MoneyLion has launched a new marketplace that allows consumers to search, apply for, and make transactions on third-party financial products, including loans, credit cards, and savings accounts.
The new MoneyLion Checkout platform provides the mentioned opportunities to customers within the user experience of the MoneyLion digital ecosystem. The relevant information is contained in the company’s press release, which was published last Tuesday, October 22.
Dee Choubey, co-founder and chief executive officer of MoneyLion, said that consumers today expect that buying financial products will be as easy as any other shopping in the virtual space. He also noted that the new marketplace transforms the mentioned expectations into reality. According to him, in this case, MoneyLion’s role as a trusted partner in making any financial decisions is strengthened.
The press release noted that MoneyLion Checkout also integrates consumer and third-party data directly with the company’s financial services partners. The appropriate solution helps to increase the conversion rates and speeds up the process of customer onboarding. Using the mentioned data, MoneyLion can verify millions of consumers, automatically pre-fill their application forms, streamline the consumer pre-qualification process, and deliver insights that will allow financial services partners to better adapt their products to consumer demand.
Dee Choubey stated that the new marketplace drives both volume and efficient customer acquisition costs, ensuring that financial institutions can reach the right consumers with personalized offers through an expansive distribution network.
As we have reported earlier, MoneyLion Adds AI to Personal Financial Management Platform.
