Improving Financial Well-being through Embedded Finance with Joel Frisch VP Growth at Clair

Joel Frisch from Clair explores how on-demand pay can revolutionize employee financial management, offering immediate access to earned wages. This fintech solution, embedded with platforms like Gusto, ensures employees gain control over their finances, addressing short-term needs and promoting financial well-being. In this episode, we look at Clair, fintech, on-demand pay, financial benefits, the American workforce, HR tech, and financial literacy. Key Takeaways: Clair aims to be the go-to embedded solution for empowering financial benefits for the American workforce. On-demand pay allows employees to take advances on their pay immediately, giving them more control over their finances. Data shows that employees who use on-demand pay take about 27 advances per year, indicating a need for more frequent access to funds. The focus is on empowering employees and giving them the tools to make informed decisions about their finances. Clair can be integrated with HR tech platforms, payroll systems, and workforce management platforms, making it convenient and accessible. The platform emphasizes transparency and consumer-centricity, ensuring employees have a clear understanding of the terms and benefits. Connect with Joel here: https://www.linkedin.com/in/joelfrisch/ Learn more about Clair here: https://getclair.com/ Chapters 00:00 Introduction and Background 03:04 Empowering the American Workforce 06:02 Partnering with Gusto 09:50 The Need for More Frequent Access to Funds 13:28 Financial Literacy and Responsible Spending 17:50 Introduction to Clair and On-Demand Pay 20:29 Addressing the Needs of Employers 23:18 Implementing Clair in HR Tech Platforms 24:25 Setting Limits and Providing Transparency 26:32 Serving the Unbanked Population 28:28 Standing Up Clair for Employers 31:54 Expanding Globally with Embedded Finance 34:20 Weekly Pay vs. On-Demand Pay 36:21 Transparency and Consumer-Centricity in Financial Solutions Connect with WRKdefined on your favorite social network The Site | Substack | LinkedIn | Instagram | X | Facebook | TikTok Share your brand across the WRKdefined Podcast Network Learn more about your ad choices. Visit megaphone.fm/adchoices