How Can I Sign Maine Banking Presentation

Industry sign banking maine presentation mobile

hello fin of eight good morning everyone my name is Mike DN I'm the CEO of wallet and this is Nick our head of growth and we believe that there is one universal problem that most all of us face and that is the challenge of saving money you see nearly 80% of the u.s. workforce lives paycheck to paycheck in almost 50 percent of American families don't have four hundred dollars saved up for an emergency and sadly money issues continue to be the leading cause for divorce in this country so we started wallet with one single goal and that was to ensure that when teenagers graduate high school that they'd be prepared to make smart financial decisions around making good saving money choices and so we started this company in the purpose for this was to create a place where we could I have to come back to my notes here excuse me we launched the beta this past April and it was we now have 20,000 users on our platform and there and that's incredible because we're only five months in we've got ten clients that share our vision and most of them came to us and they said to us we love your product we love how it helps us drive engagement and acquisition we love how it helps us measure saving and spending at the household level but they all had the same question can we integrate wallet into our mobile banking app and the answers absolutely yes you see many of our clients and many of your organizations are spending very heavily in digital technology to make sure that we can improve the mega mobile banking experience but the problem with that is many of those experiences are still very transactional and if you think about why you Bank it's not just about the transaction right it's not just about depositing a check it's not just about paying your bills or sending money to a friend we bank because we're looking for a safe and secure place to save our money we're looking for a financial partner that not only rewards us for savings but recognizing us our need to achieve our savings goals so we're here today to introduce to you wallet while it is a mobile first rewards-based consumer engagement platform so let us show you how it works what you're seeing here today is our web-based version and it can be downloaded in the App Store's for both Google and Apple it can be implemented as a co-branded solution or it can be integrated with our SDK and the first thing that you do when you sign up for wallet is you add your banking account in checking savings accounts just like you would would say the Starbucks app except now you have all of your accounts in one place let's show you how how you create a savings goal the first thing that you do is that you name your goal now that could be you know a rainy day fund it could be saving for vacation or in this case Nick is gonna be saving for a new car for his teenager and then the next thing you do is you pick your amount you pick the target date you pick the destination and then you're done you pick the amount the date and the destination and you're done and if you want you can also add a photo to the goal to share with your friends and family to help you achieve that goal or send it on social media this next thing is called autosave and this is awesome because it helps automate savings the first thing that you do when you want to automate your savings and these are called sub accounts and you can automate your subbing accounts to not only save on wallet but you can also do this with our bank partners you add your amount that you want to save on the regular basis you add the frequency daily weekly monthly and that's it the idea here is not only helping people to automate their savings but our model is specifically designed to help drive deposits to our bank partners ok we're gonna switch gears and we're gonna show you how you earn rewards with wallet now our users earn rewards in a number of different ways all around savings engagement activities and we call rewards snacks because they're bite-sized rewards and they're not coupons they're not discounts they're not rebates they're actual cash actual cash that's either paid by wallet directly or sponsored by one of our brand partners as a marketing campaign on our platform and the point here is that wallet enables brands to capture users attention at peak moments specifically when they're highly motivated around their savings goals and what we're trying to do not only reward people for savings but reward them for that engagement and achievement okay one more thing we're going to show you our virtual mall and the virtual mall really is and it's a it's comprised of the industry-leading brands we've got Footwear in apparel we've got dining we've got gaming we've got a lot of different leading brands out there and users are buying gift cards for themselves or as gifts for others we've got parents and grandparents that are rewarding their kids for getting good grades or doing odd jobs around the house or say they're saving up for their own and they're completing their own goals we're gonna be adding new partners on the platform those that not only share our vision but our mission to stimulate savings now imagine the future where we've got every bank and credit union and we've got every retailer and brand on our platform and you get to invite those favorite brands of yours into your wallet to help you achieve and reward you for your savings goals okay so I'm gonna close with this and that is that we the best part is that we have families on our platform that have made wallet a part of their daily lives they've made savings a habit a regular habit now there are hundreds if not dozens of programs out there that are designed specifically to reward you for handing over your money and your savings while it takes a different approach we are specifically designed to help you grow your savings and so I implore all of you in the audience today and those of you that are watching on video after the fact to challenge the conventional wisdom to join us in our conquest to help people save and reward them for savings your customers will thank you for it and so will your wallet my name is Mike and this is Nick we are wallet thank you very much