MoneyLion Inc. - ML STOCK NEWS

MoneyLion (NYSE: ML), a digital financial ecosystem provider, has announced its upcoming participation in the 2024 KBW Fintech Conference. The event is scheduled for Thursday, November 14, 2024 in New York, NY. Interested parties seeking additional information or one-on-one meeting opportunities can contact their conference representative or reach out to MoneyLion's investor relations team via ir@moneylion.com.

MoneyLion (NYSE: ML) has launched MoneyLion Checkout, a revolutionary marketplace solution that transforms how consumers interact with financial products. This new platform allows users to search, apply for, and complete transactions across numerous third-party financial products within the MoneyLion ecosystem. Key features include:

1. Seamless integration of consumer and third-party data with financial services partners
2. Real-time transaction completion across hundreds of providers
3. Automated pre-filling of application forms using consumer-permissioned data
4. Streamlined prequalification process with hosted decisioning models
5. AI-driven insights for better product alignment with consumer demand

Initial results show pilot partners have reduced data costs, increased customer application completion rates by 23.5%, and boosted revenue by 31.4%. MoneyLion Checkout will be available across MoneyLion's marketplace of over 500 distribution channels.

MoneyLion Inc. (NYSE: ML), a digital ecosystem for consumer finance, has announced it will release its third quarter 2024 financial results on Thursday, November 7, 2024. The company will host an earnings conference call at 8:30 a.m. ET on the same day. Investors can access a live webcast of the call and supporting materials at investors.moneylion.com. A replay and transcript will be available on the website following the call.

For those wishing to join the call, the toll-free dial-in number is 1-800-715-9871, and the international dial-in number is 1-646-307-1963. The conference ID is 6861045. Participants are advised to call 5-10 minutes before the start time and ask for the MoneyLion third quarter 2024 earnings call.

MoneyLion (NYSE: ML) has released a new report on U.S. Hispanic Financial Literacy & Empowerment for 2024, conducted by The Harris Poll. Key findings include:

1. 24% of U.S. Hispanics prefer social media for financial guidance, compared to 17% of Non-Hispanics.

2. 45% of U.S. Hispanics want to learn more about saving money, versus 33% of Non-Hispanics.

3. 68% of U.S. Hispanics report lack of time to access financial resources, compared to 51% of Non-Hispanics.

4. U.S. Hispanic financial literacy rate is 54%, significantly lower than 69% for Non-Hispanics.

5. Only 53% of U.S. Hispanics have an emergency fund, compared to 67% of Non-Hispanics.

MoneyLion aims to address these disparities through initiatives like their 'No Stupid Questions' content series, focusing on quick, accessible financial education.

MoneyLion Inc. (NYSE: ML) has partnered with Nova Credit to integrate cash flow underwriting within its consumer finance ecosystem. This collaboration enables lenders on MoneyLion's platform to utilize Nova Credit's Cash Atlas™ analytics, providing a more comprehensive view of consumer financial health and expanding credit access.

The partnership allows credit issuers to leverage consumer-permissioned bank transaction data for more informed underwriting decisions. Concora Credit, a service provider for consumers with less-than-perfect credit, is among the first to utilize this capability. By combining embedded marketplace technology with enhanced data analytics, MoneyLion aims to expand credit access while enhancing risk management.

This integration strengthens MoneyLion's ability to provide financial institutions with better tools for credit decisions, potentially serving a broader range of consumers.

Pathward Financial, Inc. (Nasdaq: CASH) and MoneyLion (NYSE: ML) have extended their partnership until 2029, adding three years to their collaboration that began in 2020. The partnership's most notable product is RoarMoney, a Demand Deposit Account offered through MoneyLion's mobile application. Pathward, a national bank focused on financial inclusion, provides Banking as a Service solutions to enable payments innovators like MoneyLion to meet customer needs.

Will Sowell, Pathward's Divisional President of Banking as a Service, expressed enthusiasm for continuing to deliver innovative banking solutions to enhance MoneyLion customers' financial experiences. MoneyLion's CEO, Dee Choubey, praised Pathward's compliance culture, regulatory knowledge, and banking experience, highlighting the confidence gained from their collaboration.

MoneyLion Inc. (NYSE: ML), a digital ecosystem for consumer finance, has announced its participation in two upcoming investor conferences in September 2024. The company will attend the 7th Annual B. Riley Securities Consumer & TMT Conference and the Lake Street Capital Markets 8th Annual Best Ideas Growth Conference, both taking place on Thursday, September 12, 2024 in New York, NY.

These conferences provide MoneyLion with opportunities to engage with investors and showcase its financial technology solutions. Interested parties can contact MoneyLion's investor relations team at ir@moneylion.com for additional information or to schedule one-on-one meetings during the events.

MoneyLion Inc. (NYSE: ML), a digital finance ecosystem, has announced a $20 million share repurchase program authorized by its Board of Directors. The program allows MoneyLion to buy back its outstanding Class A common stock through various methods, including open market transactions and privately negotiated deals. With no fixed expiration date, the repurchase volume and timing will depend on market conditions and other factors.

MoneyLion retains the flexibility to modify, suspend, or discontinue the program at its discretion. The company plans to fund the repurchases from existing cash reserves and future cash flows. As of June 30, 2024, MoneyLion had approximately $98 million in cash and cash equivalents. The company reported 10,968,455 shares of Class A common stock outstanding as of August 1, 2024.

MoneyLion (NYSE: ML), a digital ecosystem for consumer finance, has announced its participation in the 6th Annual Needham FinTech & Digital Transformation Virtual 1x1 Conference. The event is scheduled for Thursday, August 15, 2024, and will be held virtually. This conference provides an opportunity for investors to engage with MoneyLion representatives and gain insights into the company's operations and strategies.

Interested parties can schedule one-on-one meetings with MoneyLion by contacting their conference representative or reaching out directly to MoneyLion's investor relations team at ir@moneylion.com. This participation underscores MoneyLion's commitment to maintaining open communication with investors and showcasing its role in the evolving fintech landscape.