What’s in a Name?

Customers and bank employee reviewing account benefits at desk.

By James Mason My friend and her six-year-old daughter were listening to music. Her daughter said that she’s never heard the song playing and that it was “weird,” so my friend said, “This was a popular song when I was a teenager in the ’90s.”  Her daughter replied and said, “Oh. You mean in the…

Read More

The Rise of the Multi-Account Consumer

Woman with smartphone in office

Research shows that having more than one checking account has become more popular these days. This is true especially among Millennials, of whom 42% have two or more accounts. In fact, among consumers who consider a digital bank to be their primary bank, 42% have more than one checking account, and half of them have…

Read More

Quality vs. Quantity vs. Retail Banking

Banker and customer

By Ryan Harbry The tension between quality versus quantity is age-old, affecting industries of all kinds, especially banking.  Community banks and credit unions are intimately familiar with weighing quality versus quantity. Financial institutions have quite the split personality in this arena if we’re honest with ourselves.  When it comes to lending practices, no stone will…

Read More

The Big Tech Threat (Opportunity?)

piggy bank sitting on a laptop keyboard

In November 2019, Google announced that it was going to launch a checking account. The announcement elicited the typical frenzy in the press about how the Big Tech company and its fellow Gigantosauruses were going to put traditional banks out of business. But — surprise, surprise—that wasn’t the game plan.  The plan was to partner…

Read More

Moven: One on One with Dave DeFazio, Partner at StrategyCorps

This content originally appeared here. [LINK]   When you have the opportunity to ask some of the most interesting people in financial services and fintech about where the industry is headed, sometimes fascinating insights are revealed. We’ve built Moven’s One-to-One to showcase these influencers and their insights. In this installment, Moven’s Gregg Early sat down…

Read More

BaZing’s Got My Back

Car trouble - couple looking under the hood

By Clay Crenshaw Having worked with financial institutions over the last few decades on their retail checking account strategies, I find myself so focused on things like fee income, analytics, and net interest margins that I forget how relevant and impactful our products can be.  If you’ll indulge me, I’d like to share a quick…

Read More

Fuel Your Fee Income with BaZing

Customer getting ready to use BaZing Fuel on her smartphone

Imagine your customers or members going to the pump and getting cheaper gas every single month. Think they’d appreciate your financial institution making that happen for them?  Inspired by popular grocery store programs, StrategyCorps’ new BaZing Fuel program takes fuel rewards to a whole new level by letting financial institutions help consumers save money when…

Read More

Is Your Financial Institution Feeling the Burn?

Building Exterior in sunlight

When the first so-called “challenger banks” like Simple and Moven appeared on the scene around 2010 they were heralded as “disruptors” that were going to put traditional banks and credit unions out of business. Why? The asserted logic was that they provided a better customer experience, were more customer-friendly in terms of pricing (i.e., no…

Read More

The Amazon Prime Effect: What does this mean for banking?

This content originally appeared here: [ LINK ]   By Dave DeFazio Remember what life was like before two-day shipping? I sure don’t. Like many of you, I am addicted to Amazon Prime, and I am going to bet that if you haven’t shopped on Amazon today, you’ve probably shopped on Amazon at least once…

Read More

Our Favorite Monthly Subscription? Our Community Bank!

Garrelts family photo (Amy, Elizabeth, Max, and Claire)

Members of the Garrelts family, which includes Chris (the unseen photographer), his wife, Amy, and their three teens (Elizabeth, Max, and Claire), saved $35 per ticket at Universal Studios Hollywood — plus another $1,200 in unforeseen cell phone repair costs, all thanks to their checking account powered by BaZing. By Chris Garrelts As a father…

Read More