MINNEAPOLIS, July 26, 2017 (GLOBE NEWSWIRE) -- Digiliti Money, Inc. (Nasdaq:DGLT), a leading mobile FinTech provider, will present trends with mobile banking, small business and prepaid card programs at the private MEMBERS Development Company’s 2017 Summer Owner Meeting held at the Gwen Hotel in Chicago, August 2-3, 2017.
MEMBERS Development Company (MDC) is a powerful network of 40+ select, large credit unions working together on compelling, meaningful research and development projects. This annual MDC member-only meeting is focused on the latest trends in consumer behavior, data analytics, FinTech, social media, demographics, and mobile.
Digiliti Money’s Executive Vice President Larry Blaney and Core Product Solutions Manager James Watts will present the session, “Moving Money at The Speed of Now: The Future of Mobile, Prepaid and Small Business Banking.” The session will be held on Thursday, August 3, at 9:45 a.m. CT.
Blaney and Watts will discuss trends that affect a credit union’s future ability to capture market share, generate revenue and establish a competitive market position, as well as attract and retain new members with non-traditional needs and wants.
For example, millennials and small businesses demand tailored, quick and convenient ways to move money. In response, forward-thinking financial institutions are shifting focus to mobile, prepaid card programs and right-sized solutions for smaller companies.
Today, nearly half of consumers choose only digital channels for banking, up from 27 percent four years ago, reports PwC. Millennials are also fueling significant growth in the prepaid market, with 29 million active prepaid cards now in play, according to Business Insider.
On the commercial side, Celent research shows most financial institutions only focus on providing solutions for small businesses (SMB) making $1 million or more in annual revenue, or about 16 percent of the market. This presents a significant opportunity to approach the 84 percent of SMBs underserved by restrictive consumer or large commercial solutions.
“As a technology leader in FinTech, Digiliti Money looks forward to James and Larry speaking at this key industry event,” said Jeffrey Mack, the company’s president and CEO. “They will share their insights into latest mobile banking growth trends, as well as innovative solutions to solve the needs of the underserved SMB market. Their unique perspectives have been gained from experience with our award-winning mobile money technologies at Digiliti Money, a trusted partner to some of the world’s largest and most respected financial brands.”
About Digiliti Money, Inc.
Digiliti Money is a leading cloud-based, SaaS technology provider for the now way to bank, serving the financial services industry with mobile money and remote deposit capture solutions for PC, Mac and mobile. Founded in 2010, Digiliti Money has quickly grown into a technology leader and trusted partner of some of the world’s largest and most respected financial organizations. With remarkable growth, an impressive client base and award-winning technologies, Digiliti Money continues to drive innovation and deliver world-class solutions to financial institutions of all sizes.
The company's industry-leading solutions help clients to increase customer engagement, grow revenues and gain competitive advantage. Digiliti Money’s cloud-based technology platform simplifies development, deployment and servicing of consumer and commercial solutions—minimizing cost and accelerating speed-to-market and ROI. Enabled by Digiliti Money’s complete suite of business and consumer solutions, financial institutions can better serve the needs of all their customers. For more information, visit www.digilitimoney.com.
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