WealthTech25: Remynt's Gywneth Borden Talks Clearing a Path to Financial Wellness...

wealthtech25_gwynethborden_audio.mp3
File Size:	15136 kb
File Type:	mp3

Download File

---

Gwyneth Borden, Founder & CEO at Remynt, stopped by the Studio Lounge to share highlights from her conference session on "Clearing the Path to Build Financial Wellness."

Specifically, Gwyneth talked about Remynt being a solution for debt collection that promotes financial wellness through partnerships with credit unions. She also discussed highlights about the current student debt crisis and the importance of financial literacy.

Lastly, Gwyneth shared that Remynt's digital tools enhance communication for debt management, encouraging individuals to begin their wealth-building journey.

Q&A summary
What is the main focus of Remynt as a debt collection solution for credit unions?
Remynt is designed as a debt collection solution that emphasizes financial wellness, helping credit unions manage collections while supporting members in overcoming debt to build wealth.
What unique features does Remynt offer to help members manage their debt?
Remynt provides an omnichannel platform that allows members to choose their payment plans, including options for weekly, biweekly, or monthly payments, and even peer-to-peer payment methods like PayPal.
What is the significance of the credit builder feature in Remynt's platform?
The credit builder feature allows members to rebuild their credit by repaying past debts, which is integrated at no additional cost, helping them improve their financial standing.
How does Remynt's approach to debt collection differ from traditional methods?
Remynt focuses on creating a supportive environment for members in crisis, rather than aggressive collection tactics, which helps build loyalty and trust.
What role does financial literacy play in Remynt's services?
Remynt emphasizes financial literacy as a crucial component, helping members understand the difference between good and bad debt and how to manage their finances effectively.
How does Remynt help alleviate the stigma associated with debt?
Remynt aims to educate wealth advisors on the importance of understanding members' debt situations, encouraging open discussions to help individuals feel less embarrassed about their financial challenges.

Check it out when you get a chance and let us know your thoughts. And be sure to watch more of our Studio Lounge episodes on our WealthTech Connect archive page, as well as check out our sponsor/host TAPP Engine.