Green Beret Jason Van Camp shares leadership lessons from his 15 years of service in the United States Army Special Forces.13 May 2015 0:00GMTIndustry leaders from Mentoro, Franklin Templeton, MX, Truist Bank, and Moneyhub share their thoughts on expanding engagement and accessibility around financial wellness. 13 May 2015 0:00GMTA list of the major financial data aggregators in the U.S. These aggregators enable customers to see all of their financial accounts in one place.13 May 2015 0:00GMTIndustry leaders discuss their spiciest takes on what’s happening in finance and fintech today during this session at Money Experience Summit 2023.13 May 2015 0:00GMTIn the face of record-high fraud, how do financial institutions mitigate risk? Here’s a few things to consider from MX, Sardine, Open Payments, Unit21, and Kount. 13 May 2015 0:00GMTHow can financial institutions and fintechs create engaging PFM tools to fill the void left by Mint — and reach even more consumers? 13 May 2015 0:00GMTThe CFPB's NPRM for Section 1033 is an important milestone in making sure consumers have the right to access and control their financial information. This will lay the groundwork for the next chapter of fintech innovation. 13 May 2015 0:00GMTWaFd President and CEO Brent Beardall shares his experience putting community promises into practice to support the financial needs of consumers.13 May 2015 0:00GMTRebel’s latest research revealed how a consumer’s self-perception can influence financial behaviors and engagement.13 May 2015 0:00GMTMX CTO Wes Hummel shares his experience in growing and scaling systems to endure long-term growth and deliver exceptional consumer experiences.13 May 2015 0:00GMTIndustry leaders from USAA, FDX, MX, Xero, and Capital One share their thoughts on the evolving landscape of Open Banking and Open Finance.13 May 2015 0:00GMTRenowned AI Expert and Former Chief Innovation Officer at NASA Omar Hatamleh shared his views on the future of innovation and transformation at Money Experience Summit. 13 May 2015 0:00GMTMX CEO Jim Magats explains the opportunity the financial services industry faces to create human-led technology that improves the consumer money experience.13 May 2015 0:00GMTOpen finance APIs can create the foundation to support a more secure, seamless instant payments ecosystem, accelerating the adoption of FedNow, RTP, and more.13 May 2015 0:00GMTFinancial service providers should focus on core jobs to be done, and predictable, repeatable insights to create PFM tools that drive engagement and better outcomes. 13 May 2015 0:00GMTOpen Finance can help safeguard consumer financial data and mitigate risk from account openings and account logins to account aggregation and day-to-day financial management.13 May 2015 0:00GMTConsumers want personalized experiences from their financial service providers, but how much of their financial data are they willing to share? 13 May 2015 0:00GMTMX is a proud member of FDX, promoting Open Finance API standards to enable transparent, secure, user-permissioned data sharing and utilization. 13 May 2015 0:00GMTMX’s research shows 5 areas where financial institutions and fintechs can focus to meet top consumer expectations for digital and mobile banking.13 May 2015 0:00GMTThese are the top five areas financial providers should focus on while forming product strategy.13 May 2015 0:00GMTConsumer trust in financial providers is rising, at the same time the majority of U.S. consumers make plans to switch banks. Our research uncovers what matters most.13 May 2015 0:00GMTTogether, MX and Q2 enable financial institutions to deliver personalized financial guidance and actionable insights seamlessly integrated into the Q2 cPFM digital experience. 13 May 2015 0:00GMTToday’s consumers are quick to switch financial institutions if they don’t deliver engaging experiences.13 May 2015 0:00GMTUser-permissioned data is when a consumer consents to share their data with a third party. Learn how it can lead to better outcomes for consumers and businesses.13 May 2015 0:00GMTFinancial service providers should focus on these four key areas to build consumer trust: experiences, transparency, security, and outcomes.13 May 2015 0:00GMTLet’s take a look at how banks and credit unions netted out at the end of Q1 2023 (based on data from FDIC and NCUA).13 May 2015 0:00GMTInstant account verification helps financial institutions quickly verify and fund new accounts. Learn how IAV differs from other methods, like microdeposits.13 May 2015 0:00GMTOpen Finance is the next step beyond Open Banking, enabling access and sharing of consumer data to even more financial products and services — not just banking.13 May 2015 0:00GMTOpen Banking is the structured and secure consumer-permissioned sharing of data via open banking APIs between financial service providers.13 May 2015 0:00GMTACH transfers allow for moving money between bank accounts. Learn how ACH transactions work and why they are more cost-effective for payments than credit cards.13 May 2015 0:00GMTOur latest research revealed consumers' expectations for financial service providers to deliver a better money experience and the aspects that matter most.13 May 2015 0:00GMTOur latest consumer research revealed how consumers are managing their money on apps and the aspects most important to them.13 May 2015 0:00GMTHow consumers think about and use debt is changing. Financial institutions and fintechs should keep these evolving attitudes in mind.13 May 2015 0:00GMTMoney is personal, so the experience should be too. Senior leaders at Achieve and Suncoast Credit Union discuss the power of data to improve the money experience.13 May 2015 0:00GMTExplore top trends for fintechs to watch in the Buy Now, Pay Later (BNPL), consumer lending, mortgage, payments, and personal financial management (PFM) spaces.13 May 2015 0:00GMTMX’s latest consumer boils down how consumers define financial wellness, and current spending and saving attitudes and behaviors. 13 May 2015 0:00GMTFinancial institutions continually face challenges and opportunities presented by ever-changing market conditions. These are the top trends banks, credit unions, and insurers should keep in mind right now.13 May 2015 0:00GMTCNBC’s Financial Confidence survey shows 70% of Americans are feeling financially stressed. Financial providers can become a trusted partner to help consumers combat stress and reach financial goals.13 May 2015 0:00GMTThe only industry trusted less than financial services today is social media. Consumers need to be able to trust financial institutions and fintechs.13 May 2015 0:00GMTThe financial industry faces new challenges and opportunities. MX gathered industry and investors leaders to discuss their perspectives.13 May 2015 0:00GMTWe spoke with partners at TPG and Commerce Venture about what advice they’d offer to fintech leaders looking to raise funding in today’s market.13 May 2015 0:00GMTBy harnessing the power of data, financial institutions and fintechs can build stronger customer relationships and drive new growth opportunities.13 May 2015 0:00GMTFintechs should consider this path of innovation: integrating AI into their working models to evolve business processes and increase speed to market.13 May 2015 0:00GMTInsurance trends point to new reporting requirements, transforming digital experiences, decreasing insured, and higher catastrophe claims. 13 May 2015 0:00GMTCredit unions face liquidity challenges, higher delinquency rates, and the need to attract Gen Z and Millennial consumers in 2023. 13 May 2015 0:00GMTMacroeconomic trends point to higher credit card balances, lower savings rates, and a predicted recession as top areas where banks should be paying attention.13 May 2015 0:00GMTNew MX research shows consumers want more security and control, including multi-factor authentication and biometric login options, but it’s a balance.13 May 2015 0:00GMTWith greater access to financial data comes better insights, better experiences, and more personalization. Leveraging AI could help drive better financial outcomes. 13 May 2015 0:00GMTA list of the 250 largest banks in the United States ranked by total domestic deposits according to data from the FDIC as of December 31, 2022. 13 May 2015 0:00GMTResearch shows consumers expect to be able to see all of their financial data in one place. But only a small portion have actually shared their data. Why? 13 May 2015 0:00GMTA list of the 250 largest American Banks ranked by asset size according to data from the FDIC as of December 31, 2022.13 May 2015 0:00GMTA list of the 250 largest credit unions in the United States by asset size according to data from the NCUA as of December 2022.13 May 2015 0:00GMT2023 is another year to create better money experiences for consumers. Here’s a roundup of predictions from banking and fintech leaders and experts. 13 May 2015 0:00GMTBy putting financial data to work for automated budgeting, personalized alerts, balance checks and more, the joy of the holidays isn’t ruined by overspending. 13 May 2015 0:00GMTWhile data sharing enables more personalized products, insights, and recommendations, it can also create greater risk if not properly secured. Are you checking who has access twice? 13 May 2015 0:00GMTDevelopers need to understand their product’s why in order to drive impact. 13 May 2015 0:00GMTWe can ensure that newly-opened accounts and those linked for payments are used by their rightful owners with IAV and account identification services. 13 May 2015 0:00GMTTo promote a safer holiday shopping season, financial providers should strengthen security with authorized API connections, account verifications, and tokens. 13 May 2015 0:00GMTLenders today need to think of innovative ways to problem solve for borrowers. 13 May 2015 0:00GMTLeaders across banking, fintech, payments, and lending point to an increased need for speed to meet consumer expectations for account opening, money movement, and more.13 May 2015 0:00GMTThe gig economy complicates things like qualifying for loans, saving for retirement, and paying taxes.13 May 2015 0:00GMTA panel of financial industry experts discuss the impact technology innovation and recent trends have on consumer behavior, namely spending and saving habits.13 May 2015 0:00GMTAs the financial industry experiences a fintech disruption, a former cable company executive advises big players in the banking industry to be proactive and focus on innovation.13 May 2015 0:00GMTAs bank branches close across the U.S. at an unprecedented rate, financial institutions need to capitalize on the opportunity embedded financial services bring.13 May 2015 0:00GMTOpen data is the key to improving financial outcomes for consumers, according to Simon Taylor from Sardine.ai in his recent keynote at Money Experience Summit.13 May 2015 0:00GMTFintech is an expansive industry with new technologies and terms. In part 2 of this series, we discuss common fintech terms and definitions from the letters E to M.13 May 2015 0:00GMTRobin Hauser shares insights she learned while filming her documentary, $avvy — addressing women's challenges related to negative societal messaging around money.13 May 2015 0:00GMTAt MXS 2022, MX’s Chief Technology Officer Wes Hummel and Chief Product Officer Nandita Gupta shared thoughts on why MX and the future of the financial industry.13 May 2015 0:00GMTFinancial data, driven by an open finance ecosystem, can lead to powerful customer experiences across financial institutions and fintechs.13 May 2015 0:00GMTFintech is an expansive industry with new technologies and terms. In this series, we cover the most common fintech terms and definitions from letters A to D.13 May 2015 0:00GMTFinancial stress is on the rise for consumers. Through support, security, and context, financial providers can build consumer trust and grow brand loyalty.13 May 2015 0:00GMTConsumers are feeling anxious about their financial future because of factors like high amounts of debt, little retirement savings, and a lack of emergency savings.13 May 2015 0:00GMTResearch from MX shows how Gen Z is moving away from using Credit Cards as a payment method, instead opting to move towards digital and mobile banking for payments.13 May 2015 0:00GMTThe future of banking will not be defined by technology but by how well financial institutions can adapt to changing customer behavior and improving customer outcomes.13 May 2015 0:00GMTMX offers its perspective on how the CFPB can return to a “relationship banking” model.13 May 2015 0:00GMTA recently published research report from Gartner highlights how reliable, secure, and new API products are foundational to digital business trends in 2022.13 May 2015 0:00GMTA recently published report from Gartner highlights the leading factors, core technologies, and payment innovations that are evolving digital banking in 2022.13 May 2015 0:00GMTAccount holders expect an easy and secure connectivity experience from their financial providers. Learn more about MX’s modern connectivity experiences.13 May 2015 0:00GMTResearch from MX shows financial stress continues to rise across generations — increasing the need for financial institutions and fintechs to embrace Open Finance.13 May 2015 0:00GMTForrester’s latest report on mobile banking calls out 7 must-have features that financial institutions and fintechs need to consider for their mobile banking apps.13 May 2015 0:00GMTA Forrester report on financial well-being encourages prioritizing strategies to grow customer loyalty in a financially stressful time.13 May 2015 0:00GMTImproving financial wellness starts with creating a more connected open finance ecosystem with access to actionable data.13 May 2015 0:00GMTThe key to building an open ecosystem is secure data access. A new report from Aite-Novarica outlines what all financial institutions and fintechs should consider.13 May 2015 0:00GMTThe MX team is comprised of incredible individuals who raise the bar on industry excellence — here, we ask them some questions to get to know them just a bit better.13 May 2015 0:00GMTFounders, influencers, and leaders participated in an unmoderated, unfiltered discussion about trends, challenges, and opportunities in finance and fintech.13 May 2015 0:00GMTGreater access and ability to act on financial data can help shift consumers from reactive responses to proactively taking control of their finances.13 May 2015 0:00GMTOpen Finance can enable greater financial success and strengthen consumer loyalty in the face of a recession.13 May 2015 0:00GMTIn recognition of Juneteenth, MXers were encouraged to take June 20 as a day of action, education, and reflection.13 May 2015 0:00GMTMXers, friends, and family marched in Salt Lake City’s recent Pride parade with more than 100,000 people lining the streets.13 May 2015 0:00GMTOpen Finance helps companies make the most out of their financial data by providing context to the data, which equates to success for both businesses and consumers.13 May 2015 0:00GMTIn honor of MX's CTO and co-founder Brandon Dewitt, MX partnered with Moov to extend the #JustDewitt scholarship to 6 individuals to attend fintech_devcon.13 May 2015 0:00GMTOpen Finance enables more meaningful relationships with consumers, improving experiences and leveraging data to proactively support financial wellness.13 May 2015 0:00GMTMX answers questions from the recent webinar with MX and Cornerstone Advisors about Open Banking and data aggregation.13 May 2015 0:00GMTWhile competition has long been a focus for financial regulators like the CFPB and OCC, this time feels different with the promise of Open Finance.13 May 2015 0:00GMTMoneytree Software and Matrix Rental Solutions share their experiences with data aggregation and choosing an open banking data partner.13 May 2015 0:00GMTChoosing a data partner to support open banking or open finance efforts is now easier with the first-ever Open Banking Data Partner RFI starter kit.13 May 2015 0:00GMTFor this webinar, we tackled five questions in 25 minutes based on the latest report from Cornerstone Research on Selecting an Open Banking Data Aggregation Vendor.13 May 2015 0:00GMTHere are 5 reasons why Open Finance will change the financial ecosystem for the better, driving consumer-permissioned data sharing, financial inclusion, etc.13 May 2015 0:00GMTOn the latest Finovate podcast, David Whitcomb discusses Open Banking and Open Finance, the benefit for financial institutions, and what to expect in the future.13 May 2015 0:00GMTA survey conducted by MX shows the value of account aggregation, or the ability for users to connect all their financial accounts into one view.13 May 2015 0:00GMTOpen Finance breaks down closed financial ecosystems to unlock the value of data. Are you ready to embrace it? Learn how MX powers the open finance economy.13 May 2015 0:00GMTConsumers want and need more from their banks — personalized insights and notifications and actionable data that enables them to better understand their finances and reach their financial goals. 13 May 2015 0:00GMTDaniel Haisley, Apiture EVP, Innovation, and Lauren Flickinger, Truebill Product Director, share benefits of open financial data at our MX Product Forum.13 May 2015 0:00GMTThe CFPB looks to level [regulatory] playing field between banks & certain fintechs not currently subject to federal oversight with 1024 dormant authority.13 May 2015 0:00GMTConsumers are demanding better digital and mobile banking experiences. New MX research shows increasing demand for seamless connectivity.13 May 2015 0:00GMTOpen finance enables better security, customer experiences, and innovation. Read insights from the MX Product Forum.13 May 2015 0:00GMTSeveral challenges could slow the adoption of crypto. How do crypto exchanges build a secure platform, but also retain the anonymity that many users value?13 May 2015 0:00GMTMX recently named Kimberly Cassady as Chief People Officer. In an effort to get to know her a bit better, we decided to have her play 20 questions. With over 25 years of experience, Kimberly is a fantastic addition to help MX continue to fulfill its mission to empower the world to be financially strong.13 May 2015 0:00GMTJane Barratt, Chief Advocacy Officer at MX, discusses the evolving narrative around the money experience — how financial institutions, fintechs, and consumers interact with each other on this episode of Banking Transformed with Jim Marous Open Banking enables these experiences and consumers can, and should, push their institutions to create better opportunities.13 May 2015 0:00GMTThe era of API Banking is here. Embracing APIs is critical on the path towards Open Finance, which gives us the ability to access and act on financial data to build personalized experiences, increase the pace of innovation, and drive industry collaboration.13 May 2015 0:00GMTThis Friday, March 25, the MX team is taking the day off for a very good reason. Founders Day is a new holiday on the MX company calendar to commemorate our co-founders Ryan Caldwell and Brandon Dewitt and the foundation they built at MX.13 May 2015 0:00GMTA discussion about how financial institutions should take actionable steps to tailor their services for underserved minority communities.13 May 2015 0:00GMTThe financial industry faces the challenge of a closed and complicated ecosystem. Today’s financial ecosystem doesn’t support secure and reliable data sharing — data sharing that is required to meet customer demand and fuel innovation. Open Finance is the answer. Open Finance is the ability to access and act on financial data to create personalized experiences, increase the pace of innovation, and drive industry collaboration.13 May 2015 0:00GMTSusan McPherson, best-selling author of The Lost Art of Connecting“ shares her advice for building meaningful and authentic relationships. Catch the recap or watch the full replay from FinTech Festival LIVE to learn how to do this.13 May 2015 0:00GMTJodie Gunzberg, Managing Director at CoinDesk Indices, shares her perspective on the inner workings of cryptocurrency investments, how to navigate the inherent risk, and the importance of educating yourself on an ever-evolving investment.13 May 2015 0:00GMTSimon Taylor, co-founder and Chief Product Officer at 11:FS, discusses regulated open banking in Europe versus open finance in the U.S. Read the recap or watch the full replay.13 May 2015 0:00GMTOpen banking and DeFi both lack clear rules of the road from Washington. This impedes innovation, makes America less competitive on the global stage, and robs consumers of affordable solutions. Both executive orders state this plainly. All contributors in the financial industry should support each other in seeking regulatory clarity on the path to a free and open financial system. Read more for MX’s perspective.13 May 2015 0:00GMTThis week, MX hosted some of the brightest minds in the financial industry to share stories and insights into how open finance is reshaping the future. Read key takeaways from our sessions with speakers from MX, 11:FS, USAA, CoinDesk Indices, She Banks, SUMA Wealth, Daylight and more. Topics include open finance, open banking, financial inclusion, innovation, and cryptocurrencies.13 May 2015 0:00GMTMX CFO Brian Kinion chats preparing for IPOs, the importance of predictability, proofing essential processes, and hiring a diverse team to lead the charge.13 May 2015 0:00GMTNew research suggests that financial institutions are not offering instant and embedded digital banking experiences. MX highlights what key data points on online account openings and instant account verification mean for financial institutions and fintechs.13 May 2015 0:00GMTMX shares 3 common themes from discussions with financial institutions and fintechs on open finance, connectivity, and data enhancement.13 May 2015 0:00GMTMX shares its mantra to #JustDewitt and looks to reach new heights in 2022 through empowering the world to be financially strong.13 May 2015 0:00GMTMX talked with the Director of Digital Banking at Javelin Research about key trends impacting financial services in 2022. Check out follow-on answers.13 May 2015 0:00GMTIndustry experts discuss how eroding primary banking relationships and financial fitness will define 2022, and share recommendations for digital banking strategies.13 May 2015 0:00GMTHear Industry trends, leadership insights, and favorite Ted Lasso quotes from Heidi Johnson, Chief Product Officer at Carta, and Scott Young, Chief Commercial Officer at Marcus by Goldman Sachs.13 May 2015 0:00GMTMeet MX’s new Interim CEO Shane Evans and hear his take on key trends for the future of open finance. Our vision is a more connected, frictionless, and secure financial ecosystem.13 May 2015 0:00GMTJason Sudeikis shared lessons learned and points of view from Ted Lasso, including hard work, the right attitude, and surrounding yourself with the best team.13 May 2015 0:00GMTSee new research on how the past year has changed customer preferences toward banking services and engagement for Gen Z & Millennials.13 May 2015 0:00GMTInsights and Takeaways from MX Experience Product Forum13 May 2015 0:00GMTWhy should financial institutions build APIs and partner with fintechs to share their customers’ data? 13 May 2015 0:00GMTTheo Epstein sits down with Shane Evans, President of MX, to share how he helped revolutionize baseball with his unique approach to data, leadership, and culture.13 May 2015 0:00GMTMX’s Modern Connectivity solutions provide access to data required for enhanced fraud detection for ACH transactions per the 2021 NACHA ruling.13 May 2015 0:00GMTMX is leading the way with fast, reliable, and secure connections. See how you can take raw, unstructured financial data and turn it into your most valuable asset.13 May 2015 0:00GMTMX responded to the CFPB’s ANPR regarding financial records data access under Section 1033 of the Dodd-Frank Act.13 May 2015 0:00GMTThe right tools for consumers, data enhancement and cleansing, and partnering with trusted vendors can help keep consumer data secure.13 May 2015 0:00GMTIn a range of cases, the innovations of the future hinge on data enhancement.13 May 2015 0:00GMTHere’s what you need to know about connecting a Citi account through MX.13 May 2015 0:00GMTGiven the rapid growth of Buy Now, Pay later, it’s time for banks to invent new approaches of their own. Open Banking and Open Finance can help.13 May 2015 0:00GMTWith Open Banking, individuals and companies can give loan originators quick access to bank account balances and transactions.13 May 2015 0:00GMTWith Open Banking, the possibilities to help customers increases, giving people opportunities they’ve previously never had and opening up new revenue streams.13 May 2015 0:00GMTBrent Chandler, CEO of FormFree, talks how it disrupted and changed the lending process by using actionable data to gain better insights into borrowers.13 May 2015 0:00GMT MX builds innovative tools, but they aren’t just another check-the-box solution to throw at customers. 13 May 2015 0:00GMTWith open banking and open finance connections, financial providers can help with banking, lending, long-term financial planning, insurance, and investments — leading to true financial freedom.13 May 2015 0:00GMTOpen Banking will accelerate innovation and change within the payments space. 13 May 2015 0:00GMTThe decision to build, buy, or partner in banking and fintech is overwhelming. Here's one key question to ask to get it right.13 May 2015 0:00GMTOne of the best ways to securely streamline the mortgage origination process is via open banking APIs, which enable tokenized, credential-free data sharing. 13 May 2015 0:00GMTCompanies that can offer a solution that helps automate the complex and burdensome process of navigating finances will help people increase their savings and income and achieve true financial health. 13 May 2015 0:00GMT"Modern Connectivity is so much more than checking a box,” says David Whitcomb, VP of Connectivity at MX. “It’s connectivity with a purpose. It’s connectivity that doesn’t just make access to a product possible — it makes a product better." 13 May 2015 0:00GMTMX is advancing how modern data connectivity and open finance can improve the customer journey.13 May 2015 0:00GMTRyan Caldwell, founder at MX, discusses disruptive digital banking infrastructure, market size, and the future of data sharing.13 May 2015 0:00GMTAccount aggregation is the process of bringing various financial accounts together in a single view. This might include checking accounts, savings accounts, car loans, mortgages, 401(k)s, HSAs, and more.13 May 2015 0:00GMTStalling on innovation is expensive. Think about how you can integrate your teams early, find the right partners, and integrate a flexible, API-enabled tech stack.13 May 2015 0:00GMTTo win the future of banking, traditional financial institutions must invest more in partnerships. The right partnerships will anticipate and overcome the industry challenges ahead.13 May 2015 0:00GMTBack-to-back debates with Jim Marous, The Financial Brand, and Ron Shevlin, Cornerstone Advisors, on challenges facing financial institutions and fintechs. 13 May 2015 0:00GMTEngaged consumers can lead to higher balances, better debt management, and stronger ROI.13 May 2015 0:00GMTBig Tech , payments companies, and private and public fintech companies have ballooned — all of which is encroaching on traditional banking.13 May 2015 0:00GMTBanks can thrive through the digital transformation — a transformation that has only accelerated. People value convenience and want digital banking experiences at their fingertips.13 May 2015 0:00GMTFinancial institutions and fintechs should use data to create powerful financial wellness tools that guide their customers towards better financial habits while taking the hard work out of the equation. 13 May 2015 0:00GMTOpen banking and open finance APIs are the future of banking. Read more about what is API banking, its use cases, and its benefits.13 May 2015 0:00GMTAs the shift from traditional to digital banking accelerates, banks risk losing customers, not attracting the next generation, and becoming irrelevant.13 May 2015 0:00GMTHuman-centered digital banking: By partnering with the right technology companies to build data-driven mobile banking, banks will lay the foundation for years to come. 13 May 2015 0:00GMTMX uses historical data to predict future spending, improve budgeting, identify unwanted recurring payments, and avoid late fees.13 May 2015 0:00GMTA fixation on building or buying negates a third option, which is to partner to create an ever-evolving and adaptable banking platform. 13 May 2015 0:00GMTAngela Duckworth, bestselling author of Grit, talks about the concept of grit in organizations. 13 May 2015 0:00GMTThe COVID-19 pandemic has forced consumers to use digital banking channels more frequently, making them more accustomed to this mode of banking.13 May 2015 0:00GMTTo win future generations, financial institutions must partner with fintechs to give customers a digital experience that competes with upcoming challengers.13 May 2015 0:00GMTMessy transaction data erodes trust, clogs up your call center with requests for clarity, and burdens your operations teams.13 May 2015 0:00GMTForward-thinking fintechs and financial institutions use data to better understand and target their customers.13 May 2015 0:00GMTBy putting your financial data to use, you can create better money experiences, which leads to more users and more data. 13 May 2015 0:00GMTWe believe a clear, cross-agency regulatory framework from the CFPB will accelerate adoption of open finance and improve the financial health of millions of Americans. 13 May 2015 0:00GMTWhere do you start if you want to change your company culture around data in banking? Here's six steps to get started. 13 May 2015 0:00GMTWith actionable insights powered by enhanced data, personalized experiences are a reality to protect, guide, and inform customers.13 May 2015 0:00GMTWith aggregated and enhanced data, financial institutions have everything they need to power solutions that engage customers through a modern banking experience.13 May 2015 0:00GMTMX takes security measures seriously. We focus on five key areas: governance and security of systems, applications, data, and third parties. 13 May 2015 0:00GMTWith technology, financial institutions can turn good intentions into an actionable financial strategy. Here are two ways you can help put your customers on the path to financial success. 13 May 2015 0:00GMTShawn Achor, best-selling author, gives practical tips on happiness habits that can lead to a better life at work and beyond. 13 May 2015 0:00GMTMX works with top financial institutions and fintechs to improve the money experience. Read a few case study highlights.13 May 2015 0:00GMTRead highlights from a discussion about MX funding, the state of the industry, and what it all means for MX, featuring TPG and CapitalG.13 May 2015 0:00GMTFinancial wellness starts with data-driven money experiences. Read how you can incorporate data into your financial wellness strategy.13 May 2015 0:00GMTMX helps organizations automate the money experience using aggregated and enhanced data to make interacting with money intelligent and personalized.13 May 2015 0:00GMTOpen banking API platforms give organizations a way to launch open banking initiatives and connect with financial data from a variety of sources.13 May 2015 0:00GMTDo you know what your customers are hoping to achieve? How will you align your digital strategy to help them improve their financial wellness and reach their goals?13 May 2015 0:00GMTConsumer views and habits around money didn’t shift dramatically despite a global pandemic and widespread unemployment. Read one for key insights in 2021.13 May 2015 0:00GMTCheck out MX's list of the top content pieces from 2020 to help financial institutions and fintechs identify the right strategies and focus on growth in 2021.13 May 2015 0:00GMTCheck out these lessons learned from MX co-founder Brandon Dewitt on life, technology, and nobility in banking. 13 May 2015 0:00GMTMatthew McConaughey shares an inspirational journey as he explores insights from his new book, Greenlights, in the MX Visionaries Forum.13 May 2015 0:00GMTMake sense of Open Finance with this collection of insights from leaders at banks, credit unions, agencies, and fintechs.13 May 2015 0:00GMTWhile enhanced data is the foundation of innovation, it’s not sufficient for what the future demands. You also have to build the right digital experiences on top of that data.13 May 2015 0:00GMTBy creating visibility into the SMB space, financial institutions can dynamically and accurately understand who they are doing business with and how they are behaving to better meet their needs.13 May 2015 0:00GMTWe need to use data to enable a money experience that helps you keep relationships alive. This is only possible with exceptional data.13 May 2015 0:00GMTWhether you’re perfecting the digital experience, listening to customers, or improving relationships between employees, it’s all human. 13 May 2015 0:00GMT2021 banking initiatives hinge on having clean, comprehensive, and accurate data. Read survey findings for more insights.13 May 2015 0:00GMTSurvey contains data from 220 respondents from the banking industry and focuses on data, Open Banking, and financial wellness, as well as the outlook for 2021.13 May 2015 0:00GMTConsumers are demanding better digital experiences and during the pandemic choosing the biggest banks and fast-growing fintechs. How can community financial institutions compete? 13 May 2015 0:00GMTMary Wisniewski, Editor at Bankrate, speaks about the challenges inherent in banking during a pandemic and how financial providers can thrive regardless of the circumstances.13 May 2015 0:00GMTAre your customers forced into the chore of managing their money, or are you giving them an experience, backed by automated financial guidance and personalized nudges?13 May 2015 0:00GMTWaFd CEO and President Brent Beardall shares how the bank is making banking easy and transparent so they make smart financial decisions.13 May 2015 0:00GMTOpen Finance — driven by bank APIs — lays the foundation for the future of banking. 13 May 2015 0:00GMTThe most effective way to stay secure is knowing what’s out there. How you can adapt and stay up to date with security practices?13 May 2015 0:00GMTWith big data, financial providers shift to long-term thinking and customer-driven initiatives, which bring big opportunities.13 May 2015 0:00GMTConsumers expect the experiences they have with other digital-first companies from financial institutions. Are banks and fintechs delivering?13 May 2015 0:00GMTResearch shows financial institutions are focused on mobile and online banking, followed by customer onboarding, during the COVID-19 pandemic. 13 May 2015 0:00GMTAdrienne Harris, Financial Services Executive, shares how the dynamics of fintechs have evolved, the role of supporting financial institutions, and fintech regulation.13 May 2015 0:00GMTCOVID-19 is accelerating the conversation around what it means to be digital and what it means to be mobile first. And it's not just online or mobile banking.13 May 2015 0:00GMTFrank Abagnale, subject of the movie Catch Me If You Can — and cybersecurity and fraud prevention expert, shares important lessons to help prevent fraud and educate organizations.13 May 2015 0:00GMTCOVID-19 turned banking digital practically overnight. But what is the new normal in banking? And how will financial institutions rise to meet the challenges?13 May 2015 0:00GMTMehrsa Baradaran, professor at UCI Law, covers the history of economic injustice in the United States and the racial wealth gap.13 May 2015 0:00GMTEnhanced data with cleansing, categorization, and context helps financial institutions and fintechs offer a more compelling experience, which in turn drives up the number of profitable users13 May 2015 0:00GMTIn this new era of open finance, how can financial institutions iterate on their business model? It starts with understanding changes in human behavior in regard to how they bank.  13 May 2015 0:00GMTAlison Levine, First American Women’s Everest Team Captain and Bestselling Author, talks about the strength, perseverance, and determination it takes to make it to the top. 13 May 2015 0:00GMT Ron Shevlin from Cornerstone Advisors shares insights into which industry players and technologies have and have not done particularly well in 2020.13 May 2015 0:00GMTIt’s a fine balance between convenience and security; unfortunately, current security measures compromise the user experience and don’t effectively protect users.13 May 2015 0:00GMTGabby Douglas, three-time Olympic gold medalist, covers leadership principles and thoughts about financial advocacy. 13 May 2015 0:00GMTStephen Dubner, author of The Psychology and Future of Money shares insights on financial literacy, digital transformation, the psychology of money, and more.13 May 2015 0:00GMTToday, MX announced three product advancements that will change the way your users experience their money and will differentiate your organization from the fierce competition that exists in mobile banking.13 May 2015 0:00GMTWe’ve highlighted key insights from some of the most memorable keynotes and breakout sessions on Day 2 from Money Experience Summit 2020.13 May 2015 0:00GMTWith 30+ presentations and discussions from leaders inside of and outside of financial services, Day 1 of the Money Experience Summit 2020 was full of actionable insights. 13 May 2015 0:00GMTMX announced a wide range of advancements in banking and finance technology. See an overview below, and request a demo.13 May 2015 0:00GMTTo understand initiatives around data at financial institutions, we partnered with The Financial Brand and surveyed financial leaders.13 May 2015 0:00GMTIf history is a sign of things to come (and it is, as you’ll see below), companies that ignore fintech do so at their own peril. 13 May 2015 0:00GMTFinancial institutions are now closing branches more often than opening them. And this is just the cup of retail banking evolution13 May 2015 0:00GMTAs financial data becomes the new currency, security measures at financial institutions and fintechs are changing fast to keep up with the pace.13 May 2015 0:00GMTCatch key takeaways from the MX Ultimate Guide to the New World of Banking, which looks at how consumer expectations shifted throughout 2020.13 May 2015 0:00GMTAs part of our research on what consumers want from banks and fintech companies, we dive into financial account aggregation.13 May 2015 0:00GMTYou undoubtedly already know what fintech is. Still, this primer can help solidify your understanding of the term, where it comes from, and why it matters.13 May 2015 0:00GMTWhat’s the difference between screen scraping and APIs? And how does the evolution from one to other lead the industry to open banking?13 May 2015 0:00GMTMX powers modern banking and data access, making it easier for financial institutions to seamlessly integrate with the services and apps they need. 13 May 2015 0:00GMTRead on for practical insights from executives at banks, credit unions, and fintech companies on what bank CEOs must do in 2020.13 May 2015 0:00GMTFinancial advocacy is centered around helping people become financially strong through the use of technology and financial literacy. 13 May 2015 0:00GMTWe analyzed data from more than 6M consumers’ spending habits to find out how COVID-19 has changed fast food preferences.13 May 2015 0:00GMTSeeing someone as a whole person requires banks to “look at data and insights that drive what matters most to someone."13 May 2015 0:00GMTBanking, fintech, and product leaders and experts joined us from all over the industry, and spelled out precise ways you can excel no matter where you’re starting from. 13 May 2015 0:00GMTTo make sense of banking today, we surveyed more than 1,000 U.S. consumers about which banking features they want most.13 May 2015 0:00GMTHighlights from this roundtable with James Robert Lay, CEO of Digital Growth Institute and author of Banking on Digital Growth.13 May 2015 0:00GMTMX breaks down how the four largest banks in the United States - JPMorgan Chase, Wells Fargo, Bank of America, Citigroup - generate income and revenue.13 May 2015 0:00GMTMX surveyed over 1,000 consumers to see how their behavior on digital platforms has changed since COVID-19.13 May 2015 0:00GMTCheck out three interviews by John Maxfield, Editor in Chief of BankDirector.com, filled with practical banking advice for 2020 directly from innovators in the industry. 13 May 2015 0:00GMTDoug Nielson, SVP at US Bank, shares key takeaways on value-added banking and innovation, with Jane Barratt, Chief Advocacy Officer at MX.13 May 2015 0:00GMTThe new world of work is about skills, not necessarily degrees. Learn more about the future of work in the financial industry.13 May 2015 0:00GMTMX, OfColor, and Lucy Marcil, Pediatrician and Social Entrepreneur explored the topic of humanizing the digital banking experience in the New World webinar series from MX. 13 May 2015 0:00GMTLeaders discuss the shifting landscape in the financial industry and the disruptive role fintechs will play today and in the coming years. 13 May 2015 0:00GMTRyan Caldwell, Founder at MX, and Sam Maule, Managing Partner at 11:FS, share 6 bold predictions for financial services. 13 May 2015 0:00GMTHere are a few things you can do to work through the COVID-19 crisis and set yourself up for better financial success in the future.13 May 2015 0:00GMTThis interview highlights the future of fintech and 2020 predictions on innovation in financial technology as well as comments on investing.13 May 2015 0:00GMTJohn Derrico, Vice President of Data Strategy at Mastercard talks how to create a sustainable data culture, and compares data strategies to cooking and ingredients.13 May 2015 0:00GMTMilitary personnel put their lives on the line every day for all of us. A four-year survey found that 65% of military families experience financial stress.13 May 2015 0:00GMTSherrie Krizic, SVP of Financial Wellness at Local Government Federal Credit Union (LGFCU), shows how LGFCU has deliberately worked to secure financial freedom for all its members13 May 2015 0:00GMTMX surveyed 1,029 U.S. consumers about their financial habits as part of our Ultimate Guide to Financial Advocacy. 13 May 2015 0:00GMTHere are 3 ways financial institutions can market to the masses, one person at a time, with audience segmentation.13 May 2015 0:00GMTFinancial services companies have made significant improvements to user experiences in the past decade. The Qualtrics XM Institute surveyed more than 10,000 U.S. consumers.13 May 2015 0:00GMTRyan Caldwell, Founder at MX, sat down with Omar Hatamleh, Former Chief Innovation Officer at NASA, to discuss disruptive innovation. 13 May 2015 0:00GMTThe time to be a financial advocate is now for financial institutions, fintechs, and other financial providers.13 May 2015 0:00GMTHere’s a breakdown of the different ways financial stress affects people’s lives at work, across generations, and more. 13 May 2015 0:00GMTCOVID-19 caused fundamental and lasting changes to the economy. See how spending and saving behavior changed during COVID-19.13 May 2015 0:00GMTChief Commercial Banking Officer at Synovus shares insights on how to engage customers and improve outcomes during the COVID-19 pandemic.13 May 2015 0:00GMTJohn Maxfield, Executive Editor at Bank Director, talks with Brandon Dewitt, co-founder of MX, about using data for good.13 May 2015 0:00GMTThe Office of the Comptroller of the Currency issued an updated FAQ to clarify its previous bulletin on Third-Party Relationships, touching on data sharing and Open Banking. 13 May 2015 0:00GMTRead the transcript of this interview Brent Beardall, CEO at WaFd Bank, and John Maxfield, Executive Editor at Bank Director, about customer experience and the future of banking.13 May 2015 0:00GMTRon Shevlin tackles five big debates in the 2020s: bank branches, AI, data privacy, super apps, and cryptocurrency.13 May 2015 0:00GMTA panel of leaders share their thoughts on support for customers during COVID-19, customer communications, and helping their teams13 May 2015 0:00GMTTheodora Lau, founder of Unconventional Ventures, and Jill Castilla, President and CEO of the Citizens Bank of Edmond, talk data, analytics, innovation, customer service, and more.13 May 2015 0:00GMTChick-fil-A is nailing its digital strategy by focusing on three things: safety, speed, and long-term convenience. Here's what banks can learn from the fast food chain.13 May 2015 0:00GMTMX gets insights from the Financial Health Network to help financial services companies navigate the COVID-19 crisis, providing best practices for engaging customers and improving outcomes right now.13 May 2015 0:00GMTWe’ve seen businesses virtually in every industry do their part to help during COVID-19. Here’s a list of examples13 May 2015 0:00GMTThe lifetime value of banking customers can be significant. Explore ways to measure banking customer value and how to grow it.13 May 2015 0:00GMTJane Barratt, Chief Advocacy Officer at MX, led a panel featuring: Josh Rowland, President of Lead Bank, Liz Wolverton, Chief Strategy and Customer Experience Officer at Synovus, Ramona Ortega, CEO of My Money, My Future13 May 2015 0:00GMTA panel of leaders from Kabbage, TAB Bank, Autobooks, Regions Bank, and MX with extensive experience working with small businesses offer practical insights for how to work on this right now.13 May 2015 0:00GMTMX leaders discuss best practices for banks, credit unions, and fintechs during the COVID-19 crisis and economic downturn.13 May 2015 0:00GMTMX analyzed our database to understand where Americans overspend. In the spirit of college basketball season, we've shared our results in a tournament-style bracket.13 May 2015 0:00GMTFinancial data aggregation brings all sorts of advantages for both the customer and the institution. Whether you work at a financial institution or fintech, here are 8 questions to ask when looking for a financial aggregator.13 May 2015 0:00GMTDay 3 of Banking Transformation Week included conversations on the most pressing business needs and helping SMBs during COVID-19.13 May 2015 0:00GMTDay 2 of Banking Transformation Week was full of insights about how to optimize digital banking experiences right now.13 May 2015 0:00GMTDay 1 at Banking Transformation WEek covered timely advice about navigating COVID-19, working as a team, building out your data analytics strategy, growing deposits and loans, finding purpose in banking, and much more.13 May 2015 0:00GMTIf you want to thrive during this time, the safest route is to commit to digital. Whether it comes to data aggregation, data enhancement, data analytics, optimizing the user experience, or more, MX can help on this front.13 May 2015 0:00GMTThe Office of the Comptroller of the Currency (OCC) issued Bulletin 2020-10 addressing third-party relationship risk management.13 May 2015 0:00GMTIf you want to be an advocate for open banking and data sharing within your organization, here are three ways to get started.13 May 2015 0:00GMTFinTech Festival brings together financial industry leaders together to discuss innovative ways to integrate digital technology into banking. Here's 10 takeaways from 2020 to help you lead digital integration strategies. 13 May 2015 0:00GMTDebt reached a new high in Q1 2020 for the 22nd consecutive quarter. 13 May 2015 0:00GMTTo create superior money experiences, you must first build a culture of data — a culture where team members across your company know the basics of data literacy and have the tools they need to put your data to use.13 May 2015 0:00GMTBanking has changed dramatically over the past few decades. Now it’s increasingly about mobile apps, digital currency, and algorithms.13 May 2015 0:00GMTWhen a data breach does occur, it doesn’t just have a devastating impact to your customers, it also hurts your financial institution.13 May 2015 0:00GMTMX surveyed more than 1,000 U.S. consumers to get a clear sense of what leaders in financial services must do to make the most of the digital age.13 May 2015 0:00GMTIn an increasingly connected and data-driven world, it’s more difficult to protect customers from cyber security attacks. Financial institutions can implement solutions to decrease chances of fraud.13 May 2015 0:00GMTFinancial literacy is a critical part of making smart decisions about money; only 57% of American adults are financially literate.13 May 2015 0:00GMTPete Kight, founder of CheckFree and board member at MX, spoke at MX headquarters about his journey from startup to a $4.4 billion exit. 13 May 2015 0:00GMTTechnology can fundamentally improve people’s quality of life. Here are five ways financial professionals can drive inclusiveness within their institutions.13 May 2015 0:00GMTCan banks and credit unions be trusted stewards of our data as well as our money? MX shares key data and stories on finance and fintech in September 2019. 13 May 2015 0:00GMTView insights from 24 of the brightest minds in banking for your one-stop opportunity to get informed about the latest trends.13 May 2015 0:00GMTNot having the financial education necessary to make important life decisions can be detrimental in the long run.13 May 2015 0:00GMTFintech companies have undeniably transformed the financial industry. However, new entrants are realizing the growing pains.13 May 2015 0:00GMTMX shares key data and stories on finance and fintech in August 2019.13 May 2015 0:00GMTDigital experiences are becoming the preferred method for consumers across various industries, including banking.13 May 2015 0:00GMTAs of August 2019, for the 20th consecutive quarter, debt has reached a record high — and is $1 trillion above the debt levels at the beginning of the 2008 recession.13 May 2015 0:00GMTWe start aging the day we’re born; but the cumulative effect of gender and age bias against women renders them more vulnerable to financial insecurity as they age.13 May 2015 0:00GMTCheck out four trends that show how younger generations’ approach to wealth is changing and will continue to change in the coming years.13 May 2015 0:00GMTSince we last reported in our industry’s “surge in fintech funding and M&A” the trend has only increased. In May alone a number of fintechs received13 May 2015 0:00GMT As the use of mobile continues to skyrocket, financial professionals will need to redefine (again) how they can consistently deliver exceptional customer experiences in ways that attract and retain customers using technologies that jive with how people interact with the world around them today. 13 May 2015 0:00GMTTo branch or not to branch? That’s the hot topic of this month’s EFN, as we distill recent industry discussions to three insightful news articles specifically about the future of bank branches.13 May 2015 0:00GMTThe banking industry, like many others, is poised to experience unprecedented change as it moves towards a digital industry.13 May 2015 0:00GMTThe traditional banking model will soon be a thing of the past as technology innovations continue to redefine what it means to be a financial institution.13 May 2015 0:00GMTAs reported previously, venture capital-backed fintech companies raised more than $39 billion in 2018, up 120% from 2017.13 May 2015 0:00GMTWith the acceleration in technological innovation, financial institutions are well positioned to help customers build better financial habits.13 May 2015 0:00GMTWhy are Americans in more debt today than any other time in history? A large part of the problem is the lack of financial literacy.13 May 2015 0:00GMTAlthough payday loans are one option people rely on, financial institutions are well positioned to become the primary lenders.13 May 2015 0:00GMTA quarter of the way into 2019, our industry has already been a hotbed of activity. Here’s a snapshot of some trends and news from March.13 May 2015 0:00GMTOn the heels of a busy January, the world of fintech turned even more interesting in February with a blockbuster banking deal and other big news13 May 2015 0:00GMTMillennials shoulder a heavier financial burden due to soaring college tuition, higher health care insurance, and increasing childcare costs.13 May 2015 0:00GMTAs of February 2019, for the 18th consecutive quarter, household debt reached a record high — $865 billion above debt levels at the beginning of 2008 recession. 13 May 2015 0:00GMTStudent loan debt is the second biggest source of household debt, following mortgages. On an individual basis, Americans have more student loan debt than credit cards or auto loans.13 May 2015 0:00GMTWhat is the actual impact of being poor? The primary things that affect the working poor are higher costs of living, paying more for basic needs, and higher interest on lending.13 May 2015 0:00GMTOur industry is abuzz with news as we kick off what has already begun as an exciting year in the world of fintech.13 May 2015 0:00GMTWith cyber attacks becoming more frequent and sophisticated, passwords are no longer sufficient for keeping customers’ information safe. Enter biometrics.13 May 2015 0:00GMTA recent survey from PWC highlights that dealing with personal finances is the single largest source of stress for employees in America. 13 May 2015 0:00GMTMobile banking is becoming the new norm among consumers. According to a recent survey, 64% of millennials and 59% of Gen X have at least one full-service banking app on their phone.13 May 2015 0:00GMTMX shares key data and stories on finance and fintech in December 2018.13 May 2015 0:00GMTOpen Banking is gaining fast momentum as the best way to securely share customer data with third parties via APIs.13 May 2015 0:00GMTWelcome to the Thanksgiving edition of Essential Fintech News, your source for the latest trends in fintech.13 May 2015 0:00GMTDebt has returned to levels last seen before the recession, but the makeup of that debt has changed significantly. 13 May 2015 0:00GMTOctober is where ideas coalesce! It seems every bank is on the road — from Money 20/20 in Las Vegas (where MX is) to the American Bankers Association (ABA) conference in New York.13 May 2015 0:00GMTSix weeks after the Office of the Comptroller of the Currency (OCC) opened its door to formal applications, the 'fintech charter' has been slow to elicit many takers.13 May 2015 0:00GMTIt''s been a big few weeks for regulatory announcements. The Treasury released the long awaited Fintech report, and the OCC announced their much rumored fintech charter13 May 2015 0:00GMTToday’s consumers expect highly engaging experiences across all platforms. And delivering on their demands starts with clean data.13 May 2015 0:00GMTIn the wake of today''s announcement that the OCC will begin accepting national bank charter applications from financial technology companies, one thing is for sure: the demand for consistent governance and security has been heard.13 May 2015 0:00GMTMoney is the biggest concern for Americans today. Financial wellness continues to play a role in the quality of life of many individuals. What can be done?13 May 2015 0:00GMTThis webinar walks through how to lay the foundation for an AI-driven approach to big data. 13 May 2015 0:00GMTYounger generations will become more dependent on automated, intelligent-driven solutions for their financial needs. 13 May 2015 0:00GMTBy reducing your financial stress, you''ll improve your quality of life and your health. These tips can help you to turn your financial health around.13 May 2015 0:00GMTHow will GDPR impact your bank? Are you ready for it? And, does it mean you shouldn''t use data? Here’s what banks need to know about GDPR’s impact even as a US-based company.13 May 2015 0:00GMTWe’re half way through. What the banking industry looks like after the first half of 2018 – it’s all about disruption, deregulation, and customer service.13 May 2015 0:00GMTFinancial companies are heavily investing in developing sophisticated AI algorithms across every sector of the industry. But are they using the data in the right way?13 May 2015 0:00GMTThe future of banking is very much focused on technology, innovation, security, and AI. Here are a few of the innovative banking tools and resources we are seeing across the industry.13 May 2015 0:00GMTKeith Armstrong, Co-Founder of Abe.ai, and John Schute, CIO, Mercantile Bank of Michigan, talk about how Mercantile''s chatbox powered by MX has helped the bank.13 May 2015 0:00GMTAs chatbots continue to rise in popularity (think Amazon Echo or Google Home), so does the need to have clean data feeding that chatbot. 13 May 2015 0:00GMTMX runs all transactions through our cleansing, categorizing, and classifying process. This means that we take the garbled mess of a typical transaction feed and make it useful.13 May 2015 0:00GMTIt's all about using the data from MX Insight to place the right offer in front of the right account holders at the right time.13 May 2015 0:00GMTCleansing, categorizing, and classifying lays the foundation for you to make data useful ... while avoiding misunderstandings and potentially embarrassing (or painful) situations! 13 May 2015 0:00GMTWith MX, you can offer transaction data that has been cleansed, categorized, and classified.13 May 2015 0:00GMTWhat value does artificial intelligence bring to the customer? Why invest in AI if it will not benefit the customer? 13 May 2015 0:00GMTFinancial Literacy Month is a wonderful opportunity to pause and focus on the rising generation.13 May 2015 0:00GMTBanks continue to be limited by delusions about what data can really do for them -- and when they need to apply technology on a broad scale. Here is a look at three key delusions financial companies are facing right now.13 May 2015 0:00GMTIn this webinar, James Dotter, CFO at MX, shows you how to get started with big data, including how to set up the right metrics to succeed on a large scale and prepare for the future of financial services.13 May 2015 0:00GMTWhat is the real value of fintech? It can be difficult to convince staff or investors that fintech offers an incredible ROI.13 May 2015 0:00GMTWith the right tools, it is possible to support account holders during tax time, and, as a result, build a solid reputation and relationship.13 May 2015 0:00GMTKPMG: “In our view, few mandates are more important to the banking industry right now than a relentless attention to connecting with customers as a means of building new revenue streams.”13 May 2015 0:00GMTThe implications of the changes in banking are enormous. As proof, let’s look at each of the four services outlined in 1914 and how they’ve changed.13 May 2015 0:00GMTCleansing transaction data is imperative to building a proactive, competitive business. 13 May 2015 0:00GMTBank revenue models are shifting, and the implications are potentially enormous for traditional institutions. In this post we look at what financial institutions must do to survive.13 May 2015 0:00GMTToday’s consumer is looking for a financial partner — an institution to not only hold their money and lend them money, but to help them be effective with their money. 13 May 2015 0:00GMTMX recently hosted another FinTech Festival in the beautiful mountains of Sundance, Utah. See their survey results here.13 May 2015 0:00GMTThere are many ways that data is accessed, and there are a variety of tools that are available for gathering and analyzing it. But how does a bank use data to improve its operations? Get four suggestions here.13 May 2015 0:00GMTFintech overseas money transfer companies have done well to capitalize on the shortcomings of banks.13 May 2015 0:00GMTLast week's news talked about banking consumers technological expectations and how clean data might mean getting more out of you digital banking technology.13 May 2015 0:00GMTDigital banking has become one of the most important investments for financial institutions today. Yet, like with anything else, you get what you put into it.13 May 2015 0:00GMTThis week look back on the rave reviews coming from AFCU''s mobile app and the scary thing about 2018.13 May 2015 0:00GMTThis week we look into what Amazon did to get its foot in the metaphorical door of mortgage financing and the MX and Coast Capital partnership.13 May 2015 0:00GMTFrom Bank of America's Erica to Capital One's Eno to JPMorgan's Coin, leading banks are developing chatbots to make finances hands free and easier than ever.13 May 2015 0:00GMTLast week Yahoo Finance is rolling out a new savings app and the OCC is asking banks to proceed with caution.13 May 2015 0:00GMTLast week in banking we looked into the 3 crucial challenges facing banks in 2018 and more on the CFPB legal battle.13 May 2015 0:00GMTThis week we take a look at the tech giants in financial services competing for your customer and how AI is being used in banking today.13 May 2015 0:00GMTTraditional value propositions such as privacy and security are a given for account holders. Millennials demand more.13 May 2015 0:00GMT2018 promises to bring new focus to mobile, blockchain, rewards, and more. These banking trends show that it's an exciting time to belong to the industry.13 May 2015 0:00GMTSee how you can get the funding and mentorship you need to boost your startup's growth with one of these 7 fintech accelerators.13 May 2015 0:00GMTHow can banks connect with today's Millennial customer and get them to switch? Here are real-world solutions.13 May 2015 0:00GMTHere are 3 trends in social media that the banking industry is missing out on.13 May 2015 0:00GMTMX, Yodlee, Geezeo, Strands, FinanceWorks — here is a list of PFM (or digital money management) providers in the United States, coupled with a short description of each.13 May 2015 0:00GMTThis week we look into how tech giants like Apple and Amazon have positioned themselves to rival banks.13 May 2015 0:00GMTPete Kight recently spoke at a Rev1 Venture event, where he talked about his experience building CheckFree and answered questions from the audience.13 May 2015 0:00GMTFintech valuations have nearly tripled, bank branches have been slashed, and Stripe has a stunning amount of profit.13 May 2015 0:00GMTWe met up with Nancy Harhut, Behavioral Science Marketer, to talk about the field of behavioral economics. 13 May 2015 0:00GMTRon Shevlin says he's “never seen a solid analysis that attributes bottom line results to PFM usage.” We've gathered data points to share what we've seen.13 May 2015 0:00GMTDan Marks, CMO at Hancock and Whitney Bank, talks to us about how marketing automation has changed and the results he's seen.13 May 2015 0:00GMTWe talk to Shara Evans, technology futurist, about how digital devices will change over the next 10 years.13 May 2015 0:00GMTMX talks to Johnny Hanna, the CEO of a company called Homie. Homie is changing the way people buy houses by streamlining and digitizing the experience.13 May 2015 0:00GMTMX talks with Shara Evans, a technology futurist based out of Australia, to explore what the future of banking looks like. 13 May 2015 0:00GMTWe’ve gathered excerpts from conversations with leaders on how data will open the floodgates of change in banking. These quotes all point to the importance of taking data seriously.13 May 2015 0:00GMTMaking the transition to a culture of data analytics and targeted marketing can give your company the upper hand against the competition for years to come. 13 May 2015 0:00GMTWe've gathered data on both interest income and non-interest income from the National Credit Union Association (NCUA) and displayed it here. Feel free to use it in your research.13 May 2015 0:00GMTFinancial institutions and aggregators once again collide as they respond to a CFPB request for information around consumer access to financial records13 May 2015 0:00GMTSee who leads the pack in the inaugural edition of Javelin’s Online Banking Scorecard, a competitive analysis of the nation’s top 30 retail banks and credit unions. 13 May 2015 0:00GMTWill U.S. banks maintain strength via open API innovation or will foreign competitors, like EU-based banks, poach these lucrative data and revenue streams?13 May 2015 0:00GMTBanks examine their performance and sales metrics in the aftermath of Wells Fargo, Venmo grows rapidly but is the app making money for PayPal?13 May 2015 0:00GMTThe sooner banks embrace an API-enabled platform architecture, the sooner they will be able to claim a new stream of revenue.13 May 2015 0:00GMTCross-selling has been a great way to develop customer relationships and generate revenue from lower cost targets, but it can be improved with data analytics.13 May 2015 0:00GMTWe interviewed Susan Wolfe, VP of Compare Media at Mintel about how banks and credit unions can optimize each channel to best serve the end user.13 May 2015 0:00GMTCustomer service, whether in-person or digital, can be enhanced by developing empathy with customers.13 May 2015 0:00GMTBanks are beating credit unions in mobile banking utilization and it’s not even close. But why? 13 May 2015 0:00GMTThis week we look at how financial institutions can appeal to the underbanked and Millennials, as well as the latest on mobile wallets and bank applications.13 May 2015 0:00GMTWe talked to Chris Snook, executive at Ethology, about how financial institutions can increase empathy for their account holders.13 May 2015 0:00GMTWe talked to Dave DeFazio, partner at StrategyCorps, about a service that's so valuable that customers willingly pay a fee for it every month, resulting in immediate ROI for StrategyCorps's clients.13 May 2015 0:00GMTThese apps and services from Acorns, SaveUp, LearnVest, MindBlown Labs, and Khan Academy will help you get out of debt and stay financially strong.13 May 2015 0:00GMTWe talked to Safwan Zaheer about the future of financial technology and how fintech companies and financial institutions can better work together.13 May 2015 0:00GMTAugmented is the guidebook business people need (especially bankers) to get ahead of the rapid changes coming.13 May 2015 0:00GMTIt’s no secret that the traditional retail banking is struggling. How do these banks turn things around?13 May 2015 0:00GMTFICO factors have merit in predicting credit worthiness. However, they don't give lenders a wide snapshot of a borrower’s likelihood to repay.13 May 2015 0:00GMTAs wearable technologies and point-of-sale technologies rapidly converge, it’s important to understand where they started.13 May 2015 0:00GMTBlockchain offers safe, secure, and low-cost payment solutions for the global unbanked.13 May 2015 0:00GMTConsumers are hungry for advice to help manage and improve their financial health but a hesitance to aggregate accounts could reduce the usefulness of potential insights.13 May 2015 0:00GMTWe talked to Brock Blake, founder and CEO of Lendio and a contributor at Forbes.com, about the state of small business lending and financial technology in general.13 May 2015 0:00GMTIn the age of Google, account holder expectations have changed. See how your financial institution can use the lean startup methodology to exceed those expectations.13 May 2015 0:00GMTAn interview with Michal Panowicz, Managing Director for Products, Marketing & Digital at mBank13 May 2015 0:00GMTWe recently caught up with Bradley Leimer, a thought leader in fintech, to talk about the future of banking.13 May 2015 0:00GMTAnthony Thomson, the Former Chairman and Founder of Metro Bank, talks about his new mobile-first bank named Atom Bank.13 May 2015 0:00GMTFrom leveraging technology to enhance personal relationships to running smarter usability tests, here are five ways banks and credit unions can win millennials.13 May 2015 0:00GMTWe talk to Chris Skinner, Chairman of the Financial Services Club and author of the book Digital Bank, about why banks should focus on relationships.13 May 2015 0:00GMTA new theory of consumer segmentation not shaped by age or income per usual, but instead breaks down the general public by regular use of online and mobile banking. 13 May 2015 0:00GMTIf you want to offer a powerful digital banking experience, plan for mobile first and then make the experience seamless across all devices.13 May 2015 0:00GMTPicture this: You have two financial apps on your smartphone. One lets you aggregate all your accounts in one view; the other doesn’t. Which one do you think stands the best chance of becoming your primary financial application?13 May 2015 0:00GMTCurious about the future applications around location data? MX talks with David Kaplan, Managing Editor of GeoMarketing, the media and content arm of Yext13 May 2015 0:00GMTMany community banks and credit unions have become primary financial institutions in name only as a significant number of their customers turn to secondary FIs for credit cards, mortgages and other loans.13 May 2015 0:00GMTRon Shevlin says that the traditional business model for banks is no longer viable. Read his reasons why, as well as his suggestions for change.13 May 2015 0:00GMTMillennials are more likely to choose big banks because the big banks invest more heavily in the financial technologies that make banking more convenient13 May 2015 0:00GMTWe spoke with Alex Waters, CEO of Coin.co, about how bankers have started to use Bitcoin.13 May 2015 0:00GMTForrester unveils its predictions for the future of digital banking, including the role digital money management will play in enabling financial well-being.13 May 2015 0:00GMTWe caught up with Lani Hayward, EVP of Creative Strategies at Umpqua Bank, to talk about the innovative ways that Umpqua has navigated the shift to the digital age.13 May 2015 0:00GMTThe August 10 acquisition of financial data mining and personal financial management solutions provider Yodlee by Envestnet sent shockwaves across the industry. Here's an overview of the situation.13 May 2015 0:00GMTFor small financial institutions, local marketing provides the foundation for all digital marketing efforts. 13 May 2015 0:00GMTWe talked to Kenneth Lin, CEO of Credit Karma, about how the rise of fintech has given consumers more access to their data than ever before.13 May 2015 0:00GMTHere are five ways to amplify your design chops and make your financial institution a leader in innovation.13 May 2015 0:00GMTPersonal financial management (PFM) software has existed since the the earliest days of the PC, and yet consumer adoption of the products has often been lackluster. Here's why.13 May 2015 0:00GMTHere are a five tips that can help you make the transition to a digital banking culture.13 May 2015 0:00GMTWe recently caught up with Mohamed Khalil, the Head of Product, Data & Marketing at Moven, to talk about user experience.13 May 2015 0:00GMTFinovate was full of companies continuing to innovate around the use of big data, ID verification, payments/payment processing, mobile wallets…and PFM! 13 May 2015 0:00GMTBy 2017, Millennials will have more buying power than any other demographic in the United States. That means that banks and credit unions can’t risk ignoring this demographic.13 May 2015 0:00GMTCatch the latest fintech debate and read an analysis of what the future holds.13 May 2015 0:00GMTWe talk to Parin Kothari, leader of strategy and communications for digital channels at TD Bank, North America, about how the bank uses analytics.13 May 2015 0:00GMTMoven, the digital banking service created by Brett King, has chosen to power its platform with MoneyDesktop’s API.13 May 2015 0:00GMTWhether financial institutions know it or not, the fight to remain top of mind and be the primary financial institution for account holders is THE (or one of the) biggest challenges they face. See why here...13 May 2015 0:00GMTCustomer advocacy has become a hot topic, but there is some ambiguity about what it really means. This post gives tips on how to best serve your account holders.13 May 2015 0:00GMTBuilding relationships and targeting Millennials should be priority. Here's how to make them your most profitable customers yet.13 May 2015 0:00GMTHear directly from a Millennial about a few ways that banks can best meet the needs of Millennials.13 May 2015 0:00GMTWe talk to Marketing Consultant David Gerbino about the relationship between fintech and financial institutions.13 May 2015 0:00GMTWhat can banks and credit unions do to help alleviate Millennial mortgage anxiety?13 May 2015 0:00GMTMobile messaging is a way for banks and credit unions to cement their status as the customer’s primary FI and be their go-to option.13 May 2015 0:00GMTSuccessfully integrating fintech and banking is not an easy proposition. However, the benefits offered by outweigh the risks.13 May 2015 0:00GMTWe talk 2016 bank trends, how customer service has changed with digital technology, what the ideal digital bank looks like, and the future of banking.13 May 2015 0:00GMTWe talk to Brett King about a range of topics including how financial institutions and fintech can better work together.13 May 2015 0:00GMTIn order to tackle the shift in demographic expectations, financial institutions and retailers need to address the needs of every generation (and every account holder).13 May 2015 0:00GMTThe book outlines the changes banks face and what bankers should do about it. It's a how-to guide for the age of digital banking.13 May 2015 0:00GMTChanges in each area of banking (from loans to payments to financial management, etc.) spell disruption for some players and opportunity for others13 May 2015 0:00GMTBuilding a consistent mobile experience across channels is a challenging problem to solve. More devices are entering the market every week, and each device comes with its own challenges.13 May 2015 0:00GMTHow should start-ups be thinking about marketing and what could be done with almost no marketing budget to drive acquisition and purchasing activity?13 May 2015 0:00GMTBanks and credit unions can either adopt new technologies or find themselves irrelevant soon enough. At this point, it’s only a matter of time before banking changes forever.13 May 2015 0:00GMTThe state of digital banking is in flux like never before. Today, users want a powerful digital experience, and they’re willing to switch banks to get it.13 May 2015 0:00GMT