Monit

We all gathered for our Annual Team Summit in Boston for #SmallBusinessMonth and it was great to strategize and align on our key initiatives to further expand on our mission of bringing actionable insights and analytics to SMBs & the FIs that support them. One of the highlights included going out into the field and spending time with local businesses to understand how they are served by their banking partners. Thank you to Bully Boy Distillers for hosting us, sharing your company’s story, and demonstrating how local community banks have supported your business operations for over 10 years. For those of you that are looking for great bourbon, we highly recommend their product!

That’s a wrap on Apiture Accelerate 2024! What an amazing few days packed with engaging speakers, great conversations, and so much fun! Huge thanks to our clients, partners, and speakers who helped make our time in Orlando so special. 🧡 💙 💯 Jim Marous Christine Barry Tom Wujec The Harris Poll Tim Osiecki SavvyMoney DefenseStorm MeridianLink HC3 Alacriti Footprint Payrailz Monit MX Neural Payments Trustgrid Dustin Kizer Randy Covington Rich Friedberg Dustin Atkins Erin Batey Jeff Hansen John Chappelle Barry Sloane Kelvin Lui Nicolas Young Tiffany Williams

What's been your recent Ric Flair moment? Well "wooo baby" here is how to grow SMB #deposits with Monit & Jack Henry! Had a blast presenting with Eric Arnold in yesterday's webinar to demonstrate how Banno banks & credit unions are using alternative data & insights to unlock their businesses share of wallet to grow deposits. #smallbusinessbanking #cashflowanalysis #smbinsights

Need to win more #SMBs? The right digital experience can help you capture valuable business relationships. https://jkhy.co/3TCBTbF. #businessbanking #smb #digitalbanking

For those that know me well, I’ve been saying it for years. The small business banking space is the hottest topic in #fintech. And here is why: 1. It’s extremely profitable - $370bn opportunity (cited in a recent report by Jack Henry) 2. A great source of funding due to it's low-cost sticky #deposits 3. An opportunity to generate non-interest fee revenue We’ve seen large FIs and technology players recently rollout tools and capabilities specifically centered around solving pain points for #SMBs to deepen wallet share and steal financial relationships from competitors. Here’s a brief landscape of who is doing what (there are more than just this list!): Chase: released Customer Insights & are staffing up with 1000 business bankers to enter new markets & dedicate more RMs to their clients by 2025 Bank of America: launched Cash Flow Monitor & cited more than 300% annual sales growth to SMBs via the digital channel PNC: developed Cash Flow Insight that integrates with online accounting platforms to allow business owners to manage their finances & forecast scenarios within online banking BILL: Last month rolled out cashflow forecasting capabilities integrated with Quickbooks Online Intuit QuickBooks: This week rolled out fast approval lines of credit from $1,000-$50,000 via WebBank Bluevine: Surpassed 500,000 SMB accounts and over $1billion in SMB deposits with their checking products At Monit, we equip 20+ financial institutions with the right guidance & forecasting tools to keep your customers with you and attract new ones that want a personalized digital relationship. We’ve also pre-integrated our solution with leading digital banking providers (Q2, Apiture, Jack Henry, Narmi, etc) in the US to get you in market in a matter of weeks! Send me a DM if you’d like to know more and talk about your strategy toward banking the back bone of the American Economy 💪

Eastern Bank’s Bob Rivers gets specific on the execution of Eastern’s “build and buy cool stuff” vision and tech-as-enabler-but-innovation-is-a-mindset with the lab journey including FIS, Numerated, Infosys, Backbase, Pinkaloo Technologies (now a part of Ren), Monit, JAM FINTOP, Mass Challenge, and Midsize Bank Coalition. Love it when bank leaders get specific and name the names of the supporting #fintech cast and influences. Shout out to Nathan Baumeister, Matt Dean, and team Association for Financial Technology (AFT) for nailing great morning keynotes. You guys have a gift. #aftspringsummit. Brian O'Neill Dan O'Malley Kapol Tandon Adam Aspes Ron Shevlin Steve Williams Tristan Green Kara Parkey Stacey Bryant Kathleen Craig Victoria VanCura-Rutland Jeff Harper Mark Forbis Jouk Pleiter John Durrant

Free beer!!! If you're in #Boston for Association for Financial Technology (AFT)'s Spring Summit (or, any other reason!), please swing by Tues night to see Stephen Dow speak on a panel with Tyler Brantley, Charles Potts, Abby Nguyen-Burke and Jay Schuren, moderated by the inimitable Scott Mills, APR. Should be a great session...and, there's free beer! Sign-up info in the comments. #communitybanks #banktech #fintech

It’s been a memorable week celebrating our graduation of #ThinkTech’s AP6 cohort at #ICBALive! Appreciative for the ICBA Team for all their support the last 10 weeks and the exposure you have given us to hundreds of community banks. It was also great to mutualize our learnings with other peer fintech graduates: HuLoop Automation, Revio, Conductiv, Azimuth, and Trust Stamp. Special thank you to Wayne Miller, Charles Potts, Stephanie F., Amelia Wainscott, Laura Norrell, and Kristina Arañas Morris! #businessbanking #cashflowinsights  

Don't miss this upcoming Boston Fintech Meetup on Tuesday, March 19, at 6:30 with Scott Mills, APR of William Mills Agency, Charles Potts of ICBA, Stephen Dow of Monit, Tyler Brantley of Core10, and Jay Schuren from DataRobot: https://bit.ly/3TAPNwb

Monit is headed to Orlando, FL this week for #ICBALive2024! The ICBA ThinkTECH Showcase will feature us and our peers from the ThinkTech Cohort 6: Revio, Conductiv, HuLoop Automation, Trust Stamp, Azimuth! Come learn how community banks can provide award-winning financial tools to business customers, while generating key insights on their portfolio like identify deposits being held away. And, win the trusted advisor status with their SMB clients! ThinkTech Showcase on Main Stage Thurs @ 12:57pm ThinkTech in an Instant on Hub Stage Thurs @ 3:45pm #ICBAThinkTECH #communitybanking #businessbanking