Happy Money

📣 We’re excited to announce our partnership with #fintech Method, helping streamline the way members consolidate and pay off high-interest credit card debt through our Direct Card Payoff™ feature. "With Method’s sophisticated APIs, we gain more real-time information around consumers’ outstanding credit cards, faster payment execution and more robust reporting.” – Nick Pesce, Head of Product & Design at Happy Money Dive into the details of our work together and see how we're making a difference for borrowers and #creditunions alike: https://bit.ly/3VYeFh3

Between generative AI and the constant evolution of fraudsters, mitigating fraud risk has never been more important. But how do you maintain strong conversions and a positive customer experience while minimizing fraud? In this Fintech Nexus webinar, hear from a panel of experts including Happy Money's Angela Kernell, CAMS about how you can balance these two opposing forces by utilizing tactics such as: ✅ Developing a systematic approach to upfront checks that assess identity and riskiness 👩💻 Evaluating aggregated risk indicators, including device data and volume spikes 🛑 Introducing friction as needed based on the risk profile and acceptable loss rate 👨🔬 Testing continuously in order to stay agile, as fraudsters are always evolving Fraud management is critical to doing the right thing by your customers, your partners, and your business overall. 📽 Learn more and watch the replay here: https://lnkd.in/gptGmVvY

With delinquency rates on the rise, lenders are looking at how they can support consumers in managing debt – and averting delinquencies and loan defaults in the future. Given our years of experience helping people reduce credit card debt, Happy Money's Chief Product Officer, Adam Z., spoke with Tearsheet about how lenders can promote financial wellness and reduce delinquency rates in 2024. Thanks for the conversation, Sara Khairi! Here are a few of takeaways from the article (click below for the full story): 1️⃣ Implement built-in guardrails in the underwriting process to prevent over-extending debt, ensuring borrowers can comfortably and successfully repay their loans. 2️⃣ Offer flexible payment options and automated payments tailored to diverse financial backgrounds. 3️⃣ Provide protection insurance to cover payments in case of job loss or disability, such as Happy Money’s Payment Guard Insurance offering. 4️⃣ Educate consumers about high-yield savings options like Certificate of Deposits (CDs) and credit union savings accounts. By empowering consumers with these tools and strategies, we can foster positive cash flow, help them reduce debt, and ultimately support them in building a more financially secure future. Whether you’re on the fintech or lender side, how are you thinking about helping consumers better navigate their financial journeys? https://lnkd.in/gZXYKG4k #FinancialWellness #DebtManagement #ConsumerLending #Tearsheet

We are honored to be named a winner for the “Most Innovative Product Feature of the Year for Consumers” in the 13th Annual Best in Biz Awards! This is a true testament to the Happy Money team’s customer-centricity and innovation on new technologies like Payment Guard Insurance—the first-ever digitally native insurance for personal loans in partnership with TruStage™. Thank you Best in Biz Awards for recognizing a revolutionary lending product that provides consumers with financial resiliency and built-in peace of mind, as well as reduced risk for lenders. We greatly appreciate each Happy Money and TruStage employee who helped conceptualize this product and bring it to market to benefit both lenders and borrowers alike. Learn more about TruStage Payment Guard Insurance: https://lnkd.in/gEv32NyQ #bestinbizawards #fintech #insurtech PGI-61661238.2-1223-0126

"What I love about our team is the way we think with a human-centric approach that frees us from the way that things have traditionally been done. We challenge the status quo and dig through the layers of solutions that oftentimes bury the original problem to solve," said Happy Money CEO Joseph Heck in a recent Authority Magazine interview. "All of this is underpinned by our deep care for people — starting first and foremost with the people who work here at Happy Money." Read the full article to learn more about Joe's approach to leadership and how he and the team are investing in operational scalability and designing the future of the business. https://lnkd.in/gieptukJ

Today we are thrilled to announce that credit union industry leader TruStage Ventures and other major institutional investors are entering into a strategic transaction to help fund the next phase of Happy Money's growth and advance our company's mission. 🚀 What this means for the future of Happy Money: - At close of the transaction, Happy Money will remain a privately held company with independent operations, continuing to pursue our mission of a happier lending that helps borrowers achieve their goals and helps credit unions achieve greater impact and scale. - In addition to their financial backing, TruStage's national sales team will bolster efforts to bring Happy Money’s technology platform and lending services to even more credit unions nationwide. - To quote our CEO, Joseph Heck, “We’re committed to leveraging our platform to help [credit unions] unlock greater balance sheet connectivity, simplicity, and diversity while simultaneously advancing a happier approach to lending that meets the needs of today’s consumers.” What they’re saying: “TruStage recognizes the lending power and capabilities that Happy Money brings to credit unions,” said Brian Kaas, President and Managing Director of TruStage Ventures, “and we are excited to continue working with Happy Money as we embark upon this next chapter of our partnership.” Get the full scoop here: https://prn.to/3MJHr1a

Everyone is wondering how to reach #genz right now, and that's certainly true for #financialservices and the #creditunions we work with at Happy Money. So, here's a timely insight: A recent GOBankingRates study found that Gen Z have some high savings aspirations (love to see it!), and Happy Money's SVP of Science, Risk, & Analytics Chris Courtney weighed in on how these aspiring savers can set themselves up for success. His tips are grounded in cognitive neuroscience and offer solid savings advice for Gen Zers or any generation. 💡 Check out the article and let us know... What tips would you add to this list? https://bit.ly/3rvxb5z

Did you see the news? 👀 Joseph Heck has been appointed as Happy Money’s CEO. Joe has a legacy of driving innovation and transformation within the lending industry as well as years of experience working with credit unions. With his unique combination of grit and creativity, Joe is positioned to steer the company through this next season and drive the team forward to create value for Happy Money’s stakeholders, partners, and consumers alike. “I see tremendous opportunity for Happy Money as we bring greater self-sustainability to our business and support credit unions in competing in a dynamic and increasingly digital market,” said Joe Heck, CEO of Happy Money. “Happy Money has the potential to build greater balance sheet connectivity, simplicity, and diversity to these financial institutions while simultaneously advancing a happier approach to lending that meets the needs of today’s consumers.” Joe worked closely with Happy Money’s leadership team over the last four years, including former CEO, Jeff Winner – and is honored to take the reins for this next chapter. “Joe’s depth and breadth of experience in lending paired with his integrity and intentionality made him the perfect candidate to lead Happy Money into this next season,” said Tracy Edkins, former CHRO of Splunk, and Happy Money Board Member. “On behalf of the entire Board of Directors, we are excited to see how Happy Money furthers its impact in the years ahead under Joe’s steady leadership.” Learn more at the link: https://bit.ly/3PIcIm0

We had the best time at TruStage Ventures' 2nd annual Fintech Summit. Here's our highlight reel: 👉  Sharing about how Happy Money helps credit unions achieve greater impact through our lending platform, technology solutions, and national reach 👉 Our CEO, Joseph Heck, speaking on a TruStage panel about how we co-developed and implemented Payment Guard Insurance to bring greater financial resilience and peace of mind to consumers and credit unions alike 👉  Quality face-time with credit union friends new and old as well as robust discussions around fintech trends, from generative AI to embedded lending  Thanks for having us! #fintech #creditunions #lending

One of our operating principles at Happy Money is to 'cultivate spaces of belonging'. In her recent blog post with Elpha, Laura Zinssmeister, Sr. Director of Product Design, shares how she brings this to life in her own work. 💡 Check out the full article for some of her strategies for creating a safe space and proactively measuring and identifying areas of opportunity. How do you foster psychological safety within your teams? 👥 #techleadership #happymoney #psychologicalsafety