Radius Bank Embarks on a Long-Term Partnership with iHuddl
Collaborative endeavor will give universal access to financial investment products and services
BOSTON – June 18, 2019
Radius Bank, an industry-leading virtual bank, today announced its long-term partnership with iHuddl Inc., an innovative platform providing the masses with access to investment products and services previously available only to the wealthy — furthering Radius’ commitment to driving the future of banking and financial services.
Huddl was founded with the desire to deliver robust financial products and services, that are essential to improving overall financial wellness for everyone. To make this desire a reality, the platform found a visionary partner in Radius Bank, using the Bank’s superior digital banking technology to enable account enrollment within just 60 seconds – the fastest account opening in the industry. Together, leveraging Huddl’s innovative social financial platform and app, the partnership will offer two of Radius’ award-winning accounts to Huddl’s customers: High Yield Savings and Hybrid Checking.
“This long-term partnership between Radius Bank and Huddl represents our commitment to ensuring every consumer has equal access to essential banking and investment products and services,” said Mike Butler, CEO of Radius Bank. “We’re excited to see where this partnership takes us and look forward to the innovation ahead.”Mike Butler, Radius Bank President & CEO
Huddl’s robust consumer-to-business social marketplace for banking and investment products and services is a first-of-its-kind platform, built to make the delivery of complex financial products and services frictionless. Users’ money is seamlessly pooled together to unlock collective buying power, giving access to essential banking and investing opportunities, such as global stocks, checking with interest, private equity funds, global bonds, hedge funds, cryptocurrency, and more.
“We’re excited to have Radius as a long-term partner as today’s announcement represents the beginning of a fundamental shift in global financial services,” said Stephen Corliss, CEO of iHuddl. “Technology and blockchain innovation now allow us to break down barriers and remove friction for both consumers and financial firms, to ensure everyone has equal access to essential financial products and services in a seamless, safe and supportive environment. By expanding digital delivery models in new and innovative ways, financial firms of all types can now deliver a broader set of products and services directly to customers of all income levels across both urban and rural communities.”Stephen Corliss, CEO of iHuddl
About Radius Bank
With assets of approximately $1.3 billion, Radius Bank is a forward-thinking community bank offering a full complement of leading-edge personal and business products and services. The Bank serves consumers, small and middle market businesses, unions, government entities and non-profit organizations as its core clients. The Bank’s award-winning virtual banking platform allows clients to bank from anywhere with a computer or mobile device. Convenient features like check deposit, bill pay, person-to-person (P2P) payments and card management are all available to personal clients, with advanced treasury management and loan payments solutions available for business clients. Radius Bank is a member of the Federal Deposit Insurance Corporation and is an Equal Housing/Equal Opportunity Lender. For further information, visit the Bank’s website at radiusbank.com, or follow the Bank on Twitter, LinkedIn, Facebook, and Instagram.
About iHuddl Inc.
Huddl is the first platform where everyday savers and investors can collaborate, pool their assets and get access to financial products and services previously available only to the wealthy. Financial consumers and service providers both benefit from the unprecedented cost-efficiencies enabled by the Huddl platform. Everyday consumers pay lower fees and receive unprecedented access to banking and investment products and servicesthrough an easy to use mobile platform. Providers benefit from expanded customer channels, product distribution and direct access to end investors. For further information, visit the Huddl’s website at www.ihuddl.com, or follow Huddl on Twitter, LinkedIn, Facebook, and Instagram.