Businesses are core to any community, and therefore core to the mission of credit unions.
Read moreRead moreFor roughly a year, we’ve seen overall deposit levels decline in US banks. Deposit flows (both “out of” and “across” the system) accelerated during the bank failures in March (Silicon Valley, Signature). With continued turmoil in Q2 and First Republic’s sale to JPM, the deposit environment remains very competitive and dynamic…along with some surprising trends!
Read moreRead more41% of business owners are opening and funding accounts at New FIs. Banks must focus on winning and retaining the operating account position or risk slow erosion of lower cost deposits.
Read moreRead moreClassic principles of strategy and resource allocation coupled with recent SVB/FRC news have elevated the importance of the Business Banking Segment. Recent advances in technology can help banks win in the SMB space.
Read moreRead moreNew digital banking feature enables financial institutions to empower businesses with cash flow analysis tools.
Read moreRead moreThe highly anticipated release of Q1bank call reports did not disappoint! Given a highly dynamic three months in the banking sector (see SVB, Signature, First Republic), deposits movements across banks were expected. But, digging into the data revealed unexpected trends!
Read moreRead moreSMB owners continue to be optimistic about their operating and economic environment - but with banking industry turmoil as a new priority risk to manage. 90% of owners relooked at how they are managing their deposits, with 38% opening and funding accounts at new institutions.
Read moreRead moreNew digital banking feature enables financial institutions to empower businesses with cash flow analysis and forecasting tools
Read moreRead moreNew technology allowed bankers to prioritize outreach and messaging to business clients while providing valuable insight into actions their SMB clients were actually making in March 2023
Read moreRead moreEconomic, 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.
Read moreRead moreOur 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.
Connect with usBe the first to hear about our latest product features and updates on new partners.