The regional US financial institution Timberland said it has hired Spiral to upgrade its digital infrastructure.
The Washington state-based bank has started testing Spiral’s software platform with the aim to improve the online banking experience for its customers.
Spiral said that its turnkey solutions will be integrated with the core systems of the bank.
As part of the revamp, Spiral is integrating an ‘Everyday Impact’ feature for the bank, which allows customers to round up their everyday purchases to save, while also being able to support charitable causes and initiatives of their choice.
“We are enhancing the banking experience of our customers by offering easy ways for them to build their savings and make a positive difference,” stressed Jonathan Fischer, President & COO at Timberland Bank.
“Adding Spiral allows our customers to grow their finances and donate to their preferred causes in a way that fits their unique needs and values,” he added.
“Timberland Bank is known for providing great services and its long history of community giving. By making it easy to grow savings and give back through everyday banking, their customers will be able to save for their futures and feel like heroes every day,” said Shawn Melamed, CEO and Co-founder of New York City-based Spiral.
“We look forward to helping more financial institutions enhance engagement, grow deposits, and attract new account holders while empowering people to build better lives for themselves and stronger communities together.”
Spiral is spearheaded by fintech entrepreneur Shawn Melamed, a former Managing Director of Morgan Stanley’s Technology Business Development and Innovation Offices.
Jim Rosenthal, a former COO of Morgan Stanley, is also part of Spiral’s board. The firm is backed by Team8, Euclidean Capital, Intuition Fund, Communitas Capital, Phoenix, Nidoco AB, MTVO, Curql, ICBA, and more. To learn more, visit Spiral.us.
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