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Millennial Money: 3 ways COVID-19 reshuffled our finances

The U.S. economy ground to a halt in March 2020 as state after state issued lockdown orders and shut down businesses to blunt the spread of the coronavirus. ....

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David Adefeso and Sootchy App Take on Black Financial Literacy Gap by Partnering with Capital City Lighthouse Charter School

Press release content from Business Wire. The AP news staff was not involved in its creation.
David Adefeso and Sootchy App Take on Black Financial Literacy Gap by Partnering with Capital City Lighthouse Charter School
February 25, 2021 GMT
LOS ANGELES (BUSINESS WIRE) Feb 25, 2021
As we near the end of Black History Month, the impact of African Americans on our society continues to spread far and wide - in this case, through generations. On a mission to close the African American financial literacy gap, Sootchy announced today it will be partnering with Lighthouse Academies at their Capital City campus in North Little Rock, AR to help the next generation of Black scholars achieve their education without student loans. ....

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Sterling National Bank Partners with Goalsetter to Bring Savings Accounts to One Million ...

Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Sterling National Bank Partners with Goalsetter to Bring Savings Accounts to One Million .
Sterling BancorpFebruary 16, 2021 GMT
PEARL RIVER, N.Y., Feb. 16, 2021 (GLOBE NEWSWIRE) Sterling National Bank, the wholly-owned operating bank subsidiary of Sterling Bancorp (NYSE: STL), today announced that it is partnering with Goalsetter, a Black-owned financial services mobile app aimed at promoting financial literacy and empowerment amongst K-12 students. Sterling National Bank will participate in Goalsetter’s “Drafted” initiative, a campaign to bring savings accounts to one million students in minority communities. ....

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Neo Financial Teams Up With Concentra Bank to Offer Neo Savings, the First Canadian Fintech to Offer a CDIC-Eligible High-Interest Savings Account

Press release content from Business Wire. The AP news staff was not involved in its creation.
Neo Financial Teams Up With Concentra Bank to Offer Neo Savings, the First Canadian Fintech to Offer a CDIC-Eligible High-Interest Savings Account
January 13, 2021 GMT
CALGARY, Alberta (BUSINESS WIRE) Jan 13, 2021
Neo Financial (Neo), a Calgary-based fintech company created by two of the co-founders of SkipTheDishes, has announced a first-of-its-kind collaboration with Concentra Bank (Concentra), a Schedule 1 bank that is quietly fuelling innovation. Through this relationship, Neo is the first Canadian fintech company to offer a CDIC-eligible high-interest savings account that works like an everyday banking account. The accounts are held at Concentra, a Canada Deposit Insurance Corporation (CDIC) member bank. Together, Neo and Concentra have opened the door for innovation that has historically not been accessible within Canada’s consumer banking sector. ....

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