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Last week, we talked about how offering more robust online offerings can improve efficiencies, grow deposits, lower costs, decrease errors and also help the environment. We have asked financial institutions what they are doing to go green and here are a few simple suggestions...Maybe there are a few that you can implement to help the environment...
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Services and products your financial institution can offer to help the environment:
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Streamline processes in branch, call center and online. This allows a way for many processes, such as account opening and funding, to be automated. This decreases paper used and rekeying of information. |
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Give out Compact Fluorescent Light Bulbs when people open new accounts. |
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Give away free reusable recycled grocery tote bags when customers open new accounts. |
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eStatements or even just letting customers opt out of receiving paper statements. Think about the paper & inks used for statement pages and envelopes. There is a huge environmental benefit to cutting down on this paper usage, and there's a financial benefit to the bank as well... Sending those things every month is expensive. |
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Paper statement mailings with recycled paper and corn starch based window envelopes. |
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Mortgage loan discounts for those who buy/build energy efficient homes. |
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Home equity loans/lines of credit for green renovations such as more energy efficient air conditioning units, double pane window/door replacements, low flow faucets and low flush toilets. |
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Green lending initiatives to businesses with low CO2 emissions. |
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25-50 BP discounts on car loans for alternative fuel vehicles or vehicles with 35+ mpg. |
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Offer socially responsible investing (SRI) options to wealth management customers. |
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Offer climate credit cards that offset the CO2 footprint of credit card purchases with CO2 credits for renewable energy projects in developing countries. |
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What your financial institution and its employees can do:
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| 1. |
Replace old fashioned office Fluorescent Light Bulbs with modern LED replacements and convert branch signage to LED's. |
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When you leave for the day turn off your monitor, and check to see if everyone around you has done the same. |
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Have employees bring old mugs to work from home and stop providing paper cups at the office coffee machine. |
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Green your data center. This can be done with technologies like virtualization of servers and can cut down on the massive amount of electrical output to having smaller data centers to cut down on cooling costs of cooling those centers. |
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Make donations. You can offset your carbon footprint and help the environment by donating money to environmental programs or organizations. |
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Add recycling bins. These can be placed in the copy and fax room for paper recycling and in the break room for cans and plastic recycling. |
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uMonitor is a financial solution services provider for banking customer acquisition and retention. The company offers a wide range of Web-based solutions specifically designed to help financial institutions improve efficiencies and provide the most up-to-date online banking services. Our solutions enable financial institutions of all sizes to increase profitability, generate new revenues and improve regulatory compliance and employee productivity. Our solutions offer a means for financial institutions to offer more robust offering online and therefore a way to cut down on paper usage and gas used driving to a branch.
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Solutions:
Our solutions help financial institutions provide services online, in branches and at call centers, from new account opening and funding to account-to-account money transfer, financial advice, benefits management, account aggregation, bill presentment and payment.
uOpen & uFund&trade - Online Account Opening and Funding Service
uTransfer&trade - Funds Transfer Services
uSwitch&trade - Online Switch Kit
uView&trade - Account Aggregation Service
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If you have any more great green ideas, please email us or visit the uMonitor website and learn more about uMonitor's solutions that can help you Go Green.
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