Episode #6 - August 28, 2009
Episode length: 19 minutes, 58 seconds
View on Viddler
Intro:
- Peter Glyman Co-Founder of Geezeo joins us as our first guest
- Find your hosts on Twitter: @SonyaJMills and @JimKisch
and our guest @pglyman from @geezeo
- www.continuity.net - Join Community and ask your banking peers
- Ask the Expert forums (on Community):
- Andy Greenawalt [Information security]
- Jim Kisch [Compliance and Risk Management]
- Jesse Torres [Social Media Best Practices]
- Karen Licker [Social Media Best Practices]
- LinkedIn: Compliance Support Group
- Twitter: @CE_Community and/or #ControlTv
Personal Finance Managers (PFM)
- Consumers demanding a better way to manage finances on the web
- PFMs enable consumers to track and manage their money, often aggregating multiple institutions in a single view (Wikipedia)
- 3rd party products frequently lead consumers to other products/better rates
- community FIs become commodity/rate = lost relationship value
Geezeo PFM suite:
- licensed to community FIs and integrated with their online banking platform
- no reason for consumer to look elsewhere
- Better than 3rd party PFM because it's tied to live data
- transactions are accurate
- alerts more robust
- can pull in outside assets (401k, etc) for a more complete financial picture
- Community
- consumers ask financial questions
- answers can be rated by community
- moderation and blacklisted terms
- enables more FI connection with consumers
- EXPERTS: handpicked and screened by the FI
- bio with ability for links to business site, LinkedIn and/or Twitter profiles
- Real Estate expert, small business owner, bankers, etc
- Moves the FI back inot position of trusted advisor for all things financial
- Community members providing lots of help earn credibility and become Community Experts (encourages community activity
- PFM suite ties together PFM and Community, bringing consumers a trusted banking relationship with the technology they crave for ease of financial management
- Working on a Mobile app for Stanford Federal Credit Union that can be replicated for other clients
FreePolicyTuesday:
Completely free on www.continuity.net for 1 week. All past policies are noted and archived on our free community.
- Wire Transfer Policy
- Setember 1st will be ACH policy
Closing Comments:
- interested in seeing the show live?
- please leave any feedback in the comments section