MURRAY, Utah,(GLOBE NEWSWIRE) — FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced a strategic program agreement with leading fintech Albert Corporation (“Albert”). Since its launch in 2016, Albert has helped millions of Americans automate their finances, get smarter about their money and improve their financial stability.
FinWise, in partnership with Albert, will provide customers with transparent, affordable and convenient short-term lines of credit. Albert combines banking, savings, investing, and budgeting to give its millions of customers a comprehensive view of their money.
Kent Landvatter, Chairman and CEO of FinWise Bancorp commented, “We are thrilled that Albert chose FinWise as a key partner to augment their thriving business, which offers consumers access to financial products through their state-of-the-art app. Our shared vision for challenging the status quo of banking should provide a long-term opportunity to deliver financial innovation across multiple products that benefit all consumers. The trust that Albert has placed in FinWise to help enhance their growth opportunity is a testament to the benefits that our multi-product platform, including lending, deposit and payments products, provides our strategic partners.”
“Albert continues to make progress in its mission to change the way people think about money and to build a world where no one has to worry about making the wrong financial decisions,” said Yinon Ravid, Albert CEO & Co-Founder. “Our dedication to providing convenient access to financial products helps millions of Americans bank, save, invest and budget better. This partnership with FinWise—rooted in regulatory expertise and guidance—allows us to continue scaling our business.”
About Albert
Albert is a financial technology company that provides software products and services to help people manage their finances. Albert provides a personal financial assistant and best-in-class tools to help people take control of their money. Albert’s products also include checking accounts, savings accounts, loans, investment accounts, and other technology-based services that offer a modern way to manage money.
