California, US-based Thinkwise Credit Union has partnered with InvestiFi to integrate digital investment tools into its online and mobile banking platforms.
With the collaboration, the credit union’s members will now be able to make investments directly from their checking accounts.
Thinkwise Credit Union, established in 1952, offers banking solutions for individuals and businesses, including deposits, loans, digital banking, and automated clearing house (ACH) services. Today, it has around 6,200 members across the San Bernardino, Riverside, and Orange Counties.
Partnering with InvestiFi, the credit union will integrate investing tools and embedded financial education resources into its digital banking platforms. It will also provide members with automated portfolios aligned with their goals and risk profiles, all of which InvestiFi CEO and founder Kian Sarreshteh says “strengthens member trust and enhances the overall digital banking experience”.
InvestiFi was initially launched in 2021 as CryptoFi, offering Crypto as a Service (CaaS) solutions for credit unions. The company later expanded its horizons beyond just crypto to provide access to stocks, bonds, options, mutual funds, and ETFs as well, with its official rebrand to InvestiFi taking place in 2024.
The fintech has expanded its footprint across the US this year with a number of new partnerships, including teaming up with Citizens Bank of Edmond in June to provide the Oklahoma-based community bank with its digital investment tools.
Source: https://www.fintechfutures.com/
