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Pocketnest Named a Finalist for Best Financial Literacy Tool
Pocketnest, the AI-enabled financial wellness platform, has been named a finalist in the 2024 Benzinga Fintech Awards’ Best Financial Literacy Tool category. This recognition highlights Pocketnest's commitment to revolutionizing personal financial management and education, most notably through its groundbreaking AI-powered financial companion tool, Birdie.
About the Benzinga Fintech Awards
The Benzinga Fintech Awards celebrate outstanding achievements in financial technology, recognizing companies that are driving innovation and transforming the industry. Benzinga, a leading financial media outlet, hosts this annual event to showcase the most groundbreaking solutions in the fintech space and is sponsored by. Industry giants including BMO Capital Markets, Nasdaq, BlackRock, Vanguard, and Bloomberg. Pocketnest stood out as a key contender, given its AI-enabled platform and cutting-edge financial planning tools.
Pocketnest's Innovative Approach
Pocketnest snagged recognition as the Best Financial Literacy Tool for its AI-powered approach to democratizing financial wellness. The fintech's latest AI-powered feature, Birdie, surely helped secure its recognition.
Birdie represents a significant leap forward in Pocketnest's mission to empower financial institutions with cutting-edge technology that guides digitally-native communities toward financial independence through personalized guidance. Built on Pocketnest's foundation of behavioral science and adaptable AI, Birdie provides instant, tailored financial guidance by integrating users' linked bank accounts, financial data, behavioral tendencies, and preferences.
Expanding Reach and Impact
Pocketnest continues to make significant strides for all its stakeholders:
Credit Unions and Banks: Partnering with financial institutions to enhance their digital offerings and improve community engagement.
Independent Financial Advisors: Providing tools to streamline client management and offer more comprehensive financial guidance.
Employee Wellness Programs: Collaborating with companies to boost financial wellness as part of their employee benefits packages.
The fintech’s innovative approach continues to woo financial insttituions, their communities, and investors alike. For instance, Michigan State University Federal Credit Union reported a 53% increase in member financial wellness within the first month of using Pocketnest. Further, Filene Research Institute published a case study citing Pocketnest's ability to identify millions of dollars in cross-sell revenue opportunities.
Recent Achievements
Pocketnest's success over the past 12 months has been nothing short of remarkable, including:
A 20% increase in total contract value
175% increase in users
Recognition in Fast Company's Innovation by Design Awards
The fintech serves 65 enterprise customers across 100+ white-labeled instances, generating qualified leads and identifying an average of $575 million in cross-sell revenue for each institution.
Where to Go From Here?
As Pocketnest continues to innovate and expand its reach, this recognition from the Benzinga Fintech Awards is a testament to the company's vision and impact in the financial technology landscape. Under the leadership of CEO and founder Jessica Willis, Pocketnest is poised to further revolutionize how financial institutions engage with Millennial and Gen X communities.
Pocketnest is committed to its mission of making financial wellness accessible to all, one user at a time. With the introduction of Birdie and ongoing cutting-edge features, Pocketnest continues to pioneer the future of financial services, making financial planning accessible, engaging, and almost addictive for the digital generation.