Payactiv Expands Advisory Board With Addition of Dan Quan
SAN JOSE, Calif., May 30, 2019 /PRNewswire/ — Today, Payactiv, Inc., the leader in employer-sponsored, holistic financial wellness service for employees, announced that Dan Quan has joined its Advisory Board. Quan is the Founder and Managing Partner of Banks Street Advisory.
A FinTech expert and thought leader, Quan was Senior Advisor to the Director at the Consumer Financial Protection Bureau (CFPB)* and led Project Catalyst until July 2018. A one-of-a-kind initiative, Project Catalyst promoted consumer-friendly innovation within the U.S. FinTech community and inspired regulatory agencies across the globe to set up dedicated innovation hubs to promote financial innovation. Quan brings more than seven years of experience in the consumer financial services industry and more specifically in matters related to compliance and regulations associated within the industry.
“I am excited to join Payactiv, a company that is truly doing well by doing good. We will be working together to fight for the financial wellbeing of low-income consumers,” said Dan Quan.
As an advisor of Payactiv, Quan will guide the board and management team on innovation and regulatory matters in the U.S. and internationally.
Before joining the CFPB, Quan was a research associate at Harvard Business School (HBS), where he worked for Professor Peter Tufano, currently Dean-University of Oxford Saïd Business School. Quan was a key contributor to two influential HBS research projects on the U.S. competitiveness: Prosperity At Risk (2012) and Competitiveness at A Crossroads (2013).
“We are honored to have Dan Quan as an Advisor to our company. Not only is Dan a tremendous person, he is knowledgeable about the FinTech landscape and aligned with our vision to alleviate financial stress for the millions of Americans living paycheck to paycheck,” said Safwan Shah, the CEO of Payactiv.
“I am excited to join Payactiv, a company that is truly doing well by doing good. We will be working together to fight for the financial wellbeing of low-income consumers,” said Dan Quan.
Quan joins Payactiv at a time of tremendous growth for the company. In January 2019, Payactiv announced that it had processed more than $1 billion helping workers save money on late fees and overdraft charges, avoid high-interest payday loans and better manage their finances. In addition to providing access to cash, Payactiv continues to add features that offer its users access to transportation and goods and services.
About Payactiv:
Payactiv is an award-winning holistic financial wellness platform for employees to get on-demand access to earned but unpaid wages. Businesses that partner with Payactiv see significant cost reductions through increased recruitment, engagement and retention. Employees love Payactiv because it eliminates the expensive between-paychecks tolls of payday loans, bank overdrafts and late fees. Payactiv offers a suite of financial services that include timely access to earned wages, savings and budgeting tools, bill payment and financial health measurement. Payactiv has won best in class awards in both FinTech & HRTech and is the provider for Earned Wage Access to Walmart.
“I am excited to join Payactiv, a company that is truly doing well by doing good. We will be working together to fight for the financial wellbeing of low-income consumers.”
Dan Quan, Founder and Managing Partner of Banks Street Advisory
“We are honored to have Dan Quan as an Advisor to our company. Not only is Dan a tremendous person, he is knowledgeable about the FinTech landscape and aligned with our vision to alleviate financial stress for the millions of Americans living paycheck to paycheck.”
Safwan Shah, CEO and Founder of Payactiv
© 2023 Payactiv, Inc. All Rights Reserved
* The Payactiv Visa Prepaid Card is issued by Central Bank of Kansas City, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Certain fees, terms, and conditions are associated with the approval, maintenance, and use of the Card. You should consult your Cardholder Agreement and the Fee Schedule at payactiv.com/card411. If you have questions regarding the Card or such fees, terms, and conditions, you can contact us toll-free at 877-747-5862, 24 hours a day, 7 days a week.
** Central Bank of Kansas City is the issuer of the Payactiv Visa Prepaid Card only and does not administer, endorse, nor is liable for the Payctiv App.
1 Standard rates for data and messaging may apply from your wireless provider.
Google Play and the Google Play logo are trademarks of Google LLC.
Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc., registered in the U.S. and other countries.