Radius Bank Receives Financial Capability Innovation Award from EVERFI and The Financial Capability Network

Boston, MA – Radius Bank, an industry-leading virtual bank focused on providing clients with banking solutions to better their financial health, has been named a winner of the 2018 Financial Capability Innovation Award. Presented by the nation’s leading technology innovator, EVERFI, Inc., the award recognizes Radius Bank’s significant efforts to improve the financial capability of Americans through unique digital learning initiatives.

“We are thrilled to receive this award as recognition of our longstanding commitment to empowering our clients in their personal finance journeys. By combining today’s top-of-the-line technology with our personalized tools and the EVERFI education platform, we can provide clients with meaningful resources to learn, grow and manage their wealth, all in an easily understandable and accessible format.”

Michael A. Butler, President & CEO

Honorees were selected based on a set of criteria that included the scale and reach of their financial education initiatives, the duration of their commitment, and unique employee volunteering activities that supplement their programs.

“Each year, we honor institutions that are truly dedicated to going above and beyond in service to their communities,” said Ray Martinez, President of Financial Education at EVERFI. “The Financial Capability Innovation Awards have given us the opportunity to share and celebrate the tremendous investment these institutions are making and continue to make in the communities where they live, work and serve. For EVERFI, our time here reminds us just how critical the role innovation continues to play in empowering Americans to pursue economic opportunity and achieve financial security for themselves, their families and their community.”

Radius Bank is committed to providing clients with the skills and knowledge needed to successfully navigate the increasingly complex financial world we live in. Radius Bank first partnered with EVERFI in the spring of 2017 to bring the web-based Money Management Academy to all clients. The program uses the latest in simulation and gaming technologies to bring complex financial concepts to life for today’s digital generation. There are currently over six hours of courses available, spanning a variety of financial topics including credit scores, insurance, credit cards, student loans, mortgages, taxes, stocks, savings, 401k’s and other critical concepts that map to national financial literacy standards.