Life.Money.You.® chooses Fintech Platform Paperwork to power its financial wellness initiative
The BCU-led CUSO will leverage Paperworks’ extensive technology to expand its mission of financial well-being for all.
VERNON HILLS, ill., March 16, 2023 /PRNewswire/ — Life.Money.You.® (LMY) – the CUSO formed by BCU to lead its financial wellness efforts – has announced its partnership with Paperwork, a comprehensive financial wellness platform focused on improving the financial health of credit union members. The partnership aims to provide a more comprehensive and personalized financial wellness solution for CUSO’s corporate partners and their employees.
“We are excited to partner with Paperwork to deliver a cutting-edge financial wellness solution to our program participants,” said Bjørn Larsen, CEO of LMY. “With Paperwork as a partner, LMY will be able to offer a seamless and user-friendly mobile-first experience that combines education, guidance and personalized insights to help end users achieve their financial goals.”
Paperwork’s founders are no strangers to corporate fintech solutions – the team pioneered robo-advisory services for the banking industry with their previous fintech startup, Jemstep (acquired by Invesco). Kevin Zimringco-founder and CEO of Paperwork (and formerly of Jemstep) is excited about the partnership: “Paperwork partners with credit unions to help hard-working, middle-class Americans achieve greater financial stability for themselves and their families. With LMY’s support, we can expand our reach and help more people to achieve financial well-being. We are incredibly grateful to be working with the LMY team on this mission.”
Paperworks’ data-driven financial wellness platform includes a modern app that offers personalized recommendations and insights in a friendly, conversational format. The technology analyzes a user’s financial data to provide actionable recommendations on savings, budgeting, insurance, estate planning and retirement, and helps them track their progress over time. If a member needs to speak to a financial coach, that’s also available directly from the app.
The partnership between LMY and Paperwork is part of a growing trend toward helping credit union members improve their financial well-being during challenging economic times. With this partnership, LMY demonstrates its commitment to providing its corporate partners and their employees with the best possible financial resources and support.
For more information on LMY’s financial wellness initiative, please visit www.lifemoneyyou.com. For more information about Paperwork, please visit www.paperwork.co.
Issued by: Paperwork
About BCU: BCU is a not-for-profit, member-owned Credit Union strongly dedicated to empowering people to discover financial freedom. On just below 6 billion dollars in assets, BCU is driven by its commitment to provide a fast, simple, secure banking experience and extraordinary service for nearly 350,000 members. The BCU membership field includes employees and families of large employers who are focused on the financial well-being of their workforce; those who live or work in northern Illinoissouthern Wisconsinand the island Puerto Rico; and subscribers of BCU’s wholly owned Credit Union Service Organization (CUSO), Life. Money. You.® within communities and Fortune 100 workplaces everywhere the United States and Puerto Rico. All BCU members enjoy lifelong access to financial services and wellness programming that inspires confidence through the brand promise of “Here Today For Your Tomorrow.”
To learn more about how we can help you realize your financial dreams, visit BCU.org.
Members of the media can obtain more information by visiting BCU.org/About-Us/Media-Relations.
About paperwork. Paperwork is a business financial wellness platform that helps credit unions and other financial institutions support their members in times of need and beyond – empowering them to build financial stability and achieve their goals. Paperworks’ solution enables corporate customers to put financial wellness at the center of their growth strategies, deepen member engagement, increase retention and build loyalty. To learn more, visit www.paperwork.co.
SOURCE Paperwork
