Product
2023-07-27
Empowering Financial Services Providers with Marketplace Comparison Insights (MCI) Reports
In the rapidly evolving and highly competitive financial services landscape, maintaining a competitive edge and making informed, data-driven decisions are paramount for success. That's where Engine by MoneyLion's Marketplace Comparison Insights (MCI) reports come into play. This robust product offers Financial Services Providers comprehensive lead-level data insights that empower them to optimize their offerings, and gain valuable insights into the competitiveness of their offers and the consumer profiles on our platform.
Understanding MCI Reports: MCI Reports are designed to empower partners by offering a completed overview of their offers in comparison to other offers presented to leads on our platform. These reports provide detailed lead-level data insights, equipping our partners with the necessary information to evaluate the performance and competitiveness of their offers.
By analyzing the data provided in MCI reports, Financial Services Providers can identify areas for improvement, optimize their underwriting process, and enhance the overall effectiveness of their offerings. These reports serve as a powerful tool for our partners, enabling them to compare their offers to those presented to the same leads, gaining insights into where they rank and assessing their competitiveness in the marketplace.
Evolution of Reporting Capabilities: MCI Reports, now MCI Offers Reports, began by providing lenders with a clear understanding of the competitiveness of their offers in comparison to others presented to leads on the Engine by MoneyLion platform. Recognizing the value of these insights, Engine by MoneyLion introduced the MCI Rejections report. This report offers partners a deeper understanding of the market's response to leads that were rejected by them based on their underwriting criteria. With MCI Rejections, partners can examine the number of prequalified offers the lead saw, the corresponding terms, click rates, and overall competitiveness of other offers presented to the leads they rejected, gaining valuable information about market dynamics and competitor strategies.
Announcing Automation Feature: In response to user feedback, and to further streamline the reporting process, Engine by MoneyLion is excited to announce the Automation feature for MCI Reports. Soon, partners will have the option to automatically retrieve reports from an S3 bucket, alongside the existing download option within Control Center.
With the new SFTP option, partners can conveniently pull MCI Reports directly from the S3 bucket and immediately ingest them into their systems. This automation not only saves time but also ensures that our partners have the most up-to-date data at their fingertips, enabling them to act swiftly on market insights.
Marketplace Comparison Insights (MCI) Reports empower Financial Services Providers by providing valuable lead-level data insights. With the evolution from MCI Offers reports to the introduction of MCI Rejections reports, lenders can make informed decisions, optimize their offerings, and gain enhanced market insights. The upcoming Automation feature will further enhance the user experience by enabling convenient retrieval and integration of MCI Reports into partners’ systems. By leveraging MCI Reports and embracing Automation, our partners can stay ahead of the competition and achieve greater success in the lending marketplace.
Want to know more about MCI Reports? Reach out to us at partnersupport@engine.tech.
Disclaimer: The material provided on this site is not intended to provide legal, investment, or financial advice or to indicate the suitability of any Engine by MoneyLion product or service to your unique circumstances. For specific advice about your unique circumstances, you may wish to consult a qualified professional. Any information or statistical data sourced by Engine by MoneyLion through hyperlinks, from third-party websites, are provided for informational purposes only. While Engine by MoneyLion finds these sources to be accurate, it does not endorse or guarantee any third-party content.
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MoneyLion
MoneyLion Wins “Best Financial Literacy Tool” and “Best API” at Benzinga’s 2022 Global Fintech Awards
MoneyLion’s consumer and enterprise businesses were recognized as winners of Benzinga’s 2022 Global Fintech Awards at this year’s Fintech Deal Day
New York, December 14, 2022-- MoneyLion Inc. (“MoneyLion”) (NYSE: ML), the go-to destination for personalized financial content, products and advice, is proud to announce that it has been named “Best Financial Literacy Tool” at Benzinga’s 2022 Global Fintech Awards. MoneyLion’s enterprise business, Even Financial, was also named as the winner for “Best API.”
MoneyLion and Even Financial were honored alongside other top Fintechs, banks, research companies and more. MoneyLion’s consumer business continues to push financial literacy through innovative and personalized content. With the MoneyLion app, users can view personalized financial content in short-form video format and receive personalized financial product recommendations such as loans, insurance and investing. As MoneyLion’s enterprise offering, Even Financial digitally connects and matches consumers with real-time personalized product recommendations from banks, insurance carriers, and Fintech companies on mobile apps, websites and other digital touchpoints through its financial product search engine and Embedded Finance Marketplace technology. This technology powers both the MoneyLion Marketplace, in the MoneyLion app, as well as more than 1,000 enterprise partners.
“We’re thrilled MoneyLion’s consumer and enterprise businesses were recognized by Benzinga,” said Dee Choubey, Co-Founder and CEO of MoneyLion. “Both awards showcase MoneyLion’s every time you money approach to helping our customers. The financial literacy gap is a huge problem for millions of Americans and we remain committed to reducing its effects through engaging, informative content and key partnerships designed to bring an elevated educational experience to all.”
These awards follow the October announcement of MoneyLion University, where MoneyLion launched its latest initiative aimed at closing the gap in money and financial education across the United States.
“We could not be more pleased with Benzinga’s recognition of our company’s API technology,” stated Phill Rosen, CEO and Founder of Even Financial. “Our technology natively integrates real-time credit decisions and product recommendations from the industry’s largest network of connected financial services providers, offering access and choice to consumers searching for financial products. Our elegant Embedded Finance Marketplace, API and search engine enable any company to add trusted, personalized financial products and services to their business, reaching people when and where they need it.”
Even Financial has been named a listmaker for the Benzinga Global Fintech Awards for the last two years and was a previous award winner. In 2021, Even was selected as a listmaker for Best API and, in 2020, selected as a listmaker for both Best API and Best API Platform. In 2019, Even was awarded the Benzinga Rocky Award.
The annual Benzinga Global Fintech Awards take pride in recognizing and honoring the companies and individuals who are propelling the Fintech and financial services industry forward with the most impressive technology advancements and innovations. A panel of industry experts from a wide range of companies reviewed and judged the nominations. Winners were announced at Benzinga’s Fintech Deal Day on December 8, 2022, where MoneyLion’s Chief Customer Officer Cynthia Kleinbaum spoke on the panel, Expert Growth Hacks For Reaching Underserved Markets.
About MoneyLion MoneyLion is the go-to destination for personalized financial content, products and advice. MoneyLion’s mission is to rewire the financial system to positively change the path of every hard-working American. MoneyLion uses its proprietary data advantage and technology to empower its customers. MoneyLion engages and educates its customers with daily, hyper-personalized money-related and money-adjacent content that is delivered through each customer’s own content feed. MoneyLion provides its customers a full suite of financial and non-financial solutions, bundling its proprietary, low-cost financial products with products that are offered through its marketplace technology and network affiliate partners. MoneyLion also leverages its distinct data, technology, and network advantages to deliver leading embedded finance and marketplace solutions for enterprise customers. Since its founding in 2013, MoneyLion has empowered millions of Americans to take control of their finances and live their best financial life, every day.
For more information about the company, visit https://www.moneylion.com/ and https://www.evenfinancial.com. For investor information and updates, visit investors.moneylion.com and follow @MoneyLionIR on Twitter.
View source version on businesswire.com: https://www.businesswire.com/news/home/20221214006032/en/
MoneyLion Communications pr@moneylion.com
Caliber Corporate Advisers moneylion@calibercorporateadvisers.com
Even Financial media@evenfinancial.com
Built In
Even Named A Built In “2023 Best Places to Work”
New York, Jan. 11, 2023 -- Even Financial ("Even"), an independent subsidiary of MoneyLion Inc. (NYSE: ML), and a leading embedded finance marketplace platform, is proud to announce that it was honored in Built In’s “2023 Best Places To Work” Awards. Specifically, Even earned a place on the Hybrid Best Places to Work in New York.
The Best Places to Work Awards, now in its fifth year, honors companies across numerous categories, sizes, remote-first employers as well as in person and hybrid working companies across the U.S.
Built In determines the winners of Best Places to Work based on an algorithm, using company data about compensation and benefits, and also weighs criteria like remote and flexible work opportunities, as well as other people-first cultural offerings.
This announcement follows Even’s recent win at the Benzinga Global Fintech Awards for “Best API.”
About Even Financial
Even is the industry-leading embedded financial marketplace and independent subsidiary of MoneyLion Inc. (“MoneyLion”) (NYSE: ML). MoneyLion is a leading digital financial services and lifestyle content platform serving both consumer and enterprise customers. As part of MoneyLion’s enterprise offering, Even digitally connects and matches consumers with real-time, personalized financial product recommendations from banks, insurance carriers, and fintech companies on mobile apps, websites, and other digital touchpoints through its marketplace technology. Even's infrastructure leverages machine learning and advanced data science to solve a significant pain point in financial services customer acquisition, seamlessly bridging financial services providers (such as SoFi) and channel partners (such as TransUnion) via its industry-leading API and embedded finance marketplaces. Even enables any company to add financial products to its business, with full compliance and security at scale. Even was named one of "America's Best Startup Employers'' by Forbes for 2022 and was named to the 2021 Deloitte Technology Fast 500, which recognizes the fastest growing tech companies in the world. Learn more at www.evenfinancial.com and investors.moneylion.com.