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.
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.
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.
Apps that focus on budgeting and cash flow abound for consumers, but the pickings are slim for business owners. Eastern Bank in Boston has set out to change this and Monit is helping.
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.