Challenger bank Qapital recently named behavioral economist Dan Ariely chairman of the board. One of the foremost leaders in psychology and its application in the personal finance, Ariely joined Qapital in 2015 as chief behavioral economist. He’s been instrumental in shaping how the bank’s members build positive relationships with money.
In November 2018, Qapital introduced tiered subscriptions as well as the addition of a robo investing platform and budgeting tools. The company now has more than 1.6 million members and has helped them save nearly $1 billion to date. (more…)