Radius Bank Launches Goals-Based Savings Platform Through Partnership with Harvest Savings & Wealth Technologies
‘Goalkeeper’ runs seamlessly inside of Radius Bank’s online banking and mobile app to help customers save effortlessly
BOSTON–(BUSINESS WIRE)–#Radiusadvantage—Radius Bank, a forward-thinking digital bank, today announced its deployment of Goalkeeper, an automated goals-based savings solution integrated within Radius Bank’s online and mobile banking channels. Goalkeeper is launched in partnership with leading fintech solution provider Harvest Savings & Wealth Technologies. Goalkeeper allows clients to set and automatically fund any financial goal, helping customers take control of their financial health while becoming better savers. Within Radius’ digital banking platforms, customers use Goalkeeper to create unlimited goals, assigning them a name and a picture, setting target amounts, and then selecting an automated savings method. Once goals are created, Goalkeeper will help build customer savings automatically using periodic deposits or a proprietary algorithm designed to find untapped dollars for saving.
As fintech savings apps have gained popularity amongst consumers and led to outflows across the banking industry, Radius recognized their own customers’ interest in automated savings programs and sought to provide a product that would help their customers fulfill their financial goals without leaving the Radius Bank app. Goalkeeper’s powerful algorithms allows customers to easily save for anything and everything – no matter how big or small, all for free, while all deposits stay within Radius Bank.
“The popularity of savings apps have helped consumers do a better job of reaching their financial goals, but these apps oftentimes only serve a limited purpose, thus requiring users to scan multiple apps in order to get a full picture of their finances often at a cost,” said Mike Butler, President and CEO of Radius Bank. “Integrating Harvest’s technology directly into our digital suite lets our customers get a holistic view of their overall financial wellness, all in one, easy-to-navigate platform at no charge.”
The launch of Harvest’s Goalkeeper, and its addition to the Bank’s digital suite, will help customers continue to improve their financial wellness and attain better money management skills. Running inside of digital banking provider Narmi’s Application Framework, Goalkeeper was easily integrated into the Radius system further demonstrating Radius’ commitment to partner with like-minded, innovative fintech companies to provide a seamless, best-in-class banking experiences.
“As the number of consumers using fintech savings tools continues to grow, money will continue to leave banks. Goalkeeper allows banks to effectively combat micro-savings startups, retaining critical deposits, while gaining valuable insight into what their customers are saving for,” said Drew Sievers, CEO of Harvest Savings & Wealth Technologies. “As a bank industry innovator, Radius Bank saw the opportunity to quickly bring the solution to market, leveraging the power of their mobile banking app, which is already installed on tens of thousands of Radius Bank customer phones.”
Current clients can get started now by signing into radiusbank.com or logging onto the Radius Mobile app and selecting “Goalkeeper” from the menu. To learn more about Goalkeeper visit: https://radiusbank.com/personal/savings/goalkeeper/.
To learn more about Radius and its strategic partnerships, visit https://radiusbank.com/company/partnerships/.
About Radius Bank
With assets of approximately $1.5 billion, Radius Bank is a forward-thinking digital bank committed to providing a full complement of accounts and services to meet the banking needs of consumers and businesses nationwide. Radius provides the product depth of a national brand, the technology of a fintech, and the personalized attention typically reserved for a local bank to consumers, small and middle market businesses, unions, government entities and non-profit organizations. The Bank’s award-winning digital banking platform allows consumer clients to bank from anywhere with a computer or mobile device and provides convenient features such as check deposit, bill pay, card management, and a personal financial management dashboard. Business clients enjoy a wide array of award-winning deposit products, advanced treasury management services, and loan and payment solutions. In addition, Radius’ suite of open APIs deliver a robust banking-as-a-service (Baas) platform for fintechs to quickly access core banking features and build best-in-class financial solutions. Radius specializes in partnering with forward-thinking fintechs to provide white-label deposit products, cards, digital onboarding, and account management. Radius Bank is a member of the Federal Deposit Insurance Corporation and is an Equal Housing/Equal Opportunity Lender. For further information, visit the Bank’s website at radiusbank.com, or follow the Bank on Twitter, LinkedIn, Facebook, and Instagram.
About Harvest Savings & Wealth Technologies
Harvest Savings & Wealth Technologies provides integrated, enterprise-grade digital savings and wealth solutions to banks, credit unions, trust companies, and other financial institutions. The firm’s technology was architected and engineered to deliver cutting edge, end-to-end digital solutions that unify and automate a bank’s retail, wealth and trust divisions. Harvest supports multiple retail core, custodial, and trust systems. For more information, visit www.harvestsw.com.