Latest news with #Spiral
Business Wire
4 days ago
- Business
- Business Wire
Spiral Fuels Growth With Launch of Savings Center Amid Rising Demand
NEW YORK--(BUSINESS WIRE)-- Spiral, the award-winning fintech transforming digital banking with personalized savings experiences, has announced the launch of a Savings Center for banks and credit unions. This new offering enables financial institutions to grow and retain deposits, cross-sell loans, and empower account holders to save effortlessly, build stronger financial habits, and reach their financial goals through automated savings. "Spiral's Savings Center will help us stand out in a crowded digital market. It's a key part of our long-term strategy to grow deposits and deepen engagement in the communities we serve." As the average personal savings rate remains under 4%, many Americans continue to struggle with saving for long-term goals or emergencies. According to a 2024 Forbes survey, one in four Americans has less than $1,000 in savings. Furthermore, the 2025 Bankrate Savings Report found that 19% of Americans have no emergency savings at all. "Our customers have been looking for easier ways to save — and the Savings Center delivers," said Mary Mrozinski, Chief Brand & Digital Officer at West Shore Bank. "It's intuitive, effective, and built for the way people manage their money today. We're proud to offer solutions that make financial wellness more accessible in the communities we serve." At the same time, thousands of financial institutions are under pressure to stand out, grow deposits, increase primacy, and deepen savings and loan relationships. While high-yield CD offerings may attract attention, they often come with high acquisition costs and short-term, non-sticky deposits of rate chasers. Spiral's Savings Center provides a better and more effective solution, helping financial institutions elevate their digital experience by offering innovative, automated savings tools that increase deposits and growth at a low cost. "Spiral's Savings Center will help us stand out in a crowded digital market. It's a key part of our long-term strategy to grow deposits and deepen engagement in the communities we serve. We're excited to lead the way with experiences that truly put our customers first," said Brandon Gaffney, SVP/Marketing Director at Regent Bank. Designed in response to meet rising demand for smarter savings tools, the Savings Center is already gaining rapid traction among leading banks and credit unions across the U.S. It offers a range of gamified and automated ways to save, from innovative auto-savings and round-up savings to personalized goal tracking — all designed to help different people save consistently, easily, and with confidence. For financial institutions, it's a win-win: boost deposit growth, increase savings accounts and transactions, and win primacy by helping account holders thrive. "With Spiral, our customers will be empowered to save effortlessly for their life goals, such as buying a home, taking a vacation, or saving for a car. We're making it easier for customers to reach their financial goals, find new ways to grow their savings, and support their communities through everyday banking," said Simon Griffiths, President and CEO at Camden National Bank. In less than a year, Spiral has powered millions of savings transactions for dozens of financial institutions nationwide. Spiral enables fast and seamless integration for over 2,000 financial institutions, embedding the Savings Center directly into their existing digital banking apps. Within just 3 to 6 months of launch, up to 15% of a financial institution's users actively use Spiral daily. On average, within 90 days of enrollment, account holders have shown: up to a 16% increase in monthly deposits, a 31% boost in card transaction volume, and a 15% increase in digital engagement. "As people look for easier ways to save money, community financial institutions are losing deposits to mega banks and fintech companies," said Shawn Melamed, CEO and Co-founder of Spiral. "This is an exciting milestone on our journey to empowering more financial institutions to become the primary choice for savings, cards, loans, and giving." To learn more about Spiral's Savings Center or request a demo, visit About Spiral Headquartered in New York City, Spiral is an award-winning platform redefining how financial institutions grow deposits, retention, and accounts through personalized banking experiences people love. Trusted by dozens of banks and credit unions, Spiral powers millions of transactions, turning institutions into the primary choice for savings, cards, loans, and giving. With Spiral, financial institutions empower account holders to effortlessly save and support their communities through any bank account, debit card, or credit card. To learn more, visit
Business Wire
22-07-2025
- Business
- Business Wire
Newtown Savings Bank Selects Spiral to Drive Financial Wellness and Community Impact Through Everyday Banking
NEW YORK--(BUSINESS WIRE)-- Spiral, the award-winning personalized banking platform, today announced a partnership with Newtown Savings Bank, a leading Connecticut-based bank with over 165 years of service. The partnership will enable Newtown Savings Bank to amplify customer engagement and grow deposits through personalized digital experiences that transform everyday purchases into effortless savings and community impact. "Through Spiral's Roundup Center, customers can seamlessly achieve their financial goals while positively contributing to their community, all without changing their daily spending habits." Share By integrating Spiral's Roundup Center seamlessly into the digital banking experience, customers will be empowered to automatically round up their everyday purchases and direct the spare change toward their savings goals or support their favorite charitable causes, directly benefiting their communities and nonprofits. "Newtown Savings Bank is committed to providing our customers with cutting-edge financial solutions that ensure their financial well-being," said Anthony Giobbi, Executive Vice President, Chief Banking Officer of Newtown Savings Bank. "Through Spiral's Roundup Center, customers can seamlessly achieve their financial goals while positively contributing to their community, all without changing their daily spending habits." Customers can allocate their roundups entirely to savings or split them between savings and charitable giving. Moreover, they will also be able to support community and national nonprofits, as well as contribute to local causes such as affordable housing, financial education, and community development. This personalized experience also includes real-time impact tracking and tax-deductible donation receipts. "It's inspiring to see how Newtown Savings Bank champions both financial wellness and digital innovation for their communities," said Shawn Melamed, CEO and Co-founder of Spiral. "We're excited to support more banks in improving their customers' lives while growing deposits and creating stronger, more connected communities." Spiral's turnkey solutions integrate with leading digital banking providers and core systems. To learn more about Spiral's platform, please contact Spiral here. About Spiral Headquartered in New York City, Spiral is an award-winning fintech helping banks and credit unions to grow deposits and retention through personalized banking experiences. With Spiral, financial institutions can empower their account holders to build savings, achieve financial freedom, and easily support their communities through any online bank account, debit card, or credit card. Spiral powers millions of card transactions and thousands of community donations for financial institutions across the country. Recognized as a Top 100 Financial Technology Company, Spiral makes it easy for financial institutions to drive local impact and empower millions of people to build better lives. Spiral is backed by Team8, Euclidean Capital, Intuition Fund, Communitas Capital, Phoenix, Nidoco AB, MTVO, Curql, ICBA, and more. To learn more, visit About Newtown Savings Bank Newtown Savings Bank is a community bank headquartered in Newtown, Connecticut, with over $1.8 billion in assets. The Bank has been deeply committed to its customers and the community since 1855. It has 15 branches located in Newtown, Bethel, Bridgeport, Brookfield, Danbury, Monroe, Oxford, Shelton, Southbury, Trumbull, and Woodbury, along with the New Haven Regional Lending Center in Hamden, CT. For more information and location details visit or call 800.461.0672. Member FDIC. Equal Housing Lender.
Yahoo
08-07-2025
- Business
- Yahoo
Spiral Selected for FinovateFall 2025 Alongside The World's Most Innovative Fintechs
NEW YORK, July 08, 2025--(BUSINESS WIRE)--Spiral, the award-winning fintech transforming digital banking with personalized savings experiences, has been selected to demo at FinovateFall 2025, the premier fintech showcase spotlighting the most innovative fintech companies shaping the future of financial services. Backed by industry leaders, Spiral is trusted by dozens of financial institutions and is experiencing rapid momentum, with 280% year-over-year growth, millions of savings transactions, and thousands of donations to communities already facilitated through its platform. Adoption and engagement rates are remarkably high across Spiral's experiences, driving high daily usage among account holders. Spiral was recently named a Top 100 Financial Technology Company and has earned prestigious industry recognition, including CUNA's Best-in-Show Award, ICBA's ThinkTECH MVP Award, and Innovation Series Finalist. This recognition reinforces its position as a leader in fintech innovation and establishes it as the go-to innovator behind next-generation banking experiences. Spiral's award-winning experiences are seamlessly embedded into the digital banking experience, enabling financial institutions to grow core deposits, increase loan demand, and boost retention through personalized and engaging banking experiences. With Spiral, banks and credit unions can become the primary institutions for savings, cards, loans, and charitable giving. "Americans are saving less than 4% of their disposable income, and financial institutions are fighting to grow deposits and membership in a rate-sensitive market," said Shawn Melamed, CEO and Co-founder of Spiral. "Spiral gives banks and credit unions powerful tools to boost savings, grow deposits, and build deeper relationships — all while improving people's financial health." This year, Spiral will demo its newest products — Savings Center, Roundup Center, and Giving Center — live on the FinovateFall stage in New York City. The demo will be led by CEO and Co-founder Shawn Melamed and VP of Product Cindy McLaughlin. Spiral's Savings Center and Roundup Center enable account holders to save every day, set and achieve their financial goals, get personalized financial insights, and grow their savings effortlessly with gamified, automated saving experiences that offer a superior user experience. The Giving Center helps financial institutions build deeper emotional connections with account holders by enabling them to manage all their charitable giving and easily support their favorite causes and charities. It also empowers institutions to launch local fundraisers, deepen community impact, and attract nonprofit business clients — all within the digital banking experience. "As the world's premier fintech showcase, FinovateFall is where financial services meets the future," said Greg Palmer, VP of Strategy at Finovate. "We're excited to welcome Spiral to the stage this fall and see how their embedded banking solutions can help institutions gain a competitive edge." This recognition marks another milestone in Spiral's mission to transform financial wellness, deepen community engagement, and empower banks and credit unions to thrive. To learn more or book a demo, contact Spiral at About Spiral Headquartered in New York City, Spiral is an award-winning fintech helping banks and credit unions to grow deposits and retention through personalized banking experiences. With Spiral, financial institutions can empower their account holders to build savings, achieve financial freedom, and easily support their communities through any online bank account, debit card, or credit card. Spiral powers millions of transactions and thousands of community donations for financial institutions nationwide. Recognized as a Top 100 Financial Technology Company, Spiral makes it easy for financial institutions to drive community impact and empower millions of people to build better lives. Spiral is backed by Team8, Euclidean Capital, Intuition Fund, Communitas Capital, Phoenix, Nidoco AB, MTVO, Curql, ICBA, and more. To learn more, visit View source version on Contacts Media Contact press@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
08-07-2025
- Business
- Business Wire
Spiral Selected for FinovateFall 2025 Alongside The World's Most Innovative Fintechs
NEW YORK--(BUSINESS WIRE)-- Spiral, the award-winning fintech transforming digital banking with personalized savings experiences, has been selected to demo at FinovateFall 2025, the premier fintech showcase spotlighting the most innovative fintech companies shaping the future of financial services. "We're excited to welcome Spiral to the stage this fall to show how their embedded banking experiences help institutions grow fast and gain a competitive edge." Backed by industry leaders, Spiral is trusted by dozens of financial institutions and is experiencing rapid momentum, with 280% year-over-year growth, millions of savings transactions, and thousands of donations to communities already facilitated through its platform. Adoption and engagement rates are remarkably high across Spiral's experiences, driving high daily usage among account holders. Spiral was recently named a Top 100 Financial Technology Company and has earned prestigious industry recognition, including CUNA's Best-in-Show Award, ICBA's ThinkTECH MVP Award, and Innovation Series Finalist. This recognition reinforces its position as a leader in fintech innovation and establishes it as the go-to innovator behind next-generation banking experiences. Spiral's award-winning experiences are seamlessly embedded into the digital banking experience, enabling financial institutions to grow core deposits, increase loan demand, and boost retention through personalized and engaging banking experiences. With Spiral, banks and credit unions can become the primary institutions for savings, cards, loans, and charitable giving. "Americans are saving less than 4% of their disposable income, and financial institutions are fighting to grow deposits and membership in a rate-sensitive market," said Shawn Melamed, CEO and Co-founder of Spiral. "Spiral gives banks and credit unions powerful tools to boost savings, grow deposits, and build deeper relationships — all while improving people's financial health." This year, Spiral will demo its newest products — Savings Center, Roundup Center, and Giving Center — live on the FinovateFall stage in New York City. The demo will be led by CEO and Co-founder Shawn Melamed and VP of Product Cindy McLaughlin. Spiral's Savings Center and Roundup Center enable account holders to save every day, set and achieve their financial goals, get personalized financial insights, and grow their savings effortlessly with gamified, automated saving experiences that offer a superior user experience. The Giving Center helps financial institutions build deeper emotional connections with account holders by enabling them to manage all their charitable giving and easily support their favorite causes and charities. It also empowers institutions to launch local fundraisers, deepen community impact, and attract nonprofit business clients — all within the digital banking experience. "As the world's premier fintech showcase, FinovateFall is where financial services meets the future," said Greg Palmer, VP of Strategy at Finovate. "We're excited to welcome Spiral to the stage this fall and see how their embedded banking solutions can help institutions gain a competitive edge." This recognition marks another milestone in Spiral's mission to transform financial wellness, deepen community engagement, and empower banks and credit unions to thrive. To learn more or book a demo, contact Spiral at About Spiral Headquartered in New York City, Spiral is an award-winning fintech helping banks and credit unions to grow deposits and retention through personalized banking experiences. With Spiral, financial institutions can empower their account holders to build savings, achieve financial freedom, and easily support their communities through any online bank account, debit card, or credit card. Spiral powers millions of transactions and thousands of community donations for financial institutions nationwide. Recognized as a Top 100 Financial Technology Company, Spiral makes it easy for financial institutions to drive community impact and empower millions of people to build better lives. Spiral is backed by Team8, Euclidean Capital, Intuition Fund, Communitas Capital, Phoenix, Nidoco AB, MTVO, Curql, ICBA, and more. To learn more, visit
Business Wire
24-06-2025
- Business
- Business Wire
Camden National Bank Selects Spiral to Empower Customers with Personalized Savings and Financial Wellness Tools
NEW YORK--(BUSINESS WIRE)-- Spiral, an award-winning personalized banking platform, today announced a partnership with Camden National Bank, a premier Northern New England community bank. Known for its commitment to helping individuals and businesses achieve their financial goals, Camden National Bank will leverage Spiral's innovative platform to enhance its digital banking experience, deepen customer engagement, and drive customer loyalty. "With Spiral, our customers will be empowered to save effortlessly for their life goals, such as buying a home, taking a vacation, or saving for a car. We're making it easier for customers to reach their financial goals." Share Through this partnership, Camden National Bank's customers can seamlessly round up everyday debit card transactions to savings or donate to causes they care about. Additionally, Camden National Bank's new Giving Center will allow customers to donate directly to a nonprofit organization from their bank account, track their impact, and get real-time donation receipts for tax purposes. "We're always looking for innovative ways to help our customers build financial security while making a meaningful impact," said Simon Griffiths, President and CEO at Camden National Bank. "With Spiral, our customers will be empowered to save effortlessly for their life goals, such as buying a home, taking a vacation, or saving for a car. We're making it easier for customers to reach their financial goals, find new ways to grow their savings, and support their communities through everyday banking." Many Americans continue to struggle to save for such long-term goals or emergencies, with one in four Americans having less than $1,000 in savings, according to a 2024 survey by Forbes. Furthermore, according to the 2025 Bankrate's Savings report, 19% reported having no emergency savings at all. Camden National Bank has partnered with Spiral to offer innovative savings tools that enable customers to make saving easier, more automated, and accessible to people across all income levels and demographics. "Camden National Bank's commitment to helping customers build stronger financial futures and support their communities is remarkable," said Shawn Melamed, CEO and Co-Founder of Spiral. "We are proud to empower more financial institutions to thrive, drive financial wellness, and grow deposits while delivering experiences people love—making saving easier, more rewarding, and more impactful." Spiral's turnkey solutions integrate with leading digital banking providers and core systems. To learn more about Spiral's platform, please contact Spiral here. About Spiral Headquartered in New York City, Spiral is the award-winning platform that helps banks and credit unions grow deposits and build deeper relationships that boost retention and loans through personalized banking experiences. With Spiral, financial institutions can empower their account holders to achieve financial freedom and easily support their communities through any online bank account, debit card, or credit card. Thus, Spiral makes it simple for financial institutions to drive positive change and empower millions of people to build better lives. Spiral is backed by Team8, Euclidean Capital, Intuition Fund, Communitas Capital, Phoenix, Nidoco AB, MTVO, Curql, ICBA, and more. To learn more, visit About Camden National Bank Camden National Corporation (NASDAQ: CAC) is Northern New England's largest publicly traded bank holding company, with $7.0 billion in assets. Founded in 1875, Camden National Bank has 72 branches in Maine and New Hampshire, is a full-service community bank offering the latest digital banking, complemented by award-winning, personalized service. Member FDIC. Equal Housing Lender. Comprehensive wealth management, investment, and financial planning services are delivered by Camden National Wealth Management.
