New Financial Solutions For Saving, Earning And Investing Faster

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice.

We’re all looking for ways to do more with less, especially when it comes to our finances. 

Everyone wants to get the most bang for their buck. Discounts, rewards, cashback, and other alluring perks are just a few ways our money can work for us. To create long-term economic sustainability, individuals and business owners alike must save and invest in building assets as a part of their financial well-being plan. However, many fail to achieve that goal due to the burden of increasing debt, financial emergencies, wasteful spending, and other issues.

Fortunately, with more businesses and organizations meeting people where they are, individuals can make their dollar stretch further. Modern workplaces are stepping up and offering a range of programs that look to support financial wellbeing and are seeing promising results. And financial institutions are getting in on it, too, with many rolling out new offers to appeal to today’s savvier shoppers and entrepreneurs that are hungry for new and innovative opportunities. 

LaShondra White, a Michigan-based small business owner, has seen firsthand the advantage of these new financial solutions. As a mother of two girls and four boys living under the poverty line, she struggled to find the financial backing she needed to launch her business—a lash studio. No one would give her business credit until Nearside, a free, FDIC-insured neobanking platform, decided to give her a chance.

Nearside’s goal is to provide fair and transparent banking to empower entrepreneurship, one microbusiness owner at a time. They offer a debit card program with a generous, unlimited 2.2% cash-back rate on all eligible purchases in 2022. Members also gain access to business checking with no fees and no minimum balances. With a mission to help 60 million Americans start and grow businesses, Nearside gave White the chance to be there for her children and inspire those around her. Nearside offers the same opportunities to many others.

Supporting the Infrastructure of Innovation

Alternative financing has changed the banking model, but there is a need for infrastructure to handle the bandwidth of innovation as well. The move to streaming television wouldn’t have been possible without AWS handling all of that traffic. Finance has a counterpart behind the scenes that’s also changing how we think about our money.

For example, FIS is likely one of the largest companies you have never heard of but may interact with daily without realizing it. Its clients are among the world’s biggest banks and brands, including Netflix, Amazon, Microsoft and Walmart which have all been named on recent earnings calls. 

FIS is blazing a path both in new ideas with a $150 million venture fund and a new incubator in Denver and helping to power the cryptocurrency market. FIS serves 4 of the top 5 crypto exchanges, including ones for Crypto.com and is helping its banking clients open cryptocurrency accounts for their customers, enabling them to buy, sell and hold cryptocurrencies and enabling them to display crypto and traditional checking and saving accounts side-by-side on their phone’s mobile banking app.

Other Ways to Save

While we tend to focus on savings in terms of banking products or sales at the grocery store, new financial solutions can improve the things we already own too. As auto insurance rates are expected to increase in 2022, consumers can now easily and quickly shop for better, less expensive auto insurance through Experian’s new tool. Within minutes, consumers who share their current auto insurance policy will receive several tailored quotes to discover the auto insurance plan that’s right for them. From there, consumers can easily switch to their new auto insurance carrier all in one place. 

For added peace of mind, Experian also offers free active rate monitoring. Its auto insurance tool scours the market on an ongoing basis to find deals amongst its comprehensive carrier network to help save money. Experian’s expansion into auto insurance follows several innovative offerings to help consumers improve their financial health, including Experian Go™ and Experian Boost™. 

New financial solutions are shaking up the banking industry. Fintech companies are changing the face of finances and how we will continue to think about our money. Whether it's paying for your children’s education, securing a comfortable retirement, or attaining life-changing financial independence, your options for your money are vast.

Image sourced from Unsplash

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice.