The 2025 fintech pledge targets cost of living with financial wellness programs
In an attempt to compensate for the cost of living crisis 2025 Fintech Pledge plans to host financial wellness training among other educational courses.
Made of Zopa Bank and the credit market ClearScore in September 2022, as a means of cultivating financial resilience among UK consumers amid the economic downturn, the Fintech Pledge 2025, made up of a coalition of 28 fintech members and their partners, will now introduce a series of financial wellbeing courses through its newfound partnerships with The monetary organization.
To meet its goal of driving 10 million consumer actions that build financial resilience by 2025, with two million actions already reported, the coalition has launched a financial education program. This program will continue until December 2025 and the coalition’s founding parties will finance the first year of operation.
The agenda includes a free massive open online course (MOOC), as well as interactive workshops for smaller community groups.
The online course promotes easy learning through a modular approach to its educational agenda, where the coalition intends to deliver practical tips and practical insights as a way to reach the goal of 10 million consumer actions by 2025.
Likewise, the workshops will offer a deeper, more targeted dive into building financial wellness and resilience for those seeking more information after completing the online course.
Membership growth
Five months after the coalition was formed, led by an ambitious goal of increasing economic resilience in the UK’s hardest-hit communities, the 2025 Fintech Pledge has come on leaps and bounds since its formation.
Following a second wave of membership in December, which initially brought the coalition’s members to 12, there are now 28 members engaging with the initiative, a number that includes the API platform for financial services Slipstreamthe lending platform Freedom Finance and fittingly, the financial coaching and education platform Of course.
Above all, these companies will promote a combined effort to connect consumers to platforms that make savings work harder, improve credit scores, consolidate debt and reduce utility bills and household outgoings.
A combined effort
Speaking of the coalition’s recent membership growth, Merve FerreroChief Strategy Officer at Zopa Bank, explains how the 2025 Fintech Pledge is now entering “its next phase with the launch of a broad financial education program to drive more financial resilience.”
“We are thrilled to be supporting The Money Charity in this ambitious program that will help Britons better manage their finances,” continued Ferrero, “leading to better financial outcomes for hundreds of consumers.”
In addition to this, Michelle High manchief executive of The Money Charity, confirms the charity’s delight in working with the coalition “to reach many more people with our vital financial wellbeing education and through the development of a new and exciting online offering.”
“Now, more than ever, we need to work together to reach and help as many people as possible,” Highman adds.
Justin BasiniCEO and co-founder of ClearScore, concludes: “Our partnership with The Money Charity and Zopa via the Fintech Pledge for 2025 delivers the right support at the right time for consumers. Financial wellbeing is critical to helping people feel they are moving forward .”
