BrightFi has selected i2c solutions to help provide low-cost, feature-rich, mobile financial services to underbanked and unbanked consumers, as well as to organizations and financial institutions aiming to serve the historically overlooked market segment.
By creating a technology stack designed to reduce operational costs, BrightFi delivers a subscription-based, 100% digital banking experience to the communities that need it most. When paired with i2c’s building-blocks platform, BrightFi can pass savings to end customers while delivering secure, modern features at an affordable cost.
Customers will be able to avail products and features such as no minimum balance requirements, payment, and mobile deposit, savings accounts, and live customer service available seven days a week. Accounts will have no hidden, overdraft, or transfer fees and funds will be held by FDIC insured institutions for up to $250,000.
BrightFi also offers organizations and financial institutions the ability to leverage its platform to support their own branded financial wellness and inclusion programs, helping even more communities extend low-cost, reliable financial services.
i2c CEO and founder Amir Wain commented:
“Our company and platform are built for visionaries and innovators like BrightFi who want to challenge the status quo and think differently. BrightFi has reimagined financial services from the backend forward to create something truly remarkable that impacts a large number of people with great unmet needs — and they can enable others to do the same.”
Michael Coghlan, CEO of BrightFi, commented:
“We’re thrilled to work closely with i2c, as we push the reach of financial services. As part of a flexible, best-in-class stack, i2c enables us to lower the cost of banking to expand access and increase financial wellness for millions. i2c understands our vision, offered us a plug-and-play platform with faster time-to-market, and the reliability our customers deserve.”
