Dear Spiral Community,
We're excited to share the news of our partnership with Regent Bank, a leading Oklahoma-based community bank. With Spiral, Regent will be able to grow and retain deposits at a low cost while delivering innovative, personalized digital experiences. Regent's customers will be able to effortlessly save for their financial goals through everyday purchases and digital banking, while also supporting local nonprofits and community causes.
Personalized Savings With Impact
With the average personal savings rate still below 4%, many Americans continue to struggle to save for long-term goals or emergencies. Spiral's Savings Center will enable Regent's customers to build savings automatically through personalized, gamified experiences like innovative Auto-Savings and goal tracking, tailored to customers' needs. Customers can easily set and reach goals like buying a home, starting a business, purchasing a car, or saving for travel—making saving easier and more engaging.
Through this partnership, Regent Bank will also be able to transform everyday purchases into effortless savings and community impact. Customers will be empowered to automatically round up their everyday purchases and direct the spare change toward their savings goals or support their favorite charitable causes and nonprofits. Additionally, their new Giving Center will allow customers to donate directly from their banking accounts, create a personalized portfolio of causes, track their charitable impact, and receive donation reports for tax purposes.
"We're committed to strengthening the financial well-being of our communities," said Steve Baker, Chief Innovation Officer at Regent Bank. "With Spiral, our customers can achieve their financial goals while supporting the causes they care about—making everyday banking a powerful way to grow both their savings and community impact."
Helping Customers and Communities Thrive
By adding Spiral, Regent Bank will drive more awareness and digital donations to local nonprofits, and will be able to attract more nonprofit businesses to create positive change in their communities through fundraising campaigns, donation matching, and community-wide events. This initiative reflects the bank's broader initiative to support nonprofit organizations through dedicated business banking services designed specifically for mission-driven organizations.
"It's inspiring to see how Regent Bank champions both financial wellness and digital innovation for their communities," said Shawn Melamed, CEO and Co-founder of Spiral. "We're thrilled to support more banks in enhancing their customers' lives while growing deposits and creating stronger, more connected communities."
See It in Action
To discover how Spiral's platform can help your institution grow core deposits and membership while boosting retention and loans, book a demo today.
