FinTech Providers Pivot to Faster Consumer Cash-Flow Management

FinTech providers and payments companies once centered their products on saving, investing and building wealth, but their focus is now shifting to managing everyday liquidity. For hourly workers with volatile incomes, mismatches between paydays and the due dates for bills and living expenses can leave them short of available cash even after they have earned the money. Immediate access to funds and tools for managing them have therefore become more urgent needs.

The latest research indicates that hourly workers' main financial strain stems from the time lag between earning income and gaining access to the funds. FinTech and payments providers are therefore accelerating the rollout of instant payments, earned-wage access and cash-flow management tools. However, the available information does not identify the research organization, publication date, sample size or amounts involved. Those figures remain subject to confirmation from the original report.