CU 2.0 Fintech Friday: Project Finance

It’s CU 2.0 Fintech Friday! Today, Chris Otey sits down with Project Finance to discuss all things credit union, fintech, and digital innovation.

Project Finance is a white-label online and mobile banking platform for banks and credit unions. Their platform is designed to assist members and customers with their financial goals. They do that by providing a layer of digital advice and guidance throughout the online banking experience, especially at the decision points people have when managing their money online.

One of the ways Project Finance accomplishes this is by leveraging machine learning. They source data from several sources, including from the banking cores they integrate with. From there, machine learning helps users better understand their current financial situation, provides predictive modeling to show their financial future, and offers recommendations and tools designed to help people better manage their money to achieve their goals.

What’s noble about Project Finance is their mission: they want to make people’s lives better. Although they come from a banking background, they’re diving into the world of credit unions because it fits with their philosophy. They want everyone to live financially happier, healthier lives.

Some key features of Project Finance’s software include:

  • Enhanced accessibility with biometric capabilities
  • Wide-ranging account management tools
  • Secure internal and external payment systems
  • Analytics-driven marketing and recommendations
  • Extensive third-party integrations

All of that is customizable through a powerful admin system that allows financial institutions to adjust user experience settings to better serve customers’ needs.

If this sounds like an intriguing credit union–fintech partnership, check out the video and Project Finance snapshot below

Credit Union Fintech Snapshot: Project Finance

Top 3 Problems Solved

  1. Online and mobile banking platform
  2. AI-driven banking
  3. Financial wellness

Project Finance Founders: Jeff Cole, Peter Cole, and Colby Ross

Project Finance Market Strategy: Banks and credit unions

Credit Union Fintech: Project Finance in the News

Project Finance assists with consumer finance

Project Finance thrives in the DCU Fintech Innovation Center

Interested in seeing more fintech entrepreneurship? Check out the CU 2.0 fintech infographic, Death by 1,000 Cuts. You can see firsthand the impact fintechs have had on the credit union industry, as well as how fintech innovation can improve your income statement, balance sheet, interest margin, services, and more.

Credit Union 2.0 believes fully in the power of credit union and fintech partnerships. With the shared goal to redefine multifaceted financial services models look like to members, more credit unions are looking to partner with forward-leaning fintechs.

If you want to learn more about credit union–fintech partnerships, click here.

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