Retiretech Smart partners with money app Finhabits

Smart, one of the world’s leading retirement technology providers, announced a partnership with Finhabits, a market-leading financial technology company, which makes financial services more inclusive in the United States through bilingual offerings designed for the Latin American community.

Using the financial wellness platform Finhabits, Smart will integrate its retirement technology into the app to help Latin American small business owners and their employees access a one-stop-shop for retirement savings plans. .

About one in four Americans aren’t saving for retirement, and minority communities fare worse, facing a disproportionate disadvantage of not having access to employer-sponsored retirement plans. Access is key, as research suggests that workers are 15 times more likely to save for retirement if they can easily enroll in a workplace pension plan. Smart and Finhabits aim to bridge this gap. Smart’s agile technology will integrate with the Finhabits app-based small business journey to enable Latin American businesses to enroll their employees in a retirement plan with just a few clicks. There are 4.65 million Latino-owned businesses in the United States, and this effort is aimed at bringing retirement plans to these businesses with seamless integration and providing an end-to-end retirement plan experience. end.

“Smart and Finhabits share a vision for leveraging technology to make people’s financial lives easier,” said Jodan Ledford, CEO of Smart USA. “We are thrilled to announce this partnership and introduce simple ways to save for Finhabits users. Saving for retirement should be feasible, affordable and easy to achieve for every employer and employee, and together we want to make this achievable goal.”

Smart provides modular means for financial institutions, including archivists, advisors and asset managers, to create scalable, low-cost retirement solutions, with a specialization in group retirement technology. Smart’s streamlined technology enables these financial institutions to facilitate a higher volume of retirement plans, providing access to retirement plans to participants in previously underserved markets. Smart’s success is evidenced by its experience in multiple regions, such as Ireland, the Middle East and the UK, where over 70,000 employers have joined its Smart Pension Master Trust in just four years.

Finhabits is a leading digital financial services company serving the Latin American community. Through its bilingual, mobile-first platform, it offers a variety of financial services and educational tools that empower Latino families to plan for the future and protect their finances. As the Latin American community continued to be underserved by financial institutions, Carlos A. García, CEO and Founder of Finhabits, saw the importance of making disciplined financial habits the new normal in multicultural families.

“Finhabits empowers Latinos to create wealth for their future. This partnership will allow millions of workers employed by small Latin American businesses to save for their retirement for the first time,” Garcia said.

About Stuart M. McFarland

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