Financially healthy customers are good for business graphic Fin – Newsletter The turning tide water wave A decade after the financial crisis, too many financial service providers are going about business as usual. Overdraft fees drive revenue streams, while products and services are designed to benefit the most affluent customers. link According to the FDIC , America’s biggest banks collected $11.45 billion in overdraft and non sufficient funds fees in 2017, up $10 million from 2016. But there are signs the tide is turning. Earlier this year, the Financial Health Network conducted a link study of more than 650 financial services executives to find out how they are investing in the financial health of their customers. Their findings? Increasingly, financial services providers view customer financial health as a business opportunity to address unmet needs, expand into new market segments, increase customer loyalty, and drive long term revenue streams. link Discover seven ways to build consumer financial health into the fabric of your business. Happy reading, The Plaid Team RECENT FEATURES heading level 2 Plaid Policy Pulse: greater control for consumers As the amount of data we generate and share grows, policymakers are pondering how to promote innovation and good stewardship of personal information. link CONTINUE READING bullet 4 MIN READ heading level 2 ACH payments cost less. Will online shoppers ever switch? For merchants, ACH payments often cost significantly less than credit cards. But steering consumers toward this payment method requires creativity and care. link CONTINUE READING bullet 9 MIN READ heading level 2 UK Open Banking: should I build or partner? Accessing consumer banking data requires AP Is. The choice facing fintechs and other third parties is whether to build them in house or find a partner. link CONTINUE READING bullet 5 MIN READ table with 2 rows and 2 columns row 1 column 1 graphic Fin – published by Plaid column 2 link UNSUBSCRIBE row 2 column 1 P dot O. Box number 636, San Francisco, CA column 2 Copyright 2018, Plaid Technologies, Inc.