My Blog
Credit card balances are sky-high and a tenth of consumers are locked into persistent debt
This article features BMO + SpringFour’s partnership. Credit card balances have hit a new high of $1.079 trillion, rising $154 billion from last year. Delinquencies are also rising in tandem, and a tenth of consumers are locked in persistent debt.
Q3 2023 Impact Report: Explore our Award-Winning Results
This quarter alone, SpringFour’s award-winning, empathy-first strategy was recognized by top brands like Fast Company, Finovate, and Fintech Futures, and highlighted in a number of press features including Tearsheet, BankingDive, and HR.com. Q3 resource enhancements include a new Transportation category and updates for student loan borrowers as payments resumed this quarter.
What does impact mean to the SpringFour team?
On Be the Impact Day, the SpringFour team each shares insights about what impact means to them. To drive impact with SpringFour, contact us at impact@springfour.com.
SpringFour helps banks link customers to financial aid
The social impact fintech points customers in need of financial assistance to nonprofit and government resources to help them get back on their feet.
‘The bottom line is empathy’: BMO and SpringFour are changing what it means to bank on consumers’ financial progress
Faced with declining consumer health, is it possible to transform a bank’s role into an institution that provides assistance beyond checking accounts and credit cards?
Social impact fintech SpringFour and BMO say yes. By transforming consumer interactions within critical banking touchpoints like collections, the partnership is changing how banks view customers and vice versa.
Fast Company Names SpringFour a 2023 Brand that Matters
The SpringFour team is honored to accept this award from an industry leader like Fast Company, and it was so exciting to celebrate this recognition alongside other prestigious winners at the Fast Company Innovation Festival held in New York City in September. SpringFour is one of three winners in the finance category, winning alongside Morgan Stanley and Golden 1 Credit Union, and Fast Company writes, “You can bank on these three brands when it comes to financial health.”
