i2c and Swell partner to enable next generation financial products
By Leandra Monteiro
i2c Inc., a provider of digital payment and banking technology, announced its strategic relationship with Swell Financial Inc., Colorado-based developer of the Swell App, which will include features to automatically control spending, tackle debt, and more.
Built on i2c’s global platform, Swell’s Shoreline API infrastructure enables tight integration and instant funds transfer between deposit accounts, credit, and other financial products. i2c will power Swell’s debit and credit products so that Swell customers can seamlessly move their money within the platform instantly, securely, and reliably.
“i2c and Swell believe in the power of technology to accelerate financial inclusion, and this is a big step toward providing equal access to financial products for customers of all types,” said Jim McCarthy, president of i2c Inc. “We’re thrilled to be leveraging our agile platform to enable Swell as they reimagine financial services with a customer-first mindset.”
“I’ve been in financial services for my entire career and saw a troubling pattern of banks providing great services to wealthy customers only,” said Kevin Dahlstrom, founder & CEO of Swell. “With i2c’s global expertise, we can now help what I call ‘the other 95%’ to make the same smart ‘Money Moves’ as the wealthy.”
In a community survey conducted by Swell, FinTech found that 99% of those polled did not feel that traditional banks helped them proactively make smart financial moves such as reducing debt, increasing income, and making investments. In addition, 94% trusted financial advice from Twitter over their banks. Swell hopes to use technology to better serve these consumers and their financial needs.
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