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Wiggy introduces the concept of earning and saving money at an early age by combining IoT (Internet of Things) technology and mobile applications integrated into a physical toy piggy bank.Spiral gave consumers a preview of Wiggy through a presale launch last month and announced that the next phase to be introduced through partnerships with financial institutions. This week Spiral launched a campaign with banking industry veteran Ben Bloch.Mr. Bloch’s experience working both in the banking industry, with innovative Fintech startups and large technology companies like IBM, is a great combination for building our Wiggy program with retail banks. Mr. Bloch and his team have partnered with Spiral to build a comprehensive program through which Wiggy can be used by banks to introduce young consumers to the concept of saving. The program allows kids to tie their Wiggy bank, wirelesslyto their savings account.Kids can use the Wiggy application to set goals, and track their savings progress.Parents can then set chores and tasks for the child to complete.As the child completes tasks, money is transferred into the child’s savings account.Wiggy acts as a way to notify the child of tasks, money deposited, and savings balance through different aspects of the internet-connected device.Since there are so many different things that can attract a child’s attention, Wiggy is a physical item that keeps children engaged in their path of earning and saving money and gives parents a fun tool to provide education and reinforce work ethic for schoolwork, chores and rewards for a job well done. “Spiral is always looking for unique channels to engage new customers.Offering Spiral products through banking institutions gives us the opportunity to work with partners that have the same goals in mind.” Commented Mark Meyers, CEO of Spiral Toys. “Mr. Bloch’s experience working both in the banking industry and with leading technology companies like IBM is a great combination for building our Wiggy program with retail banks.Additionally, our recently expanded management team is working hard with Mr.
For the original version including any supplementary images or video, visit Spiral Toys to Help U.S. Banks and Credit Unions Open Children’s Savings Accounts With Internet-Connected Piggy Bank – Yahoo Finance
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