In June 2020, we conducted our annual Personal Finance Sentiment Survey to help us better understand Canadian consumers. In this upcoming series, we will be releasing our core findings through four infographics on Canadians and Budgeting in Uncertain Times, Canadians and their Credit Confidence, and Canadians Loans, Debt & Insolvency. Canadians now have the opportunity to explore different software, websites and apps to help better their personal finances. Today, we will explore Canadians and their relationship with Financial Technology.
Canadians and their relationship with Financial Technology
When it comes to financial technology, we found that 74% of respondents do not use personal finance websites or apps to manage their finances. When it comes to what matters most to Canadian’s when searching for the right financial technology, it resulted that 39% valued “Ease of use” and 39% found the “improvement in your overall finances” as the most important factor.
In comparison, it was found that 36% surveyed were led to the use of a personal finance app due to a significant financial event. When asked about a financial technology product that would help boost their credit score, 27% of respondents said they would consider using one if they found the right product at the right price.
Meet Score-Up, the most effective credit building solution that can build your credit score in as little as one month. Score-Up is the only solution in Canada that combines revolutionary point deduction, monitoring, coaching and budgeting technology. This provides you with real-time recommendations to consistently boost your credit score. Find out more about Score-Up here.
Marble Financial (CSE: MRBL; OTCQB: MRBLF). We are a group of forward-thinking financial technology experts that understand Canadian’s occasionally need help in achieving longer-term credit health. Through our industry-leading proprietary technology solutions Fast Track Loan, Score Up, and Credit Meds. We guide our customers back to mainstream credit 50% quicker than traditional methods. Since 2016, We are proud to have empowered thousands of Canadians to a positive financial future. With this, we continue to establish ourselves as a leader in financial wellness.
[Source: Survey of existing MyMarble users]