We’ve said it before and it bears repeating: Millennials like mobile banking. They’re comfortable with it, they like the convenience it provides, and they’re willing to switch banks to get the mobile experience they’re after.
Financial data aggregation has existed for decades, though many financial institutions still don't use it. In one sense, this is understandable. The problems with aggregation have historically been numerous, and in certain cases those problems still occasionally surface. However, because financial data aggregation enables users to see all of their accounts in one place, it's among the single best methods an institution can use to become their users' primary financial hub. Users want to log in, see all their finances in a single view, and log out.
Our mission at MX is to empower the world to be financially strong. To do this, we work with digital banking providers, fintech companies, and financial institutions to build products that help millions of people manage their money. While people in the industry may refer to these products as digital money management or data-driven money management, traditionally the category has been known as personal financial management (PFM).
The banking news last week potentially shifted the recent narrative on peer to peer lending.
This week we feature Steven Ramirez of Beyond the Arc for a discussion on predictive analytics. Ramirez details exactly why this topic matters and gives practical suggestions on how financial institutions can make it work for them. You can watch the video and read the transcript below.
Today we'll be covering select presentations from the thought leadership panels at Finovate starting with an analyst all star panel.
We're here today at Finovate Fall, and we're excited for a day full of demos. A note for those unfamiliar with the process: Finovate is a chance for fintech companies across the world to demonstrate their latest innovations for seven minutes. One moment longer than seven minutes, and a gong sounds and your microphone cuts out. This makes for a fast-paced, engaging day.