Community Banks

Building An Internet of Things In Retail Banking

Submitted by Amy Hibbard on Wed, 12/26/2018 - 12:32

The Internet of Things (IoT) is a concept that describes a totally interconnected world. Some vehicles, kitchen appliances, and even heart monitors are now connected through the IoT. And as the Internet of Things continually grows, more devices will join that list. Ultimately IoT is able to help people in a number of ways by saving time and simplifying daily activities. One of the industries that will be benefiting from IoT the most is the banking industry.

Integrated PFM Can Help Mitigate Fraud Cost and Exposure

Submitted by Amy Hibbard on Thu, 09/13/2018 - 15:45

There is plenty of talk about cybersecurity both internally and externally. And it’s no surprise that cybersecurity in the financial sector, in particular, is a huge industry. Cybercrime, in general, is a $600 billion industry, and at some point in all those breached accounts and all that compromised security, financial institutions will pay either directly or indirectly.

Integration: Where the Rubber Hits the Road

Submitted by Amy Hibbard on Mon, 03/25/2019 - 17:50

It’s one thing to shop for a new fintech platform. It’s another to actually buy one.

Then it’s entirely another to integrate that platform into your current operations. This is the culmination of all that planning, researching, negotiating and spending.

It can be a very harrowing experience. Or, it can be a dynamic experience with a new and valuable client.

Plan an Emergency Fund with Your PFM

Submitted by Amy Hibbard on Mon, 02/25/2019 - 14:54

Drama-Free Emergencies and Stress-Free Fun with Your PFM

February is the shortest month, but it has a pair of what we call “sneak-up events” in it.

These are events like Valentine’s Day and the long President’s Day weekend that tend to catch you by surprise, since they usually sneak up on you and aren’t likely planned for in your budget. These tend to be the places where all your good budgeting and savings goals take the biggest hit.

Don’t Lose Your Head When Opening Your Heart

Submitted by Amy Hibbard on Fri, 02/08/2019 - 12:55

When thinking about holidays, is Valentine’s Day on your list for spending big? Well, it should be because last year, 135 million people in the US spent $30 billion on this holiday. It is important to try not to lose your head when you’re giving with your heart.

Granted, that’s easier said than done. As the infographic shows, Americans are expected to spend an average of $221 on Valentine’s Day. That’s a pretty special day.

The question is, are you prepared for it financially?

3 Powerful Marketing Strategies for Using Your PFM Data

Submitted by Amy Hibbard on Fri, 01/25/2019 - 13:13

Since the best marketing is often built on personal connection, then creating a unique customer experience builds a personalized journey tailored for each person you want to reach. 

Your customers want to know that you understand their unique needs, and more and more they are coming to expect that when you talk to them, your messages are relevant to their needs and desires. And a strong personal financial management (PFM) platform allows you to do that.