Digital banking service Sesame Cash bolsters its offerings through a partnership with Green Dot Corporation.
Green Dot and Credit Sesame Partner to Enhance Financial Wellness
In a move to make financial wellness more accessible, Credit Sesame and Green Dot Corporation have joined forces. The partnership aims to leverage Green Dot's embedded finance technology to scale Sesame Cash, Credit Sesame's smart digital banking service, faster and deliver smarter, more accessible financial tools.
The collaboration will introduce several key features for Sesame Cash users. Firstly, FDIC-insured demand deposit accounts (DDAs) will be available through Green Dot's Arc platform at launch, ensuring the safety of users' deposits. Secondly, the Sesame Credit Builder, an upcoming enhancement, will allow users to build and improve their credit scores with everyday debit purchases.
David Bagatelle, the Head of Global Operations and Banking at Credit Sesame, expressed his excitement about the partnership, stating that it allows Credit Sesame to scale Sesame Cash faster and deliver smarter, more accessible tools to help people transform their finances more quickly.
Renata Caine, the GM/SVP of Embedded Finance at Green Dot, echoed Bagatelle's sentiments, emphasising that the partnership is aimed at improving consumers' financial health through embedded financial services.
The Sesame Credit Builder will help users improve their credit scores with each payment, offering innovative credit-building features in addition to the banking experience. This strategic shift to embed financial tools into users’ daily lives empowers millions of consumers to improve their financial wellness and creditworthiness.
The partnership between Credit Sesame and Green Dot is expected to deliver an even more powerful Sesame Cash experience that empowers people to take control of their money and their future. Credit Sesame's mission, to make financial wellness accessible to everyone by helping consumers grow both their credit and their cash, is set to become a reality for more users than ever before.
[1] [Source] [2] [Source] [3] [Source] [4] [Source] [5] [Source]
- Users of Sesame Cash, the digital banking service by Credit Sesame, can now access finance and technology-driven services, thanks to the partnership with ffnews.com-featured Green Dot Corporation.
- With this partnership, Credit Sesame aims to leverage Green Dot's business strategies in embedded finance to accelerate the growth of their financial wellness offerings.
