March 30, 2023 – The eleventh annual Next Big Idea Competition took place on Tuesday, March 28 during the NACUSO Network Conference at Wynn Las Vegas Resort.
Five finalists were chosen by a selection committee as they presented innovation and drive for advancements within the industry.
Taking first place with 40 percent of votes is Goalsetter. This is the only family saving, investing, financial education, and smart spending platform that makes it easy for the whole family to go cashless while teaching them how to be money smart. Centered around fun, relevant, and engaging financial education content, Goalsetter’s smart money platform for families provides users with a savings account, an investment platform, and a teen and tween debit card with parental controls and game-based financial education quizzes.
Following in second place is Mahalo Banking. The CUSO provides online and mobile banking solutions for credit unions and has created a next-generation digital banking platform. The technology is engineered to deliver neurodiversity functionality intended to improve digital inclusivity and accessibility and better accommodate the cognitive needs of all credit union members.
In addition, this is the third year in which CO-OP Solutions sponsored the competition with a total prize pool offering of $10,000. Goalsetter received $7,500 as the first-place winner of the competition and the remaining $2,500 was awarded to the second-place winner Mahalo Banking.
Special recognition goes out to the additional three finalists: Banksocial, Harnes FI, and Quilo. Additional coverage related to the competition and the NACUSO Network Conference will be released at nacuso.org in the coming weeks.
The 2024 Next Big Idea Competition will be held in April of next year, during the next NACUSO Network Conference.
