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Consumer sentiment is the measure of how optimistic consumers feel about their finances and the state of the economy. There are two major reporters of consumer sentiment: The Consumer Confidence Index by the Conference Board and the Michigan Consumer Sentiment Index by the University of Michigan. These are both conducted by household survey and report monthly.
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The Banking Administration Institute (BAI) conducted interviews with customers of lending institutions, hoping to gain insights on digital lending. These clients were from small and middle-market businesses and, as the BAI’s efforts found, they were more than willing to talk—in fact, they gave straight and direct comments. Turns out they were eager to talk about their banking experiences!
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In December 2019, The University of Arkansas in Fayetteville hosted a distinguished lecture by Reshma Saujani, CEO and founder of Girls Who Code (a non-profit that offers learning opportunities in computer science skills and helps girls in grades 6-12 build confidence, create career pathways, and have a support system). Saujani is an advocate for education and gender equality in the workplace, specifically tech fields.
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Teslar is excited to announce that we are one of the four companies that has received a grant from Association for Financial Technology (AFT)’s Fintech Grant Program. AFT is a networking and professional development resource for the financial services industry. The organization is dedicated to the advancement of fintech companies and the U.S. financial industry through technology. By receiving this grant and participating in AFT, Teslar will be able to learn from and collaborate with leading financial technology providers.
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It’s long been known that the traditional banking system just doesn’t work for the lifestyle of today’s consumers. Fintechs have noticed these problems and created digital solutions to almost all banking needs but there is still a lot of hesitation for community financial institutions to partner with these companies—but why?
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How do we describe the holiday season? Magical, wonderful, exciting, warm… busy, stressful, distracting. If we’re being completely honest, the holidays make it really hard to stay focus and remain productive among the crammed schedules and extra time off. Aside from the hustle and bustle of family plans and travel, you’re likely finding your schedule filled holiday parties, charity drives, and many other events the season brings.
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We often see challenges as a new generation grows and begins to integrate itself into adulthood. It’s not news to anyone that the Millennial generation at large has struggled to integrate with older generations. With the rising trends and news stories of the war between the Baby Boomer generation and Millennials, it’s becoming increasingly apparent that institutions like banks must appeal to adults with a wide variance of expectations, preferences, and needs.
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Teslar is excited to announce that we will be attending the 26th Annual Acquire or Be Acquired (AOBA) Conference in January 2020 in Phoenix, AZ.
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It started with Black Friday. Now we have Small Business Saturday, Flannel Friday, Cyber Monday… so many fun things to end our Thanksgiving holiday with. On the tail end of this list we have Giving Tuesday, the Tuesday after Thanksgiving each year.
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Small Business Saturday is an annual tradition that occurs the Saturday after Thanksgiving. Locals are encouraged to “shop small” and show support to the diverse businesses in their community. The holiday was created by American Express in 2010 and has seen rapid growth every year since.