CU 2.0 Fintech Friday: WalletFI

cu fintech partnerships

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

WalletFI helps banks and credit unions become top of wallet for all of their account holders’ subscriptions and recurring payments. They do that by providing users an overview of their digital financial footprint. The overview shows all of a user’s subscriptions, recurring payments, and payment methods or information in one simple interface.

Then, WalletFI allow users to move those subscriptions between cards. This allows financial institutions to better incentivize use of their cards through WalletFI. It also lets users better see and manage their finances so they can make the best payment decisions available to them.

Another thing that WalletFI helps with is the pain of managing payments after a reissued card. If a card is lost, stolen, or expires, it can be tedious and frustrating to update payment information for recurring payments, such as:

  • Gym memberships
  • Cell phone bills
  • Streaming entertainment (Netflix, Spotify, Xbox Live Gold)
  • Auto and health insurance

With WalletFI, instead of updating each subscription individually, users can just upload new payment information into the app. From there, they can move all their recurring payments from their old card to their new one without all the hassle.

Bonus points: this ability to quickly switch to new payment methods can really help to keep reissued cards top of wallet!

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

Credit Union Fintech Snapshot: WalletFI

Top 3 Problems Solved

  1. Reaching or maintaining top of wallet
  2. Recurring payment management
  3. Interchange revenue optimization

WalletFI Founder: Alain Glanzman

WalletFI Market Strategy

Credit unions and banks.

Credit Union Fintech: WalletFI in the News

WalletFI keeps the Netflix coming even after you lose your card

Constellation features WalletFI as a certified partner

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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