#Fluid app fintech how to
#Fluid app fintech Offline
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Pivoting to strategies and business models that can leverage the power of embedded finance requires FIs to critically assess their own strengths and think differently about how high volumes of third-party data can be used to customize product and services for specific target segments, such as Gen Z, millennials, or small business niches.

#Fluid app fintech how to

The bigger challenge comes in determining how to monetize those capabilities. The ability to modularize products and services so they can be deployed through APIs on third-party platforms is table stakes for ongoing digital transformation.

The 2021 EY study, NextWave Consumer Financial Services: winning the battle for financial trust and relationship primacy, shows customers would like FIs to accompany them on those journeys, meeting their financial needs at the point of engagement - even outside the FIвЂ™s own digital ecosystem. The appeal of super apps - large, super-fluid ecosystems that are already prevalent in other parts of the world - is driven by consumer and small-business expectations of seamless and hyper-personalized digital journeys, tailored to their own unique needs, situations and buying habits. The emergence of вЂњsuper appsвЂќ promises to raise the sense of urgency around the next step: embracing strategies to turn those investments into compelling value propositions for customers. By combining the power of a closed (invitation only for now) university social network, financial data and mobility attributes, Fluid can create an important promotional channel for retailers and service providers to gain access to the student market.In recent years, many financial institutions (FIs) have built the open banking structures, platforms and application programming interface (API) capabilities required to embed financial products and services into other firmsвЂ™ ecosystems.

#Fluid app fintech Offline

While our students are getting a great academic education, Fluid will deliver unique content and short messages to educate, demystify credit score, availability of products and best practices to increase and maintain a great credit score,вЂќ says Li.ДЄdditionally, Fluid creates a unique ecosystem for online and offline retail offers in the app by learning studentвЂ™s lifestyle, purchasing power, brand loyalty and spending behavior. вЂњWe know that our students donвЂ™t have a way to understand credit and how important it is to have credit. Fluid says its main purpose is to delivery financial education and financial literacy to 200 million college students world wide.

As it can be difficult for some young people to acquire credit cards using Fluid can be an important step in establishing credit credibility. We canвЂ™t wait to be in all 50 states.вЂќД«y using Fluid and receiving a personal loan payable in 3 to 6 installments students start to build a credit history as the information is reported to credit bureaus. Getting this first of its kind credit education and credit building app in the hands our best and brightest is ground breaking. вЂњI am very happy that our compliance teamвЂ™s hard work paid off today. Today, I am very happy to announce Fluid is now in 32 states.вЂќ says Li, CEO of Fluid.

In the United States and before fall semester starts was our first step towards that goal. вЂњGetting Fluid in the hands of all students in the world is our priority. Fluid notes there are 75 million and 1.8 billion Generation Zs that will start shaping this world in the coming years.ДЇounded by Timothy Li, a well-known entrepreneur who has been engaged with many prominent Fintech startups, Fluid is being presenting at LangDi FinTech Conference in Shanghai, China this week.

#Fluid app fintech free

Fluid not only allows for an interest free loan but it empowers uses to build a credit profile.В FluidвЂ™s target market is Generation Zs (Age 7 to 21 as of 2017. The description on iTunes explains it is exclusively designed for 22 million college students in the United States. The App based lender is available on iTunes allowing up to $500 in credit without any additional interest payments. Fluid, a Fintech and Adtech startup has expanded its service to US students into 32 different states.