AlgoPear

The Financial Wellness Co-Pilot Ecosystem for Personalized Banking

Contact for Pricing

Description

AlgoPear is a comprehensive AI-powered solution designed for financial institutions, such as credit unions and banks, aiming to modernize their digital offerings and attract younger demographics. It provides an award-winning turnkey financial wellness co-pilot that integrates directly into existing digital banking platforms, personalizing member experiences and fostering deeper engagement. By offering tools focused on financial literacy and wealth building, AlgoPear helps institutions grow next-generation engagement and deposits.

The platform achieves this by embedding a suite of capabilities that guide members toward financial freedom. These include interactive financial education tailored to individual interests, tools for holistic money management with a 360-degree view of finances, and accessible investment options like fractional shares and custom portfolio generation. AlgoPear also emphasizes security and compliance, ensuring a safe environment for both the institution and its members, alongside robust support for integration and adoption campaigns.

Key Features

AI-Powered Financial Co-Pilot (SeleneAI): Provides personalized financial literacy through themed courses and a 24/7 bot, money management tools, and rewards for positive financial habits to engage members.
Integrated Wealth-Building Suite: Offers fractional investing starting from $1, guided self-directed investing, custom portfolio generation, access to multi-assets (stocks, options, ETFs, crypto), and high-yield cash accounts.
Holistic Financial Overview: Delivers a 360-degree view of all member accounts in one place, enabling personalized insights and a guided financial roadmap.
Turnkey Digital Banking Integration: Facilitates seamless integration into existing digital banking platforms (mobile/web) using APIs/SDKs with Single Sign-On (SSO) and dedicated support.
Compliance and Security Framework: Adheres to SOC 2 Type II standards, FINRA and SEC approvals, and includes KYC, AML, CIP protocols for enhanced security.
Institutional Growth Tools: Includes an admin dashboard for tracking engagement and AUM, an advisor nurture tool for deposit growth, and marketing & operational support for adoption campaigns.

Use Cases

Attracting Millennial and Gen-Z account holders to financial institutions.
Increasing member engagement in digital banking platforms.
Providing personalized financial literacy and education to bank members.
Offering accessible wealth-building and investment tools within a banking app.
Retaining deposits by offering competitive fintech-like services.
Facilitating the Great Wealth Transfer to younger generations by providing modern wealth-tech.

Frequently Asked Questions

How does the integration process work?

AlgoPear partners with leading digital banking providers to simplify integration. Their APIs come with dedicated development support, and implementation typically takes as little as 2-4 weeks, depending on the provider.

Can I access reports on how members are using AlgoPear?

Yes, AlgoPear's intuitive admin dashboard provides real-time insights into member engagement, retention, and AUM growth, helping measure performance and impact.

Is AlgoPear compliant and secure?

Yes, AlgoPear ensures full regulatory compliance through partners like Comply (RIA-in-a-Box) and Alpaca Markets. Its infrastructure meets SOC 2 Type II standards, is FINRA and SEC approved, and includes advanced cybersecurity protocols.

How many license seats should my FI purchase?

Pricing is based on expected adoption within your digital-first member base. Contracts typically start at 10% of total account holders or 20,000 seats. Usage-based pricing is also available for approved smaller institutions, and marketing support is provided to drive adoption.

What if my financial institution has fewer members, for instance, under 100,000 retail account holders?

AlgoPear works with institutions under 100,000 retail account holders, offering flexible pricing designed to support your growth while making integration easy and accessible.