial Products on the Market’
MONEY UNDER 30
Even Financial wins ‘Best Loan Broker for Young Adults’ as part of MU30’S 2019 Awards for the ‘Best Financial Products on the Market’
Best Loan Broker for Young Adults Award New York, NY – January 21, 2019 Even receives the ‘Best Loan Broker For Young Adults’ award from Money Under 30 2019 Awards. #MU30Awards2019 ‘Shopping for a personal loan can be overwhelming, with dozens of different companies all with different rates, fees and terms. You can streamline your shopping process and head straight to the lender with the best rate for your credit profile by using a loan broker like EVEN Financial. We like EVEN because of their large network of partner lenders and easy-to-use comparison tools.’ Read more at: https://www.moneyunder30.com/mu30s-awards-for-the-best-financial-products-on-the-market To learn more about Even Financial, please visit: www.evenfinancial.com.
Even Financial Appoints Nadine Murray as Senior Vice President of Strategy, from her role as Vice President of Digital Marketing at J.P. Morgan Chase
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Even Financial Appoints Nadine Murray as Senior Vice President of Strategy, from her role as Vice President of Digital Marketing at J.P. Morgan Chase
Senior financial institution veteran of Chase, Citibank and American Express joins NYC-based fintech with leading search engine for financial services acquisition New York, NY – December 10th, 2018 – Even Financial, the leading search, comparison and recommendation engine for financial services, announced today that Nadine Murray has joined the team as Senior Vice President of Strategy. She joins Even from J.P. Morgan Chase, where she served as Vice President, leading digital marketing and acquisition programs for the consumer bank. In her new role, Nadine will work closely with Even’s FI partners, drive strategic planning for Even’s value proposition and spearhead expansion into new consumer financial product verticals. Murray brings over 15 years of experience leading strategy and execution of digital marketing programs at J.P. Morgan Chase, Citibank and American Express. During that time, she has been at the forefront of driving innovation in digital acquisition across the full range of consumer financial services. “We’re thrilled to have Nadine join our team as we continue to expand the success we’ve achieved with our core personal loans API,” said Phillip Rosen, Co-Founder and Chief Executive Officer of Even. “Our mission is to bring any financial services product traditionally delivered by a bank branch into our API to facilitate omnichannel acquisition, and we’re confident that Nadine is the right person to help us accomplish this.” “Even has achieved tremendous growth, particularly over the past year,” said Murray. “I am excited to help Even accelerate its plans to power API-based acquisition across the financial services industry.” Even recently appointed several other notable new hires, including Weifang Zhu as Vice President of Strategic Growth, and Bethany Patterson as Vice President of Partner Solutions. Zhu joins Even from Barclays, and Patterson comes from Index Exchange. Through its platform, Even enables a wide range of over 150 partners – companies like Credit.com, The Penny Hoarder, Transunion and Empower – to connect and monetize their audience with optimal product recommendations and real-time decisions from financial institutions, such as Prosper, Lending Club and Marcus by Goldman Sachs. About Even Financial Founded in 2015, Even Financial, an NYC based fintech company, is the leading search, comparison and recommendation engine for financial services. Even provides essential infrastructure for financial services and channel partners to connect consumers with personalized products, utilizing its robust yet simple API. Even is proven to lower the cost of acquisition, improve monetization, monitor compliance and deliver transparency at scale. The Even platform serves as a trusted intermediary for financial institutions – including Prosper, Lending Club and Marcus by Goldman Sachs – that helps find consumers through its vast network of channel partners and distribute their products digitally. To learn more about Even Financial, please visit: https://evenfinancial.com. Media Contact: Cristina Martinez Prosek Partners for Even Financial cmartinez@prosek.com (646) 818-9215
Even Financial to Acquire Birch Finance
TECHCRUNCH
Even Financial to Acquire Birch Finance
NEW YORK, Oct. 30, 2018 — Even Financial (“Even”), the leading search, comparison and recommendation engine for financial services, announced today that it is acquiring Birch Finance (“Birch”), an award-winning personal finance app that helps everyday consumers find the best credit cards and optimize their rewards. Birch is a San Jose-based technology startup that offers a mobile and web application that makes finding the right credit cards painless. Its core recommendation engine analyzes a user’s real transaction history and compares it against hundreds of credit cards and their respective reward programs to determine the optimal set of cards that individuals should have in their wallet. Birch compares over 200 of the top credit cards to provide unbiased recommendations. The company has received several awards, including “Best in Show” at FinCon’s FinTech Startup Competition last year, and was featured at TechCrunch Disrupt. “The credit card market continues to expand with millions of consumers opening up hundreds of different types of credit cards every year for countless reasons,” said Phillip Rosen, Chief Executive Officer and Co-Founder of Even Financial. “Birch already has one of the largest credit card databases and their technology perfectly complements our existing platform as we expand our offering to the credit card space. This acquisition will allow our partners to optimize the process of getting the right cards to the right consumers.” Even provides essential infrastructure for financial services and channel partners to connect consumers with personalized products, utilizing its robust yet simple API. Even is proven to lower cost of acquisition, improve monetization, monitor compliance and deliver transparency at scale. Through its platform, Even enables a wide range of over 150 partners – companies like Credit.com, The Penny Hoarder, Transunion and Empower – to connect and monetize their audience with optimal product recommendations and real-time decisions from financial institutions, such as Prosper, Lending Club and Marcus by Goldman Sachs. Even’s platform works by evaluating consumers on a rich set of criteria to determine the ideal financial product fit. Consumer data is sourced, verified and enhanced by machine learning to create a robust profile that allows financial institutions to easily match consumers in real-time to the optimal product for their needs. This reduces their acquisition cost and simultaneously increases their supply of qualified consumers with greater monetization. Even will leverage Birch’s award-winning, consumer-facing app to build industry-leading customer acquisition technology in the credit card market. Even’s existing partner distribution network will allow the combined company to save on consumer acquisition while simultaneously scaling its credit card recommendation technology. “We saw a clear synergy with Even’s business strategy and growth plans, and I’m thrilled to join Even’s team as we expand and scale our offerings into new areas,” said Alex Cohen, Chief Executive Officer of Birch Finance. Effective immediately, Mr. Cohen will assume the role of Senior Director, Credit Card Marketplace, Even Financial. This is another milestone in the fast growth of Even. In August, the company announced an $18.8 million Series A funding round Led by GreatPoint Ventures. American Express Ventures, Goldman Sachs, NerdWallet co-founder Jacob Gibson and Jason Owen, Senior Vice President and General Manager at Credit.com are some of the notable investors working with Even. About Even Financial
Founded in 2015, Even Financial, an NYC based fintech company, is the leading search, comparison and recommendation engine for financial services. Even provides essential infrastructure for financial services and channel partners to connect consumers with personalized products, utilizing its robust yet simple API. Even is proven to lower the cost of acquisition, improve monetization, monitor compliance and deliver transparency at scale. The Even platform serves as a trusted intermediary for financial institutions – including Prosper, Lending Club and Marcus by Goldman Sachs – that helps find consumers through its vast network of channel partners and distribute their products digitally. To learn more about Even Financial, please visit: https://evenfinancial.com. Media Contact:
Cristina Martinez
Prosek Partners for Even Financial
cmartinez@prosek.com
(646) 801-3984 SOURCE Even Financial Related Links https://birchfinance.com/ Read more at: https://techcrunch.com/2018/10/30/even-financial-acquires-birch-finance-a-credit-card-rewards-startup/
Even Financial Secures $25 Million in Capital Raise
EVEN
Even Financial Secures $25 Million in Capital Raise
Series A Round Led by GreatPoint Ventures Totals $18.8 Million   New York, NY — August 7, 2018 — Even Financial (“Even”), a fintech company that is evolving the consumer financial services ecosystem with its leading recommendation engine and acquisition platform, announced today that it has raised $18.8 million in Series A funding led by GreatPoint Ventures. The round includes participation from Goldman Sachs, Canaan Partners, F-Prime Capital, Lerer Hippeau and notable investors, including NerdWallet co-founder Jacob Gibson and Jason Owen, Senior Vice President and General Manager at Credit.com. The Series A financing includes a previously announced investment of $3.3 million secured in January from American Express Ventures, Arab Angels, Plug and Play Ventures and Valuestream Ventures. The Series A comes after Even’s $6.2 million seed round, totaling $25 million in funding for the company to date. The new funds will be used to continue to accelerate growth and tackle new product verticals, including deposits, credit cards and mortgages.   Even’s recommendation API acts as a trusted intermediary between banks and third parties – such as personal finance websites, apps and points of sale – to offer optimal financial product recommendations, and has been growing rapidly over the last year. Each month, over three million consumers transact across the Even network to be matched with the right financial products.   “While the online financial services ecosystem is growing rapidly, the infrastructure for financial institutions to distribute their products digitally remains fractured and a bottleneck to growth,” said Phillip Rosen, Chief Executive Officer and Co-Founder of Even Financial. “It is challenging for financial institutions to connect with consumers, and for people to find the right financial products for their needs. The funds secured with our Series A will allow us to continue to expand our API, which fills that gap within the ecosystem.”   “We’ve been extremely impressed with Even Financial from day one,” said Mike McCormick Associate Partner at GreatPoint Ventures. “As we learned more about Even, it became clear that they are on an inside track to become a dominant player in the financial services industry.”   Even’s industry-leading search, comparison and recommendation API functions as an infrastructure layer that enables a wide range of over 150 partners – companies like Credit.com, The Penny Hoarder, Transunion and Empower – to connect and monetize their audience with optimal product recommendations and real-time decisions from financial institutions, such as Prosper, Lending Club and Marcus by Goldman Sachs.   Even’s platform works by evaluating consumers on a rich set of criteria to determine the ideal financial product fit. Consumer data is sourced, verified and enhanced by machine learning to create a robust profile that allows financial institutions to easily match consumers in real-time to the optimal product for their needs. This reduces their acquisition cost and simultaneously increases their supply of qualified consumers with greater monetization.   About Even Financial Founded in 2015, Even Financial is an NYC based fintech company focused on evolving how financial institutions connect with consumers and provide them the best product recommendations at the right moment, facilitating an on-demand and personalized customer acquisition experience across the entire financial services ecosystem. The Even platform serves as a trusted intermediary for financial institutions – including Prosper, Lending Club and Marcus by Goldman Sachs – that helps find consumers and distribute their products digitally. Even’s industry-leading search, comparison and recommendation API is an infrastructure layer that enables hundreds of diverse partners – including Credit.com, Transunion, Money Under 30, Credit Sesame and The Penny Hoarder – to power comprehensive personal finance websites, mobile apps and other offerings with a modern platform that is proven to accelerate customer acquisition through optimal product recommendations, lowering cost of acquisition and maximizing monetization.   To learn more about Even Financial, please visit: www.evenfinancial.com.   Media Contact: Cristina Martinez Prosek Partners for Even Financial cmartinez@prosek.com (646) 801-3984
Even Financial Hires President, Adds Two to Advisory Board
EVEN
Even Financial Hires President, Adds Two to Advisory Board
New York, NY, February 27, 2018 – Even Financial, the platform powering financial services online, today announced that John Ventura has joined the team as president. The company has also added two new members to its advisory board: Don Richman, former CMO at Avant, and Todd Ruppert, former president and CEO at T. Rowe Price.   In his new role, Ventura will be responsible for overseeing Even Financial’s strategic relationships in financial services, and positioning the company for continued healthy expansion. Even, which was founded in 2016, has grown 500% in the last year, and is now working with over 150 partners, including major financial institutions and marketers.   “We are fortunate to have John Ventura join our team,” said Phillip Rosen, CEO of Even Financial. “Tapping his long history in financial services and as an entrepreneur, we are confident that John will help with our continued success and capitalize on the explosion of online financial services.”   From early in his career at American Express until now, Ventura has helped financial institutions create better ways to find and serve their customers. He has vast experience building new businesses, both inside of growing technology companies including Moviefone and Doubleclick, as well as his own startups: Cashpath, a fintech innovator, and Partner Advisors, a leading financial services consulting firm.   “Even Financial brings to the market a unique and necessary technology that dramatically improves financial institutions’ ability to acquire and monetize customers,” said Ventura. “I am thrilled to join the team to help further Even’s mission and expand its relationships throughout the financial service industry.”   The additions of Richman and Ruppert to Even Financial’s advisory board gives the company an added breadth of financial services knowledge to depend on as the company expands its partnerships and technology offerings. These new advisory board members, who join Ron Suber, Jeff Stewart and Lewis Girsh, will help Even continue to bridge the gap between traditional financial services businesses and the digital world.   For more information about Even Financial, please visit: https://evenfinancial.com.     About Even Financial Even Financial is the platform powering financial services online. Our API enables partners to connect consumers with real-time decisions and quotes from premium financial service providers, while our infrastructure is proven to acquire customers at a lower cost for banks, lenders and insurers. Our tools provide the data, transparency, compliance and optimization that are essential to scaling an increasingly programmatic financial services industry.   Even works with leading financial institutions, as well as over 150 companies, to create a vast network of financial products and services with the most comprehensive breadth of omni-channel touch-points available. To learn more about Even Financial, please visit: https://evenfinancial.com.
EVEN
Even Financial Secures Strategic Investment from American Express Ventures and Other Investors
New York, NY – February 20, 2018 – Even Financial, the technology platform powering financial services online, has secured a strategic investment round totaling $3 million. The round includes an investment from American Express Ventures, the strategic investment unit of American Express, as well as Plug & Play and Arab Angels.   With this investment, Even Financial will expand its team and advance its proprietary technology, which allows financial institutions and other partners to scale customer acquisition and remain competitive in the growing online financial services industry. The core of Even Financial’s platform is its industry leading API that matches qualified consumers with the right financial products and services in real-time. This strategic round will allow Even Financial to refine and bolster this technology, in order to enhance the online financial services ecosystem.   “At Even Financial, we are committed to providing financial services providers with technology that instantly activates omni-channel customer acquisition and allows them to compete in an oversaturated environment,” said Phillip Rosen, CEO of Even Financial. “This latest strategic investment will power our continued growth, as well as support even more technology integrations.”   Even Financial’s platform provides analytics and insights that enable marketers, financial institutions and other partners to increase customer application volumes and reduce the cost of acquisition. The integrated platform is used today by some of the leading online financial institutions, as well as an affiliate network of over 150 websites and apps that market personal finance products to consumers.   “Even Financial helps financial services providers and fintech partners programmatically deliver products and services in real time to the right customers when and where it’s most effective,” said Harshul Sanghi, Managing Partner of American Express Ventures. “By providing the underlying technology for more efficient customer acquisition, Even’s platform is enabling financial institutions to broaden their reach while connecting fintech partners with a greater supply of financial institutions and their products. We’re pleased to support Even in its efforts to expand its capabilities and grow its client base.”   For more information on Even Financial and its offerings, please visit: www.evenfinancial.com.   ### About Even Financial   Even Financial is the platform powering financial services online. Our API enables partners to connect consumers with real-time decisions and quotes from premium financial service providers, while our infrastructure is proven to acquire customers at a lower cost for banks, lenders and insurers. Our tools provide the data, transparency, compliance and optimization that are essential to scaling an increasingly programmatic financial services industry.   Even works with leading financial institutions, as well as over 150 companies, to create a vast network of financial products and services with the most comprehensive breadth of omni-channel touch-points available. To learn more about Even Financial, please visit: www.evenfinancial.com Read Related Press
ADEXCHANGER
AD EXCHANGER: This Programmatic Marketplace Is Just For Financial Services Advertisers
Check out this great article from AdExchanger about our new RTP feature.
EVEN
Even Financial Creates New Marketplace, New Pricing Model to Increase Performance of In-App Advertising
Real Time Pricing (RTP) Programmatic Marketplace Enhances Monetization Strategies, Transparency and User Experience for Financial Services Advertisements       New York, NY – July 11, 2017 – Even Financial, the definitive supply-side API and platform for online consumer financial products and services, today announced the launch of its Real Time Pricing (RTP) Programmatic Marketplace. Leveraging Even Financial’s proprietary data, machine learning and predictive algorithms, the RTP technology creates a state-of-the-art marketplace with a new pricing model for in-app, online advertising and performance marketing, specifically by financial services institutions and affiliates.   RTP features are designed to enhance the user experience, monetization strategy and transparency of the online financial services advertising market. Using Even Financial’s RTP plug-in, publishers and mobile app developers can seamlessly run native, personalized financial services offers from multiple categories including lending, mortgages, credit-cards and other banking products. Central to the RTP technology is a new pricing model that offers a unique, consumer-specific payout event for each offer based on the offer and the consumer’s intent. This model is not based on traditional cost per click (CPC), but rather on an entirely new concept of predictability. This unique structure moves the payout event upstream and reduces risk for Even Financial’s partners while creating a more transparent marketplace.   For both partners and the financial institutions looking to market on those channels, this technology has created a more efficient marketplace. Publishers who have used RTP thus far, have experienced a lift in monetization of over 125%. The financial services institutions that are plugged into Even Financial’s platform have seen a closer alignment of underwriting with their advertising efforts, resulting in reduced costs and improved borrower performance.   “Even Financial’s Real Time Pricing technology is addressing some of the key challenges currently facing the financial services online advertising market, specifically with in-app placements,” said Phillip Rosen, CEO and co-founder of Even Financial. “Our pricing model revolutionizes our partners’ ability to monetize their content by leveraging our platform’s data to serve specific, tailored offers that integrate directly with account onboarding. This ultimately improves both the user experience and conversion rates, benefiting all sides of the transaction.”   RTP’s predictive technology serves specific financial products in front of the most relevant customers. This real-time strategy is based on actual, extensive user data, and pushes underwriting criteria into the decision of whether or not to serve an ad to a consumer. As opposed to static banner ads or links to generic landing pages, RTP’s proprietary algorithm serves tailored product recommendations, sourced from $3 billion worth of loan application data processed on the Even Financial platform. The impact of this design is felt on all sides of the market: it creates a better overall user experience for partners and consumers, while producing higher conversion rates for financial services institutions.   Even Financial’s RTP is currently available for integrations with both apps and websites. For more information on Even Financial and its offerings, please visit: https://evenfinancial.com.     ###   About Even Financial Even Financial is the definitive supply-side API and platform for online consumer financial products and services. Via its proprietary API, Even Financial creates real-time matches between qualified consumers with the right financial products and services at the right time, while providing transparency and reduced cost of acquisition to online finance products and services providers. Working with leading online finance institutions, as well as an affiliate network of over 100 sites and apps, Even Financial provides a holistically integrated, cutting-edge, user-friendly platform with leading back-end analytics. The Even Financial platform enables a new generation of real-time online financial products and services for both business and consumers. To learn more about Even Financial, please visit: https://evenfinancial.com.
BANKER AND TRADESMAN
MIT Brings Together Fintech, Financial Services For First-Ever Hackathon
In perhaps another sign that the conversation around fintech is shifting, MIT recently brought fintech together with traditional financial services companies in its first-ever fintech hackathon. The best overall winner, a team from Cornell University, created a product called Switch, which taps the freelance economy to sell insurance products. EVEN Financial sponsored that challenge and offered up its own application program interface (API) for contestants to use. Organizers described the end product as a micro-loan and insurance broker, with freelancer on one end, underwriter on the other, and up to 40 percent commission facilitated by EVEN Financial. As the FinTech Practice Leader at MIT’s Martin Trust Center for Entrepreneurship, Priscilla Cherie Koepke is charged with building an ecosystem of leaders, mentors, companies that are interested in fintech and student groups. This competition built upon that. “What’s unique about the MIT culture is they like hackathons and they like to hack anything and everything. It’s just a way to facilitate innovation, find new ideas and ways to challenge problems,” she said. “Within the fintech space, MIT had not yet organized a hackathon. This was a great opportunity to take those activities to the next level.”   MIT recruited TD Bank, CITI Ventures and Prudential as financial sponsors and EVEN Financial, Wipro, Flybits, Associated Press, Morningstar and Safegraph as data sponsors. TD Bank, CITI and EVEN sponsored different hack categories, posing specific challenges. For instance, how should TD communicate with its customers via mobile? Or how could CITI make a connection between its customers’ physical and financial well-being? Over 36 hours, 26 student teams worked on the challenges of their choosing. A team from MIT won the challenge posed by CITI, creating an app called CITICoach that integrates personal health data and lets users earn points for outdoor activities and nutritious food. Another team from MIT created the TD Intelligent Assistance to support call center and in-person interactions in real time. Where fintech companies were once viewed as competitors or disruptors of traditional financial services, the conversation has shifted in recent years. Financial institutions increasingly view fintech companies as potential partners, and Koepke hopes to tap into that dynamic as she organizes the next fintech hackathon, next year. She said she’s already been approached by other financial institutions who are interested in the challenge. “One of the areas about fintech that a lot of financial services companies are really embracing is the idea that some of the next great innovations are going to come from outside their institution and that’s really what the hackathon does,” she said. “We’re really excited this is an avenue where we can integrate the MIT culture together with those older institutions to chart a new path forward.” Click here to read the original story on Banker & Tradesman.

PROVEN SCALE & TRUST

700B+

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175M+

consumer profiles generated

9M+

applicants routed monthly

Awards

PRESS

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MoneyLion
MoneyLion Completes Acquisition of Even Financial, the Category Leading Embedded Finance Marketplace
NEW YORK, NY, February 17, 2022--(BUSINESS WIRE)--MoneyLion Inc. (“MoneyLion”) (NYSE: ML), the award-winning digital financial platform, has completed its acquisition of Even Financial Inc. (“Even”), the category-leading embedded finance marketplace. The acquisition strengthens MoneyLion’s platform by improving consumers’ abilities to find and access the right financial products to help them manage their financial lives through Even’s network, spanning over 400 financial institution partners and 500 channel partners and covering a breadth of financial services including loans, credit cards, mortgages, savings and insurance products. The acquisition increases MoneyLion’s distribution capabilities, diversifies its revenue composition and is expected to be accretive to MoneyLion’s earnings, with Even expected to add positive EBITDA in 2022, excluding synergies. “With this transaction, we have combined MoneyLion’s powerful first-party products and open architecture marketplace with Even’s dynamic recommendation engine and expanding partner network to broaden the range of products and services within the MoneyLion platform,” said Dee Choubey, co-founder and CEO of MoneyLion. “In doing so, we have enhanced our product leadership to position MoneyLion as a ‘must have’ consumer finance product for hard-working Americans. Together, MoneyLion and Even will improve existing consumers’ financial lives and expand our aperture to service a new segment of consumers. Together with our current capabilities, we are well positioned to advance our leading position in hyper-personalized lifestyle content and financial recommendations.” Phillip Rosen, founder and CEO of Even commented, “At Even, our vision has always been to revolutionize how consumers receive recommendations for financial services. Through a combination of machine learning expertise and our trusted user experience, Even has helped over 400 financial institution partners find and connect with consumers. Going forward, we are excited to play an integral role in powering MoneyLion’s fast-growing Marketplace and offer MoneyLion’s suite of products to our channel partners.” MoneyLion and Even have completed the first phase of their product integration, with over 60 solutions providers from Even’s network now represented in MoneyLion’s Marketplace across personal loans, life insurance, auto insurance, homeownership and other services. Even will continue to operate as an independent subsidiary of MoneyLion, led by Even’s current management team. Phillip Rosen will continue in his role as CEO of Even and will join MoneyLion’s executive committee. Evercore served as financial advisor and Davis Polk & Wardwell LLP as legal advisor to MoneyLion. Broadhaven served as financial advisor and Goodwin Procter LLP as legal advisor to Even. For additional information about the acquisition, please review the investor presentation. About MoneyLion MoneyLion is a mobile banking and financial membership platform that empowers people to take control of their finances. Since its launch in 2013, MoneyLion has engaged with millions of hard-working Americans and has earned its members’ trust by building a full-service digital platform to deliver mobile banking, lending, and investment solutions. From a single app, members can get a 360-degree snapshot of their finances and have access to personalized tools, content and offers designed to improve their financial lives. MoneyLion is headquartered in New York City, with offices in Sioux Falls and Kuala Lumpur, Malaysia. MoneyLion has achieved various awards of recognition including the 2020 Forbes FinTech 50, Aite Group Best Digital Wealth Management Multiproduct Offering, Finovate Award for Best Digital Bank 2019, Benzinga FinTech Awards winner for Innovation in Personal Finance 2019 and the Webby Awards 2019 People’s Voice Award. For more information about the company, visit www.moneylion.com. For investor information and updates, visit www.moneylion.com/investors and follow @MoneyLionIR on Twitter. About Even Financial Founded in 2014, Even digitally connects and matches consumers with real-time, personalized financial product recommendations from banks, insurance and fintech companies on mobile apps, websites and other consumer touchpoints through its marketplace technology. Even's infrastructure leverages machine learning and advanced data science to solve a significant pain point in financial services customer acquisition, seamlessly bridging financial services providers (such as SoFi) and channel partners (such as TransUnion) via its industry-leading API and embedded finance marketplaces. Even enables any company to add financial products to their business, with full compliance and security at scale. Even was named one of "America's Best Startup Employers'' by Forbes for 2021 and placed in the Top 50 of the 2020 Deloitte Technology Fast 500, which recognizes the fastest growing tech companies in the world. Learn more at www.evenfinancial.com. Forward-Looking Statements The information in this press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of financial and performance metrics and expectations and timing related to potential benefits, terms and timing of the transaction. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of MoneyLion’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of MoneyLion. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to successfully or timely consummate the proposed transaction, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed transaction; failure to realize the anticipated benefits of the proposed transaction; risks relating to the uncertainty of the projected financial information with respect to MoneyLion; future global, regional or local economic and market conditions; the development, effects and enforcement of laws and regulations; MoneyLion’s ability to manage future growth; MoneyLion’s ability to develop new products and solutions, bring them to market in a timely manner, and make enhancements to its platform; the effects of competition on MoneyLion’s future business; or, the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that MoneyLion presently knows or that MoneyLion currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect MoneyLion’s expectations, plans or forecasts of future events and views as of the date of this press release. MoneyLion anticipates that subsequent events and developments will cause its assessments to change. However, while MoneyLion may elect to update these forward-looking statements at some point in the future, MoneyLion specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing MoneyLion’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Even
Even Financial Adds Tally's Low-Interest Line of Credit to its Embedded Finance Marketplace
NEW YORK, NY, March 15, 2022 -- Even Financial ("Even"), the category-leading embedded finance marketplace and independently managed subsidiary of MoneyLion, Inc. (NYSE: ML), has announced a new partnership with Tally, a leading financial automation company, to include the company's low-interest credit offerings on its platform. "Tally has built a powerful tech-enabled system to help people solve one of the biggest financial problems today: paying off credit card debt," said Phill Rosen, Founder and CEO of Even. "We're thrilled to welcome Tally's line of credit offerings to Even's unparalleled network of financial services providers." Tally is designed to help its members pay off their debt faster and save them money on interest and late fees. Members can lower their monthly payment with Tally's lower-interest line of credit, if eligible. Typically, at least a 580 FICO score is needed. Tally's system is customized to save people as much money as possible. "Americans today owe nearly $1 trillion in credit card debt. We know from our research that many want to pay down their debt but struggle to get started. That's where Tally comes in," said Jason Huynh, VP of Credit, Analytics & Operations at Tally. "Our system combines financial automation with a low-interest line of credit to give people the help they need to get on track to pay off their credit card debt for good. We're thrilled that our partnership with Even will allow Tally to help even more people." The launch of Tally on the Even platform enables consumers to get matched with Tally's custom, low-interest line of credit accounts of up to $25,000 in just a few minutes. After getting matched, eligible consumers complete the process through the Tally app. There are no out-of-pocket costs. Tally is the latest partner to join the Even marketplace, a growing network of over 400 financial services partners and 500 channel partners covering a breadth of financial services including loans, credit cards, mortgages, savings, and insurance products. Even's marketplace technology enables any company to add financial products to its business, with full compliance and security, at scale. About Even Financial Even digitally connects and matches consumers with real-time, personalized financial product recommendations from banks, insurance carriers, and fintech companies on mobile apps, websites, and other digital touchpoints through its marketplace technology. Even's infrastructure leverages machine learning and advanced data science to solve a significant pain point in financial services customer acquisition, seamlessly bridging financial services providers (such as SoFi) and channel partners (such as TransUnion) via its industry-leading API and embedded finance marketplaces. Even enables any company to add financial products to its business, with full compliance and security at scale. Even was named one of "America's Best Startup Employers'' by Forbes for 2021 and was named to the 2021 Deloitte Technology Fast 500, which recognizes the fastest growing tech companies in the world. Learn more at www.evenfinancial.com. About Tally Tally is a consumer financial tech company pioneering full-service financial automation to help people save money, pay down their debt and reach their goals sooner. Founded in 2015, the company built the first fully automated debt manager to help put billions of dollars back in people's pockets. In 2021, Tally was named to Fast Company's Most Innovative Companies list and to Quartz's Best Companies for Remote Workers. Previously, Tally made Forbes' Next Billion Dollar Startup list, Forbes' Fintech 50 list, and the app won Real Simple's Smart Money award. Learn more at meettally.com. Media Contacts media@evenfinancial.com press@meettally.com
HAVEN LIFE
Haven Life’s All-Digital Life Insurance Application Experience Launches on Even Financial’s Leading Life Insurance Search Engine
Even features the industry's largest multi-carrier, all-digital life insurance marketplace New York, New York August 16, 2021Even Financial (Even), the leading search, comparison, and recommendation engine for financial services, has announced the launch of Haven Term and Haven Simple on its life insurance marketplace platform. Leveraging machine learning and advanced data science, Even solves a significant pain point in financial services customer acquisition by seamlessly bridging financial institutions and channel partners via its industry-leading API and embeddable solutions. With the addition of Haven Term and Haven Simple, Even has further expanded its extensive network of premium life insurance offerings, strengthening its position as the industrys largest multi-carrier, all-digital life insurance marketplace. Haven Life, which offers Haven Term and Haven Simple, and is backed and wholly owned by Massachusetts Mutual Life Insurance Company (MassMutual), is known for its customer-centric approach and for its commitment to making life insurance more affordable and accessible. Haven Lifes term life insurance offerings will be available on Even properties and via its wholly owned subsidiary LeapLife. "In these uncertain times, the majority of U.S. adults want the financial security of high-quality life insurance, but are often dissuaded by the complex application process and need to complete an in-person medical exam", said Phill Rosen, Founder and CEO of Even Financial. "Haven Life's groundbreaking, all-digital application experience brings tremendous accessibility and peace-of-mind to consumers. We're thrilled to welcome them to the Even platform." The launch of Haven Term and Haven Simple on the Even platform enables consumers to get matched with medically underwritten term life insurance policies that they can apply for and, if approved, purchase instantly online. While most Haven Term applicants will need to take a medical exam, Haven Simple applicants do not. Haven Life's offerings expand the variety of life insurance options already available to consumers through Even's API. "Haven Life is committed to meeting life insurance customers wherever they are — and often, it's where they are managing the rest of their financial life," said Wade Seward, Head of Distribution Strategy at Haven Life. "On the heels of introducing even more affordable pricing for the Haven Term product, our partnership with Even Financial allows us to marry that affordability with greater accessibility to offer comprehensive financial protection to shared clients with ease and efficiency. Even entered the life insurance industry in 2020 through its acquisition of LeapLife, a leading insurtech and licenced life insurance agency. Since that acquisition, Even has worked with its large network of channel partners to make the process of getting personalized life insurance fast, easy, and accessible for consumers. In addition to Haven Term and Haven Simple, products offered by leading insurance companies including Lincoln Financial Group, Pacific Life, and Mutual of Omaha are available through LeapLife, Even's life insurance platform. Companies such as TransUnion and Lantern by SoFi rely on Even's embedded finance marketplaces to power 100% digital personalized life insurance policy quotes for their customers, with live agent support. Even has continued its rapid growth trajectory in 2021 by reaching over $3 billion in consumer credit issued through its API and expanding its platform to over 800 partners. Earlier this year, Even was named one of "America's Best Startup Employers: by Forbes" for 2021 and placed in the Top 50 of the 2020 Deloitte Technology Fast 500, which recognizes the fastest growing tech companies in the world. About Even Financial Founded in 2014, Even Financial is a B2B fintech company that is transforming the way financial institutions find and connect with consumers. As the leading search, comparison, and recommendation engine for financial services, Even seamlessly bridges financial institutions (such as SoFi) and channel partners (such as TransUnion) via its simple yet robust API and embeddable solutions. Even turns any consumer touchpoint into a comprehensive financial services marketplace with full compliance and security at scale. The company is backed by leading financial services firms and VCs, including American Express Ventures, Canaan Partners, Citi Ventures, Fidelity's F-Prime Capital, Greatpoint Ventures, Goldman Sachs, LendingClub, and MassMutual Ventures. Learn more at www.evenfinancial.com. About Haven Life Insurance Agency Haven Life Insurance Agency, LLC (Haven Life) is re-thinking how people financially protect the ones they love. Haven Life is committed to delivering exceptional products, delightful purchasing experiences, and meaningful moments of service to the modern life insurance customer. Haven Term is a Term Life Insurance Policy (ICC21 Haven Term in certain states, including NC) issued by C.M. Life Insurance Company (C.M. Life), Enfield, CT 06082. In New York (DTC-NY), and California (DTC-CA), and other states, it is issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111-0001. Policy and rider form numbers and features may vary by state and may not be available in all states. Haven Term is available through Haven Life Insurance Agency, LLC (Haven Life), whose agency license number in California is OK71922 and in Arkansas, 100139527. Both Haven Life and C.M. Life are wholly owned subsidiaries of MassMutual. Please note that issuing the policy or paying its benefits depends on the applicant's insurability, based on their answers to the health questions in the application, and their truthfulness. MassMutual and its subsidiaries C.M. Life Insurance Company and MML Bay State Life Insurance Company are rated by A.M. Best Company as A++ (Superior; Top category of 15). The rating is as of June 1, 2021 and is subject to change. MassMutual has received different ratings from other rating agencies. Media Contact media@evenfinancial.com