OLYMPIA, Wash.–QCash Financial, a CUSO providing automated, cloud-based, omni-channel small-dollar lending technology for financial institutions, announces it has become a member of the Center for Financial Services Innovation’s (CFSI) Financial Health Network.
QCash Financial has joined CFSI’s Network because it shares CFSI’s mission of improving the financial health of Americans, especially the underbanked. CFSI seeks to shape a robust and innovative financial services marketplace with increased access to higher quality financial products and practices.
CFSI was founded to promote innovation in the financial services industry to meet the financial health needs of all Americans, and has since launched ground-breaking research and built a network of like-minded partners and providers. The organization has advised major brands in the financial services industry on products and strategy development, with the goal of improving the lives of consumers in America.
“We are honored to join CFSI’s network and align ourselves with its goals to serve underbanked consumers with our small-dollar lending technology,” said Ben Morales, CEO of QCash Financial. “We look forward to engaging with CFSI to continue to work toward our common goals of improving consumers’ financial health."
The QCash loan platform was developed in 2004 by WSECU after the credit union’s tellers noticed a substantial number of its members required small, short-term loans from payday lenders that were charging excessive fees and interest rates. It is offered as a white label solution to financial institutions.