iQuantifi, the first virtual financial advisor to provide comprehensive, goal-based planning advice to millennials and young families, announced today that their cloud-based platform is now available to financial institutions.
iQuantifi is a low-cost, turnkey solution that provides banks, credit unions and other financial institutions the opportunity to reach the underserved millennial demographic, offering them automated and personalized financial advice via an intuitive, web-based advisor.
Praised for its engaging user interface at the FinovateFall 2014 conference in New York, iQuantifi's unique algorithmic engine provides a real-time, dynamic, digital financial planning experience for millennial users, a demographic that has been slow to embrace traditional brick-and-mortar banks. The iQuantifi platform offers personalized, sound advice that adapts to a millennial's changing financial situation, allowing them to meet both short and long-term financial goals.
"Record numbers of college graduates are starting their professional life with a tremendous amount of debt," said Tom White, Founder and CEO of iQuantifi. "They don't know where to start and many are paralyzed by the financial challenges they face. Our technology enables banks to serve this market in a comprehensive and cost-effective manner."
By partnering with banks and credit unions, iQuantifi provides institutions the opportunity to engage millennials with a dynamic and intelligent platform and integrate their suite of products into their customers' lives.