Missed our latest Autobooks webinar? No worries — we’ve got you covered.
This post serves as your study guide to the key points we discussed, along with data-backed insights to help you take action at your financial institution. Whether you’re just beginning to explore embedded banking or looking to deepen your small business strategy, this summary highlights what matters most — and why now is the time to act.
We keep things informative — and a little fun.
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“A snail walks into a bar…” (want to know how it ends? 👇) |
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In short
Why do business owners start a business?
For many, it’s about freedom or passion. But once they’re up and running, most are overwhelmed with the back-office reality: invoicing, payment processing, bookkeeping, and cash flow management.
“They’re cobbling together Square, PayPal, Venmo — it’s messy, and expensive. And none of those help build a relationship with their bank.”
These aren’t fringe tools. They’re the financial infrastructure for millions of small businesses — and they’re happening outside your bank.
One bank’s cohort analysis told the story best:
“Every $1 that came back from a third-party app brought $7 in deposits that stayed in the bank.”
This isn’t just a product win — it’s a relationship win.
Check usage is down. Third-party platforms dominate merchant acquiring. And digital-first SMBs are shifting their financial behaviors away from the bank.
“We don’t need to out-market Square. We just need to make our channels more useful than Square.”
Embedded payment tools, invoicing, and reporting — all inside digital banking — help make that happen.
With Autobooks, business customers can:
And banks benefit in turn:
“You already have the account. Let’s help you become the hub.”
If you’re a banker, here’s your homework:
In Part 2, we’ll walk through how Autobooks turns those tools into outcomes — and what financial institutions can do to start today.
Stay tuned. Or connect with our team to get started now.
What's the 525% deposit increase actually measuring?
One bank analyzed 31 small businesses that had been depositing an average of $80K/month via third-party payment apps. After those same businesses adopted embedded receivables through the bank, their combined monthly deposits rose to $580K — a 525% increase, with no core account switch.
What does '$1 back = $7 in deposits' mean?
For every $1 of payment activity that moved from a third-party app back into the bank's channels, the bank saw approximately $7 of additional deposits stay in. Embedded tools shift not just one transaction but the whole operating relationship.
Why are small business owners using outside apps if they still bank at the institution?
Because invoicing, online payments, bookkeeping, and cash flow tools haven't traditionally lived inside digital banking. Owners aren't choosing fintech over the bank — they're filling gaps the bank hasn't filled yet.
What should a banker do with this information?
Look at how many of the institution's small business accounts receive deposits from Square, Bluevine, PayPal, or Venmo. Imagine even 10% of that activity moving back into the institution. That's the size of the near-term opportunity.