By Tara Carter
Congratulations to our friends at NerdWallet for their Honorable Mention in the Most Innovative Non-Bank Financial Services Organization category at the 2016 BAI Global Banking Innovation Awards! Those nominated for this award are non-bank financial service organizations that provide financial products or services directly to consumers.[i]
NerdWallet stood out among many others with their free online Checking Account Tool that evaluates 14 inputs from users against more than 3,300 checking account options to connect consumers with the best possible account based on the user’s financial needs and preferences.
Let’s also not forget about their “Ask an Advisor” platform that allows consumers to ask questions to hundreds of experts to make sure everyone using this tool is supplied with the best information possible to make informed financial decisions. The National Foundation for Credit Counseling (NFCC) partners with NerdWallet on this tool by having NFCC member agency counselors serve as the experts’ consumers are directing questions towards. Together, they are able to quickly and effectively answer personal finance questions, and lead consumers down a path to good financial health.
The NFCC has also recently elected Tim Chen, co-founder and CEO of NerdWallet, to the NFCC Board of Trustees. As mentioned in a recent press release announcing Chen’s election, “NFCC members have for years provided relevant services to increase the financial capabilities of American consumers,” said NFCC President and CEO Susan C. Keating, “We welcome Tim Chen as an important addition to the NFCC Board of Trustees as we continue to serve millions of people each year.”
The NFCC is proud to be partners with NerdWallet, and congratulations again for the Honorable Mention!