Unveiling MoniCore: Data-Driven Sales Intelligence to Unlock SMB Potential

In today's competitive banking landscape, unlocking the full potential of your Small and Medium-Sized Business (SMB) portfolio is critical. Monit, known for its award-winning platform that provides actionable intelligence to bankers based on business’ financial/accounting data, proudly introduces MoniCore, the next level of actionable intelligence!

February 2025 Edition

January 2025 Business Banking Newsletter

Banks as Tech Providers for SMB Clients

Monit Secures Strategic Funding from American Bankers Association

Major investment milestone further validates and supports Monit’s mission help banks win in the ever-important SMB segment

Monit Partners with TD Bank to Provide Customers with Financial Management Tool, the Small Business Insights Dashboard

Platform Will Provide TD Bank with Financial Trends, Share of Wallet, and Product Recommendations for SMBs

Monit highlighted as a fintech Pacesetter in new Celent report

Forward-thinking banks are using Monit to drive SMB customer engagement and profitability

Announcing Our New Strategic Advisors: Gene Kirby and Davis Stewart

Monit secures funding from BankTech Ventures!

Investment marks further validation from bank-backed venture firm

The Rise of SMB Tools: Why Big Banks Are Embracing Small Business

Forward-thinking banks are making smart investments in digital financial tools for businesses to attract and retain clients

Statement on xz utils and liblzma

On March 29, a backdoor was discovered in the ubiquitous xz utils Linux package

Q4 2023 Small and Medium-Sized Business Owner Survey

Business owners in the second half of 2023 remained moderately optimistic about the economy and their operating environment while increasingly concerned about interest rate and competitive headwinds.

The Dichotomy of JP Morgan’s Business Banking Loan Trends

How predictive analytics explains a divergence of loan trends at a bellwether SMB lender

Monit Selected for ICBA ThinkTECH Accelerator

Fintech to join sixth cohort focused on advancing community bank innovation

Monit integrates with Narmi’s Business Digital Banking Platform to deliver modern cash flow tools & insights to SMBs

New digital banking feature enables financial institutions to offer a holistic and data-driven approach to supporting the success of their SMB clients

The Huge Opportunity for Credit Unions to Serve Businesses

Businesses are core to any community, and therefore core to the mission of credit unions.

Bank Deposits Remain Highly Dynamic in Q2 - a Deep Dive Analysis

For roughly a year, we’ve seen overall deposit levels decline in US banks. Deposit flows (both “out of” and “across” the system) accelerated during the bank failures in March (Silicon Valley, Signature). With continued turmoil in Q2 and First Republic’s sale to JPM, the deposit environment remains very competitive and dynamic…along with some surprising trends!

Q2 2023 Small and Medium Sized Business Owner Survey

41% of business owners are opening and funding accounts at New FIs. Banks must focus on winning and retaining the operating account position or risk slow erosion of lower cost deposits.

Business Banking as a Strategic Imperative for Banks

Classic principles of strategy and resource allocation coupled with recent SVB/FRC news have elevated the importance of the Business Banking Segment. Recent advances in technology can help banks win in the SMB space.

Monit integrates with Jack Henry Banno’s Toolkit to deliver a modern cash flow forecasting & insights platform to business banking clients

New digital banking feature enables financial institutions to empower businesses with cash flow analysis tools.

Q1 2023: A Historic Quarter for Bank Deposits

The highly anticipated release of Q1bank call reports did not disappoint! Given a highly dynamic three months in the banking sector (see SVB, Signature, First Republic), deposits movements across banks were expected. But, digging into the data revealed unexpected trends!

Q1 2023 Small and Medium Sized Business Owner Survey

SMB owners continue to be optimistic about their operating and economic environment - but with banking industry turmoil as a new priority risk to manage. 90% of owners relooked at how they are managing their deposits, with 38% opening and funding accounts at new institutions.

Apiture Introduces Business Insights through Integration with Monit

New digital banking feature enables financial institutions to empower businesses with cash flow analysis and forecasting tools

How real-time analytics helped bankers navigate the recent market turmoil

New technology allowed bankers to prioritize outreach and messaging to business clients while providing valuable insight into actions their SMB clients were actually making in March 2023

Deposits: A Clear and Present Danger

Economic, regulatory, and competitive factors are making it even more challenging for banks to cost-effectively gather deposits as evidenced by the most recent earnings reports. As bank leaders refocus energies on deposit gathering, they need to move urgently to win and defend some of the most valuable sources of deposits: Small and Medium-Sized businesses. Monit offers bankers the insights they need to win and retain this valuable source of low-cost and sticky deposits.

Q4 2022 Small and Medium Sized Business Owner Survey

Monit's Q4 2022 SMB Pulse Survey found that overall, business owners remain optimistic about their business and its operating environment. How they are thinking about adapting to higher inflation, interest rates, and receivables management offers hints for where bankers can best support them.

The Pending Battle for Small Business Deposits

"After being flush with deposits in recent years, banks face a declining pool of deposits, increased funding costs, and uncertain economic environment. Most bank executives recognize the importance of Small Businesses in building a low-cost and stable funding base - but their deposit gathering playbooks may be outdated. Read more to learn how forward-thinking banks are using new data and insights to prospect, win, and protect crucial SMB deposit relationships."

2023 is the year of the SMB!

Small businesses continue to be the greatest source of new jobs and make up 99.7% of all employer firms in the United States. With such a crucial role in our society, it is important that we bankers do everything we can to support and empower these businesses to thrive.

Value added features are key to a long-term Treasury Management Strategy for SMBs

Strategic Planning 2022

Why forward-thinking banks are allocating resources to initiatives in their Business Banking segment.

Changing Minds: How Banks Can Be Seen as Trusted Advisors, not just Vendors

Banks advertise “value added” services to attract and retain SMB customers, but how valuable are those services?

Business bankers and the "howdy doody" call

The efficacy of haphazard client calls has never been lower — in the age of data, the ‘howdy doody’ call has overstayed its welcome

Monit announces integration with Q2 digital banking platform

Award-winning cash flow analytics are now turn-key for 450+ financial institutions and their business clients

Monit Teams with JAM FINTOP Banktech to Integrate Its Mobile Financial Platform into the Business Technology Offerings of More than Sixty-Six Community Banks

A new, exclusive agreement positions Monit at the epicenter of the community banking ecosystem.

The Pitched Battle in SMB Banking

Customer satisfaction of small-to-medium size businesses (SMBs) with their primary financial institution has been declining for years and churn is increasing, according to Aite Group and FIS.

Monit Closes $5.2 Million Equity Financing to Power Banks’ Support for Small Businesses

We're pleased to announce the closing of a $5.2 million round of pre-Series A financing led by TTV Capital, Runway Venture Partners, Correlation Ventures, William Ruh, and Joe Proto.