Posts Tagged ‘Retail Banking Strategy’
What’s More Important, Product or Product Distribution?
By Mike Branton Ask 100 retail bankers, and 99 will tell you they’re working on some sort of digital distribution channel for their consumer banking products: online account opening, digital loan application, digital cross-selling, mobile marketing, etc. Nearly every survey you see published shows financial institutions making digital product distribution at least a top-five priority…Read More
The Rise of the Multi-Account Consumer
Research shows that having more than one checking account has become more popular these days. This is true especially among Millennials, of whom 42% have two or more accounts. In fact, among consumers who consider a digital bank to be their primary bank, 42% have more than one checking account, and half of them have…Read More
Quality vs. Quantity vs. Retail Banking
By Ryan Harbry The tension between quality versus quantity is age-old, affecting industries of all kinds, especially banking. Community banks and credit unions are intimately familiar with weighing quality versus quantity. Financial institutions have quite the split personality in this arena if we’re honest with ourselves. When it comes to lending practices, no stone will…Read More
StrategyCorps and MSP Consulting Announce Strategic Partnership
Overland Park, KS (August 5, 2020) – StrategyCorps, an industry-leading provider of consumer checking related analytical and mobile reward solutions that help financial institutions optimize financial productivity and enhance member engagement, has partnered with MSP Consulting, a leading provider of merchant services to financial institutions. “MSP Consulting’s mission aligns with what StrategyCorps brings to its…Read More
What if Amazon Offered a Checking Account?
Amazon Prime, Video, Music, Fresh, Alexa—all loved by many, but would consumers also care for an Amazon checking account? One recent survey says that, yes, a subscription based, value-added checking account is the best thing since free two-day shipping.Read More
What Bankers Should Know About Consumer Checking Financial Performance
We actively track, quantify, rank and analyze nearly 4 million checking account relationships of community financial institutions nationwide. See our latest research that reveals the bottom line reality of checking.Read More