Monit is an award-winning cash flow analysis, forecasting and guidance platform that banks provide to their business customers. So both can work smarter and power the success of the other.
As a bank, catalyze your business banking offering by partnering with Monit through our seamless integrations with major banking platforms including Q2, Apiture, and Banno.
Over 80% of customers view their business banker more as a salesperson than a guide. At the same time, bankers lack the views of their customers' finances they need to advise (and sell) most effectively. We unlock the data and value each party wants.
Using a customer's general ledger data, we help banks better understand a customer's current and projected financial health. We enable the bank to anticipate needs, alert them when there's an opportunity to bring value, and make it easier to engage, guide and sell.
It enables us to deepen relationships with our customers, and we see Monit as a real differentiator for us in the market.
A partnership with Monit is a natural integration that provides our customers access to critical information for their business.
SMBs are woefully underserved by the large national banks, which gives regional banks like Valley an opportunity to step into the gap using modernization and innovation like Monit.
I can quickly tell Monit about things I might want to do or events that might happen in the future. It then shows me, in real-time, the financial impact to my business in the short and long-term.
It is an amazing tool
I'm not a numbers person ... but I love these insights.
Award-winning cash flow analytics are now turn-key for 450+ financial institutions and their business clients
Customer satisfaction of small-to-medium size businesses (SMBs) with their primary financial institution has been declining for years and churn is increasing, according to Aite Group and FIS.
Economic, regulatory, and competitive factors are making it even more challenging for banks to cost-effectively gather deposits as evidenced by the most recent earnings reports. As bank leaders refocus energies on deposit gathering, they need to move urgently to win and defend some of the most valuable sources of deposits: Small and Medium-Sized businesses. Monit offers bankers the insights they need to win and retain this valuable source of low-cost and sticky deposits.
Our flexible partnership options can support a quick, bank-branded deployment or a fully embedded digital experience. Please reach out to discuss the best approach for your bank.