There’s little doubt that the competition for deposits is heating up for community banks and credit unions. And playing the “rate game” is far different now than before non-banks and neobanks were in the mix with big banks.
Add to this, the financial challenges consumers are facing with persistent high inflation and high interest rates for loan products, and you have a serious challenge.
This is precisely when community financial institutions should be offering tools that help their account holders build wealth and improve financial wellness.
Incorporating Moven’s financial insight-driven SDKs, APIs or its unique “bank in a box” platform, financial institutions can add layers of financial wellness applications and personalized financial tools to support its customers quickly. This is precisely why the partnership between Moven and Atomic is so important right now.
“We’re always interested in adding more value to our financial wellness platform and this is the ideal time to work with Atomic and their innovative, customer-focused digital wealth management solutions,” notes Moven Head of Sales and Customer Success Talene Shuck. “In a time when data-enriched personal experiences are becoming table stakes for digital banking providers, Atomic and Moven offer an excellent example of the possibilities.”
Atomic’s platform allows users to easily allocate savings into fully diversified portfolios with advanced benefits like direct indexing, tax-loss harvesting, and ESG investing - all with no account minimums.
"Moven has been a long-time champion of promoting financial access and healthy behaviors,” observes Atomic CEO David Dindi. “We both believe long-term wealth-building is a key component of financial wellness, and very few people have the financial freedom to have money not be a source of anxiety. Atomic is excited to partner with Moven to deliver a uniquely powerful and intuitive API-driven investing capability for their users.”