Scott McCormack

  • Social Money launches CoreSaver targeted at community banks

    DES MOINES—Almost a year ago, Social Money launched a private beta of CorePro, its first open API product. The core processing system that helps businesses and developers integrate savings accounts into online and mobile platforms.

  • With OneClick, SmartyPig creates a “saving cart” across the web

    Extending the reach of its goal-based online saving bank, SmartyPig today will introduce OneClick, a feature that lets users start saving for a product on any ecommerce website. Whether it’s saving for a television on Amazon or a treadmill on Walmart.com, SmartyPig no longer requires its users to return to its website to start a…

  • Social Money’s SmartyPig-like product debuts in India as iWish

    One week after a partnership announcement with a U.S. financial firm, West Des Moines-based Social Money makes headlines in India on another front: its social, goal-based savings platform went live today with the country’s largest private sector bank. ICICI Bank is using Social Money’s enterprise product …

  • Social Money reveals new product, deal with Bancorp

    Social Money today announced it’s preparing for the launch of a new product, CorePro, with a new partner, The Bancorp, Inc., the holding company behind a financial firm that offers banking services and products. CorePro is a savings account …

  • Watch Social Money’s demo of GoalSaver at Finovate (Video)

    We’ve covered Social Money and its GoalSaver product fairly frequently in recent months, but when Social Money co-founder Michael Ferrari and president Scott McCormack stepped on stage last month at Finovate Spring 2012 in San Francisco, they provided another spin on GoalSaver, a white-label social savings product offered by the West Des Moines-based company. GoalSaver,…

  • Social Money set to double staff, space in coming months

    Social Money today announced plans to more than double its workspace and workforce this summer. The company, which makes products for goal-based, social savings, currently has 30 employees. Most are based in Social Money’s West Des Moines headquarters. The company said in a release that it plans to hire close to 35 additional employees, both…

  • Bank in India to use GoalSaver, the white label SmartyPig

    Less than one month after revealing its India office, Social Money today announced an international alliance with ICICI Bank in India. “We are thrilled to be working with one of the world’s leading financial services …

  • Social Money Systems opens office in India, expects more in U.S. & abroad

    Social Money Systems, the recently introduced new parent company of SmartyPig, today announced the opening of an office in Chandigarh, India. The office, which is the company’s first outside its West Des Moines headquarters, will hold four employees, Social Money co-founder Mike Ferrari said last week. The news comes on the heels of Social Money’s…

  • SmartyPig unveils GoalSaver, a social savings platform for banks

    SmartyPig, an online social savings platform, today announced a pair of big changes. The Des Moines-based company will go by a new name, Social Money Systems. It also will offer a new product, GoalSaver, which is a customizable, social savings, transaction-focused platform for banks that utilizes a bank’s brand and regulatory and compliance systems to…

  • SmartyPig co-founder discusses hire of new president, Scott McCormack

    SmartyPig announced on Monday that it had brought on a new president, Scott McCormack, to replace CEO Bob Weinschenk, who is no longer with the company. McCormack came on board full-time …