
Financial Wellness
Cambridge Savings Bank Tool for Consumers to Improve Financial Well-Being
Cambridge Savings Bank Tool for Consumers to Improve Financial Well-Being
One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank (CSB) offers a full line of individual and business banking services with over $5 billion in assets. As a mutual bank, CSB is committed to improving the quality of life of its employees, customers and the communities it serves.
An Experian survey revealed that 69% of respondents were concerned about their finances, while 59% were worried about paying down existing debt. CSB wanted to help consumers take control of their financial health and interact with their finances in a more meaningful way.
CSB partnered with MX to launch its personal finance visualization tool, Money Management, that empowers users to responsibly oversee their spending, savings, and financial accounts by providing tools and resources to visualize their financial life, set budgets and manage debt, and uncover trends.
Designed to help consumers take control of their financial health and interact with their finances in a more meaningful way:
"Money Management will inspire our customers to help them get on the right financial path by providing simple, yet powerful instruments that stretch beyond the basics to help them identify spending and budgeting habits, and improve their financial well-being"
Susan NachtigallSenior Vice President, Head of Digital Banking
Through the power of financial literacy, CSB aims to play a pivotal role in enabling better financial outcomes for its customers and communities, especially to those most in need, such as low-to-moderate income individuals and families.
CSB added Money Management to its digital offerings through its partnership with MX, a financial platform that enables financial institutions and fintechs with the ability to give their customers access to personalized, actionable insights about their financial health.
Money Management can be easily accessed within CSB and Ivy Bank’s Online and Mobile Banking platforms to give both bank’s customers a holistic view of how, where, and when their money is being spent and key insights on how to help improve their financial well-being. For more information on all the features and functionality that Money Management offers, please visit cambridgesavings.com/money-management.
Explore how MX can help you get the most from financial data and build better money experiences for consumers.