Talenthouse, which has a diverse global network of more than three and half million creatives and over 14 million members, sees first-hand some of the banking challenges its community faces. Getting paid can be slow; foreign exchange charges are high; obtaining credit is hard and expensive; investment products are typically out of reach; and hidden fees abound.
As a result, Talenthouse sees the opportunity to do banking for creatives better, providing contextual financial services that are tailored to the community’s specific needs. With the help of Vodeno and Aion Bank, Talenthouse will launch its banking service, called ElloU, which will remove friction and fees, speed up payments and give creatives access to better financial services, such as income advances. Talenthouse is best placed to develop this first-of-its-kind solution for the creative community given its deep understanding of how creatives work and their earning potential.
Talenthouse selected Vodeno and Aion Bank as its partners for embedded banking after a careful selection process. The VODENO Cloud Platform covers all aspects of Retail and Business banking activities. Vodeno also partners with Belgium-based and ECB licensed Aion Bank to support regulated services and provide clients with the compliance, security and guarantees of a European bank.
ElloU will be rolled out in phases. First, this month, it will be rolled out to European creatives using the Talenthouse platform, then to Jovoto users next month, to EyeEm users early next year, and, ultimately, all of the Talenthouse group platforms. Talenthouse is also looking over time to take the ElloU service to the US, UK and other creative hubs.
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