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Jeff Meredith


Recent Posts

BECU App Powered By MX Earns Recognition

By Jeff Meredith on Jan 10, 2017 1:35:13 PM

BECU's app, powered by MX, received recognition from both the Financial Brand and MagnifyMoney in December. BECU appeared as the most improved app in MagnifyMoney's third annual Mobile Banking App Study, which compiles the iOS and Android banking app ratings from over 100 of the biggest credit unions and banks.

Topics: Case Studies
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Money Movement And Money Management Features Delight Users

By Jeff Meredith on Jul 27, 2016 2:28:12 PM

Read the whole case study here.

Topics: Case Studies
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How Users of Data-driven Money Management Increase Profitability

By Jeff Meredith on Jul 25, 2016 5:16:28 PM

Read the whole case study here.

Users of Data-driven Money Management Increase Savings By 20% Over Four Months

Topics: Case Studies
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Personalized Coaching And Advice: The Future Of Digital Money Management

By Jeff Meredith on May 11, 2016 2:37:00 PM

New research reveals that consumers are hungry for advice to help manage and improve their financial health but a hesitance to aggregate accounts could reduce the usefulness of the insights generated by financial institutions. Javelin finds that while 46% of bank PFM users are willing to provide passwords to their primary FI for aggregation of external accounts, only 17% of non-users would be willing to do so. “The ability to deliver personalized insight and advice hinges on compiling a complete picture of a customer’s finances: deposit accounts, credit cards and loans, and investments, including those held at secondary FIs,” writes Javelin in its April report Digital Money Management in 2016: Moving Beyond Fits And Starts. “But gathering this data requires customers to share their login and passwords, a model that FIs oppose innately.”

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MX Appears In Forrester's Vendor Landscape

By Jeff Meredith on Mar 22, 2016 11:42:16 AM

Having eclipsed 2.5 million users, MX appears for the first time as a featured vendor in Forrester's Vendor Landscape: Pick The Right Digital Money Management Technologies. The March 17 report advises FIs to deeply integrate money management capabilities into digital banking and look for a partner who understands their business objectives rather than just a technical fit.

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FAQ: How Do You Measure Adoption And Engagement?

By Jeff Meredith on Mar 4, 2016 12:34:23 PM

In 2012 research firm Celent reported that only 4 percent of online banking customers at the top 50 banks were active users of personal financial management (PFM). Selling you a product that no one will use is not a sustainable business model. MX believes that PFM is dead.

Topics: FAQ
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FAQ: Why Invest In Digital Money Management Now?

By Jeff Meredith on Nov 18, 2015 3:49:32 PM

While the banking industry dug its way out of the financial crisis by reducing costs and increasing profitability, it now faces the challenge of growing revenues. Security and compliance certainly loom large as financial institutions plan an increase in technology spend but senior IT executives are also focusing on generating top-line growth. Responding to Ovum's ICT Enterprise Insights survey, 43 percent highlighted supporting revenue growth as one of their top three strategic priorities for 2015. “The need to grow topline revenue through sales and customer conversion rates is driving investment into digital channels,” said Kieran Hines, Practice Lead for Financial Services Technology at Ovum.

Topics: FAQ
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FAQ: What's The Difference Between A Full Integration And A Tabbed Approach To Digital Money Management?

By Jeff Meredith on Oct 20, 2015 5:15:42 PM

There are a number of different ways for a financial institution to provide their users with a rich digital money management (DMM) experience. A financial institution can pursue:

Topics: FAQ
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FAQ: How Do I Demonstrate ROI To My Board And Executive Team?

By Jeff Meredith on Oct 13, 2015 4:37:03 PM

How Do I Demonstrate ROI To My Board And Executive Team?

At MX, we know that account holder interest in digital money management is not enough to justify investment by most financial institutions.

That's why we walk through a detailed ROI calculation with each prospective client to demonstrate tangible benefits and provide them with the tools necessary to make the business case.

Topics: FAQ
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FAQ: Why Sign A Contract If MX Isn't Currently Integrated With My Online Banking Provider?

By Jeff Meredith on Oct 8, 2015 10:40:41 AM

What's the point of signing a contract if you're not currently integrated with my online banking provider? 

You need to define your digital strategy - not existing limitations. 

MX should be an important part of your strategic vision and we'll help you work towards integration with your existing channel or mobile banking provider. If not, we can also direct you to one of our partners where we have an excellent integration already. MX is partnered with over 35 online and mobile providers. 

Topics: FAQ
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