Deposits & Payments
Deposit growth and strategies have always been a core focus of retail banks. Today's volatile economic climate - with consumers relying less on credit products and more on deposit account services - brings deposit growth and account management to the forefront. As technology and consumer needs evolve, so does the concept of payments. With innovations such as virtual wallets and other forms of digital currency comes new and unique challenges for the payments space. CBA monitors and addresses the issues facing retail banks in the management of the deposits and payments functions.
June 28, 2023 - 2:00PMUpcoming
May 24, 2023Experian’s latest Macroeconomic Forecasting report shares insights and trends on the latest economic conditions including unemployment rates, inflation, and interest-rate hikes from the Federal Reserve. In addition, the report includes our latest in-house scenario forecasts for a range of economic risks and outcomes, as well as forecasted levels of economic growth and unemployment. Access report...
May 8, 2023Financial institutions have become more risk-aware following the Fed’s interest rate hikes, an uncertain economy and recent challenges facing regional banks. But a solid deposit growth strategy can help financial institutions reduce their risk. In episode 22 of our Market Pulse podcast , Tom O’Neill , a risk consultant with Equifax, and Mark Toro , a marketing consulting leader with the Financial...
April 27, 2023 - 1:00PMPast
April 25, 2023 - 2:00PMPast
April 13, 2023Net interest income can drive as much as 75% of a bank’s revenue. Because of that, the recent rise in interest rates has helped banks maintain revenue momentum despite ongoing pressures on fees. Indeed, both components of net interest income — net interest margin (NIM) and volume — have grown significantly over the last six months. The looming challenge, however, is that NIM may be peaking. Click...
April 5, 2023A new survey released today found 57% of Americans believe credit card late fees are legitimate and not so-called “junk,” as some have suggested, compared to fees found in other sectors of the economy, which only between 12% to 18% of Americans found to be legitimate. The survey, commissioned by the Consumer Bankers Association (CBA), also found nearly half of Americans (48%) are unaware of the...
March 28, 2023The 2023 Alternative Credit Data Impact Report offers more insights into alternative data usage and outcomes, including deep dives into: The top drivers of alternative data adoption Benefits of incorporating alternative data and its impacts on revenue growth Challenges that may be limiting adoption rates Download white paper here .
February 22, 2023 - 12:00PMPastPages
