Roam Gig Suite
CONTACT: Derek Howard
William Mills Agency, on behalf of RoamHR
Somerset Trust Company and RoamHR Partner To
Empower Banking for 1099 Gig Economy Workers
SOMERSET, PENN., July, 2020 – RoamHR, the digital platform empowering the freelance workforce, announced its partnership with Somerset, Penn.-based Somerset Trust Company ($1.5 billion in assets) with Roam Gig Suite – a new platform designed to help attract prospective customers who are freelance, independent workers or other gig economy participants and support their specific financial needs. This partnership includes a unique account and digital experience designed specifically for these customers.
With a booming job market and over 650,000 self-employed 1099 tax filers reported throughout the state, Pennsylvania has quickly become a battleground for this rapidly growing customer segment. Despite the growth and the important role of gig workers highlighted in the wake of the COVID-19 crisis, today’s freelancers continue to face significant challenges when it comes to their banking and financial services. This includes everything from checking, savings, and loan options, to tax, retirement and healthcare planning. Recognizing the importance of addressing the financial needs of these workers, Somerset Trust partnered with RoamHR to create the Roam Gig Suite to better serve and target these customer concerns, while also providing significant deposit gathering opportunities and driving DDA primacy for the bank.
As an important initiative under Somerset Trust’s Financial Health and Wellness umbrella, the Roam Gig Suite allows prospective freelance and self-employed banking customers to open new checking and savings accounts through the bank that will be connected and fully supported by the features of RoamHR's platform, which provides tax savings functions and advice, enabling them to easily and effectively manage their quarterly taxes, as well as track expenses and mileage.
RoamHR’s highly flexible, open API allows its features to be seamlessly connected into Somerset Trust's online account opening process, including full integration with the bank’s Fiserv DNA core platform. After completing a simple registration through the bank’s digital onboarding, along with a branded debit card, customers will be connected to all services and features available through RoamHR’s platform, which they can quickly and easily access through the responsive Roam Gig Suite mobile app regardless of time or location.
“Somerset Trust is very committed to finding new and exciting ways to serve customers through technology,” commented Allison Cook Hoffman, Marketing and Customer Experience Officer at Somerset Trust Company. “We are especially excited when we find partners who help us reach customers who are looking for innovative solutions for their banking needs. Our partnership with RoamHR provides exactly that type of opportunity and will enable us to offer exceptional service to this growing segment of customers in a new way.”
“Despite its growth, today's 1099 workforce still faces significant challenges when it comes to its financial and tax needs. Innovative and responsive institutions like Somerset Trust recognize these concerns and are committed to serving their self-employed customers as both a bank and trusted advisor for their financial wellness,” said Rick Gonzalez, Founder and CEO of RoamHR. “We are pleased to be working with Somerset Trust and look forward to helping the team better serve its freelance customers and grow both their relationships and deposits.”
UPDATE: RoamHR officially began opening accounts on Wednesday, Sept. 23th, 2020.
RoamHR is the ultimate financial platform for freelancers. Our solution is precision-engineered to solve the biggest tax and budgeting challenges faced by the self-employed and contract workers, making it incredibly easy for 1099 employees to save money, plan for quarterly tax payments, track mileage and other deductible expenses, and automate tax payments. Our goal is to unlock new levels of financial freedom for freelancers, wherever they may roam. Whether you’re a truck driver, a designer, or a developer for hire, our easy-to-use platform allows freelancers the freedom to focus on the work that you want to do, and not on tax planning. To download the RoamHR platform or learn more, please visit www.roamhr.com.
About Somerset Trust Company
Somerset Trust Company has been an independent, locally owned and managed institution since its establishment in 1889. The bank operates 40 offices, serving communities in Fayette, Westmoreland, Somerset, Cambria and Bedford Counties in Pennsylvania and Garrett County, Maryland. Somerset Trust also has an extensive network of ATMs serving customers throughout the Laurel Highlands and Southern Alleghenies region and boasts an award-winning internet and mobile banking platform. With a team of over 450 employees, Somerset Trust Company is committed to understanding their customers, communities and one another in order to not only meet their customers banking needs, but exceed expectations every day. Learn more at www.somersettrust.com.
Somerset Trust Company CONTACT: Allison Hoffman, VP Marketing