What’s the impact of an account switching platform on your financial institution?

What’s the impact of an account switching platform on your financial institution?

In the world of account switching there are key battles you must win. For example, getting the direct deposit moved over is perhaps the greatest victory you can manage in this process. The war is won as you continue through the additional skirmishes for moving over payments, whole savings accounts, and additional products, but the direct deposit is key!

How to really change your behavior this new year — hint, one thing won’t get you there

How to really change your behavior this new year — hint, one thing won’t get you there

In order to create long-lasting change you may need to change how you see the world a little. I’m going to ask you to put on your nerd glasses and start seeing the world through a different lens — the lens of a scientist. One of the first myths we need to overcome about our new years resolutions is the idea that if we make a mistake and have “fallen off the wagon,” it’s over.

Edison famously said “I have not failed. I’ve just found 10,000 ways that won’t work.” Behavior change is a little like creating the light bulb. You need to become an expert in the field of what works and what doesn’t for you! That takes experimentation. With this key assumption, lets don our nerd lenses and get into creating long-lasting change in 2018.

Driving innovation when you aren't at a startup

Driving innovation when you aren't at a startup

Following that feedback - and with several customers on the hook saying they would buy it as soon as it was ready - I returned to Scott with a very high level pitch of what the product would be. I had made some crude initial mockups, but this idea was beginning to take on a life of its own, and I needed someone that could take it to the next level! I shared what features customers felt were critical and which would be “nice to have’s.” Scott - as usual - made the idea significantly better.

Leadership Science: 3 secret ways to become indispensable at work

Leadership Science: 3 secret ways to become indispensable at work

The three vital behaviors these researchers identified are 1) know your stuff, 2) focus on the right stuff, and 3) build a reputation for being helpful (see “Change Anything: The New Science of Personal Success”, pg. 138, by Kerry Patterson, Joseph Grenny, David Maxfield, Ron McMillan, and Al Switzler). As I look back on my experiences with Carrie, and other admirable colleagues, I see the same consistent behaviors.

The next chapter for banking, make it interactive

The next chapter for banking, make it interactive

One of the first things we noticed was that consumers think in terms of moments. When they create a new savings account “Savings 1,” what they’re really doing is planning on buying a car or going on a great vacation. When these customers hit $1,000 in that account they were actually half-way to reaching their goal - they hit an important milestone. That’s cause for celebration!