Celent, a leading global financial services and advisory firm, has announced that MoneyLion has won the award for demonstrating innovative technology approaches to customer outcomes. The submissions were judged based on I) Demonstrable business benefits of live initiatives, II) The degree of innovation relative to the industry, and III) Technology or implementation excellence.
According to Daniel Latimore, Senior Vice President at Celent, “The Model Bank Awards recognize how companies are successfully using technology to change the face of banking. Winners serve as an inspiration to others looking for strong examples of best practice implementation that will have a truly meaningful impact on business results and the industry overall. MoneyLion has clearly and consistently demonstrated this.” Earlier this month, MoneyLion was selected out of hundreds of applicants worldwide as the Top Emerging Technology Company in the annual LendIt Fintech Industry Awards Competition. These awards follow MoneyLion’s recent announcement of the addition of checking and savings capabilities for its MoneyLion Plus members, rebundling banking services to offer premium banking products to all Americans, not just the affluent.