An enhanced smart transfer feature could encourage users to make transfers from their Chip savings to their investment accounts, helping them generate higher returns over the long term with minimal manual management. This would both enhance customer satisfaction and attract more users to the investment accounts, generating more revenue.
Trading on the NASDAQ, the Independence Holdings Corp. will acquire fintechs valued between $2 billion and $10 billion and will pay particular attention to those that process payments between businesses or provide financial management services.
It is unlikely that US adults will be doubling down on their investments anytime soon. Per July 2020 polling from consulting firm Phase5, 45% of US adults said that the pandemic has not created good investment opportunities.