We can help financial institutions launch and support a market-leading HSA product without creating operational headaches or over-burdening your product organization.
They must constantly evaluate their product strategies, operational and engagement strategies, and compliance efforts
to keep up with the swiftly changing tide of consumer expectations and stakeholder requirements.
31% of consumers would consider banking with fintech upstarts or alternative providers like Facebook, Amazon or Google
Building systems and processes to keep up with regulations and industry standards requires significant resources; the industry spends approximately $270 billion a year on compliance-related costs
In 2018, banks globally invested $9.7 billion to enhance their digital banking capabilities in the front office alone
Only 40 to 60% of all retail banking customers are not profitable; meanwhile, enterprise customers are consistently asking for a more robust product suite with high-tech payment options
Banks are expected to spend nearly 50% of their total IT budget on new technology, such as AI, big data and other modernization initiatives
HSAs were always a headache for us to operationalize on our core banking platforms because they have unique requirements like multiple contribution sources (employer and employee), contribution limits, commercial and retail components, and tax reporting. The Alegeus platform handles all of this easily, allowing us to focus on growing the program.
Our commercial clients were always asking us to provide HSAs, but healthcare is a new market for us and we weren’t sure this was the right step. Alegeus helped us get into the market with a comprehensive HSA offering, including augmenting our team with outsourced employer and consumer phone support. They did all the heavy lifting so that we could add this product to our portfolio.
With all of the momentum HSAs have in the market, we wanted in on the game. Alegeus has the strong financial technology backbone we can trust, the right support structure to help us operationalize it and the go-to-market partnership we needed to grow the program.
HSAs and other consumer directed healthcare (CDH) accounts represent a significant growth opportunity for financial institutions, but they also present operational challenges. HSAs are not just another deposit account – they are complex and they have unique requirements. As these accounts are staged for rapid growth, financial institutions that are serious about pursuing the CDH market opportunity require an easily managed, scalable solution that is built specifically for the unique needs of these accounts.
Dedicated team of experts, focused on your success during implementation and beyond
High-quality conversion delivered on time, on budget and with minimal disruption for your stakeholders
Helping you harness the full power of our platform and optimally align it to your business
Measuring what matters to you, with score cards to reinforce our results
Our white-label model makes your brand the hero, with no trace of Alegeus behind the scenes
Highly configurable front end or the opportunity to consume our capabilities into your environment via integration
Unmatched product innovation and investments, driven by client input, that enable your key business priorities
When you grow, we grow. We offer growth credits and revenue-share opportunities to ensure our incentives are aligned
Helping you identify actionable opportunities to improve your program performance
We work with you to build a fully fleshed-out go-to-market attack plan, with resources behind it to unlock your potential
Open-enrollment and year-round engagement strategies to increase account participation and funding
Vast library of customizable marketing and sales content assets to help you kick-start your sales toolkit development
Deep insight into market players, capabilities and effective sell-against strategies
Growth-focused resources available to help with tactical sales support activities (demos, RFPs, finalist meetings and more)