"Partnering with the industry's most advanced and comprehensive deposit-switching solution underscores our commitment to equipping our clients with cutting-edge technology to drive growth and customer satisfaction," said Ed Rhea, CEO at MEA Financial Enterprises, llc "Pinwheel's ability to help financial institutions capture more #deposits, create stickier relationships with their customers, and ultimately drive customer primacy made the partnership a natural fit. Pinwheel undeniably leads the market in terms of ease, coverage, and security." We are thrilled to welcome our partners at MEA to the Pinwheel family and look forward to delivering next generation experiences together for our mutual customers.
Pinwheel
Software Development
New York, New York 5,880 followers
The Primacy Platform
About us
Pinwheel helps banks win primacy with user-centric solutions that deepen relationships and grow lifetime value. Pinwheel's market leading digital deposit switch solution, used by the world's leading financial institutions, delivers 2x better conversion than the industry standard, greater security, and first-of-its kind share of wallet insights to power customer engagement programs to new heights.
- Website
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https://www.pinwheelapi.com
External link for Pinwheel
- Industry
- Software Development
- Company size
- 51-200 employees
- Headquarters
- New York, New York
- Type
- Privately Held
Locations
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Primary
New York, New York 10010, US
Employees at Pinwheel
Updates
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We’re thrilled to announce our partnership with Narmi, enabling more institutions to make frictionless direct deposit switching a reality for their customers. “In addition to removing friction for consumers and uplifting activation, financial institutions leveraging Pinwheel Prime gain access to real-time insights into customers’ income, enabling deeper relationships and at least a 14% increase in customer lifetime value. Research shows that 72% of consumers say they would be more likely to make a bank their prime bank if it offered Pinwheel Prime at acquisition, making it a transformative offering for financial institutions in their quest for customer primacy.” Learn more about our partnership in Banking Dive 👇 #digitalmarketing #fintech
Pinwheel and Narmi Partner to Unlock Deposit Switching | Banking Dive
bankingdive.com
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Pinwheel reposted this
Narmi is excited to announce its partnership with Pinwheel, unlocking digital direct deposit switching and income/employment verification for our customers. These offerings will be transformational in helping them accelerate customer activation and drive deposit enrollment. “Narmi was built to bridge the gap between traditional banking systems and cutting-edge technology, helping banks and credit unions quickly and more easily access digitization,” said Angela Gentry Yue, SVP of Operations at Narmi. “We’re excited to partner with Pinwheel to unlock digital direct deposit switching for our trailblazing customers. These offerings are poised to be transformational in helping our customers accelerate customer activation and drive deposit enrollment.” Read the full press release here: https://bit.ly/3XNrhdA
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In recent years, frictionless direct deposit switching during account opening has gone from a bleeding edge dream to table stakes. The majority of consumers now expect this foundational capability. Luckily, providing the industry's top converting switch experience for your customers is easier than you think. In fact, we went live with one of the nation's largest banks in just 30 days. Let's talk - our team of primacy experts is here to help you achieve your goals. You can access more insights in Why Are Consumers On The Move, our latest research on generational bank switching trends. 👇 https://lnkd.in/eTKRrhED
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We're thrilled today to announce our partnership with Lumin Digital, allowing Lumin customers to easily take advantage of Pinwheel's frictionless customer activation and engagement solutions. "Research indicates Pinwheel Prime significantly boosts conversion rates, increasing direct deposit enrollment by 32% and reducing the time for initial direct deposit by 65%. Lumin customers can now access Pinwheel Prime and other products like Pinwheel Verify and Pinwheel Earnings Stream." Welcome to the Pinwheel family, Lumin customers! We are looking forward to being your partner in primacy. #digitalbanking #digitalmarketing #customerexperience
Lumin Digital Announces Partnership with Pinwheel to Offer Banks and Credit Unions Advanced Digital Deposit Switching Solution, Pinwheel Prime
prnewswire.com
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📣 Hot off the press! We followed up our February research with a study to better understand consumers' evolving definition of #primacy. You'll be fascinated with what we found. 🔎 ? Why are consumers switching #banks more frequently? ? Do expectations for #banking relationships differ across #generations? ? Is the entire banking industry failing to deliver on customer #experience? 👇 Download our infographic: https://lnkd.in/eTKRrhED
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Don’t forget to tune in today at 2ET as we unveil our latest consumer research on bank switching! Pinwheel CEO Kurtis Lin will be taking the virtual stage with Corey Timlin from American Express and Jonas Ng from KeyBank for an insightful panel discussion, moderated by Pinwheel CMO Crystal Gopman. If you’re in consumer banking, this session is a can’t miss. This webinar is free for members of Consumer Bankers Association and to friends of Pinwheel with code PINWHEEL605 Register here: https://lnkd.in/eQjk9qVN
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As reported in Reuters and HousingWire this week, several #lenders have filed a class action suit against the #income #verification provider for monopolistic business practices allowing "Equifax to charge for its services far higher than a competitive market would bear.” "The service’s price went from $17.85 in 2012 to $66.45 today — an increase of 272%." 🤯 ⏰ Pinwheel Verify connects you with source of truth payroll data to conduct instant income verification at a fraction of the cost of Equifax's The Work Number. Let's talk about how we can save you 50%, while accelerating cycle time and reducing fraud-related losses for credit cards, personal loans and HELOCs. https://lnkd.in/eTG3EwRk
Lenders file class-action lawsuit against Equifax
https://www.housingwire.com
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Want to know why 73% of American consumers are considering switching banks over the next 12 months? Join us next week as we dig into fresh insights from Savanta on what each generation is looking for when selecting their primary bank. This webinar is free for members of Consumer Bankers Association and to friends of Pinwheel with code PINWHEEL605 Register here: https://lnkd.in/eQjk9qVN
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When the Fair Isaac Corporation (FICO) introduced the first #creditscore in 1989, do you think they thought we would still be using it in #2024? If you've ever been 🤯 by how a seemingly insignificant event - like closing your longest standing #creditcard because you no longer value the #rewards - negatively impacts your 🏅, you would probably agree that the practice of basing credit decisions solely on credit scores is past its prime. 👈 (see what we did there?) Real-time income data is a critical ✅ of a consumer's ability to 💰, which cannot be measured by credit scores alone. Learn more about how Pinwheel data can upgrade your #underwriting process 👇
Giving credit where it’s due
pinwheelapi.com