MoneyLion today announced that it has acquired Wealth Technologies (WTI), a pioneer in algorithmic financial planning technology. WTI's proprietary fGPS (Financial Goals Positioning System) will enhance MoneyLion's suite of financial tools with precision-guided financial advice to help their members see the interconnectivity of short- and long-term financial decisions across their entire financial portfolio.
MoneyLion will leverage fGPS® technology to enhance the advice provided to members regarding spending, credit and investing by analyzing the full picture of members' personal assets, liabilities, incomes and expenses. Predictive fGPS® analytics will help them navigate life's ups and downs and set and achieve their most important financial goals. It will also bring to life MoneyLion's Financial Heartbeat® financial health tracker, enabling it to operate as a personalized status check that offers members individualized, step-by-step plans to support their entire financial journey, from offering guidance on how to manage short-term expenses, tips for making credit and financing decisions, or suggestions to optimize insurance coverage.