One app to rule them all? The fintech company that offers integrated financial solutions
By David Willey, Benzinga
New York, NY
–News live–
In 2020, the US saw total e-commerce reach 537 billion dollars, as an increasing amount of financial activity moves online. It is arguably more important than ever for people to have integrated financial solutions that suit the modern market. Over 160 million Americans currently use online banking, with money transfers and payments having the highest customer adoption rate among financial technology (fintech) services.
This fintech revolution leads shift away from traditional banking systems in favor of more innovative and integrated financial services that suit modern lifestyles. A company that offers unification of financial services on one platform is New York City-based Current.
From the convenience of one app, Current says users can seamlessly meet all their financial needs, make deposits and monitor payments and paychecks. Current is a fintech solutions provider and not a bank, and its banking services are provided through a partnership with Choice Financial Group, a member of the Federal Deposit Insurance Company (FDIC).
A current trend?
Through the company’s Current Core financial technology, financial services are now gathered in one place. Receiving paychecks, using savings and debit cards, buying and selling crypto and more can be done through a single app.
The company highlights several benefits offered through the Current platform to its users. With a current account, payslips can be delivered up to 2 days earlier through the early direct deposit service.1 This means waiting less time for pay and increased financial flexibility.
The Current platform also allows crypto buying and selling with dozens of cryptocurrencies. With no trading fees, users can exchange crypto for cash and vice versa instantly, getting instant access to funds and uncomplicated crypto for beginners and veterans alike. Crypto newbies will especially appreciate the simple settings that include in-app crypto tips.
Another exciting platform feature is Current’s savings capsules. These allow users to set aside funds and save right away, earning 4.00% annual percentage rate (APY) – 15 times the national average.2 Users get an increase in their savings whether the pod is $1 or $1,000, and they have access around the clock. to the money without restrictions. This means they can use or reinvest savings whenever they need to.
Through this integrated financial app and platform, Current looks to allow users’ money to work together efficiently in a solution that fits the financial needs of the 21st century.
Interested in learning more about Current? Visit the website at Current.com.
Cryptocurrency Services are operated by Zero Hash LLC and Zero Hash Liquidity Services LLC and may not be available in all states. Licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services. Terms and conditions apply. All forms of investment involve risk, including possible loss of principal. Cryptocurrency is not subject to FDIC or SIPC coverage.
1Faster access to funds is based on a comparison of traditional banking policies and deposits of paper checks from employers and government agencies versus deposits made electronically. Direct deposits and earlier availability of funds are dependent on the time of the payer’s submission of deposits.
2 The annual percentage rate of return (“APY”) for current interest is variable and subject to change at any time. The APY disclosed is effective November 1, 2022. No minimum balance required. Must have $0.01 in savings pod to earn current interest up to $2,000 in deposits per savings pod up to $6,000 total. Please see the current interest rate terms. 15x interest calculated using the FDIC’s average national savings account deposit rate of 0.24. www.fdic.gov/resources/bankers/national-rates/index.html
Current is a leading US financial technology platform serving the needs of Americans working to create a better future for themselves. Our mission is to enable members to change their lives by creating better financial results. By utilizing the best technology, we deliver inspiring and motivating products as we all move forward in a world of increasing digitization and complexity.
Cryptocurrency Services are operated by Zero Hash LLC and Zero Hash Liquidity Services LLC and may not be available in all states. Licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services. Terms and conditions apply. All forms of investment involve risk, including possible loss of principal. Cryptocurrency is not subject to FDIC or SIPC coverage.
1Faster access to funds is based on a comparison of traditional banking policies and deposits of paper checks from employers and government agencies versus deposits made electronically. Direct deposits and earlier availability of funds are dependent on the time of the payer’s submission of deposits.
2The annual percentage rate of return (“APY”) for current interest is variable and may change at any time. The APY disclosed is effective November 1, 2022. No minimum balance required. Must have $0.01 in savings pod to earn current interest up to $2,000 in deposits per savings pod up to $6,000 total. Please see the current interest rate terms. 15x interest calculated using the FDIC’s average national savings account deposit rate of 0.24. www.fdic.gov/resources/bankers/national-rates/index.html
Contact information
Erin Bruehl
the company’s website
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