The Broadcast
Agusta Patton, Head of Markets Client Solutions at Curinos, discusses today’s challenging deposit-pricing environment and explains how data-driven insights generated by Curinos’ new Deposit Optimizer Essentials solution can help smaller institutions price right and increase profitability.
Built on trusted expertise, the Curinos (F)insights podcast examines market challenges in the financial services industry. Access all podcast episodes here.?
What Curinos Thinks
2024 Deposit Growth May Not Meet Expectations
According to a recent Curinos poll of banking professionals, 55% expect their institution to grow deposits by 1% or more in 2024, with nearly a third of them estimating a growth rate of at least 3%. But fully 84% of the same respondents say deposit volume for the industry will remain flat.
Commercial Deposit Balances Stabilized In The Third Quarter?
Curinos attributes the average deposit growth in Q3 to three primary factors:
The Need For A Deposit Playbook
The migration of deposits from physical to digital is accelerating rapidly, thanks to technology, changing consumer preferences and the reemergence of high-rate CDs. Without the right playbook, institutions may raise deposit rates too broadly and unnecessarily reprice their back book.
In The Press
Curinos launches new deposit management platform to help community banks and credit unions achieve funding goals
Deposit Optimizer Essentials delivers best-in-class analytics more cost-efficiently than hiring a large data-analysis team.
Curinos launches portfolio-level insights within their LendersBenchmark Analyzer, Small Business Lending consortium to deliver complete lending product lifecycle views
LendersBenchmark Analyzer for Small Business Lending Portfolio now gives lenders the ability to proactively manage their portfolios and reduce risk to optimize performance versus peers.
Curinos Events
It’s not too late to register for our upcoming events:
Webinar
5 Strategies For Reducing Consumer Deposit Interest Expense
Curinos expects interest rates to stay higher for longer and that deposit growth will remain a challenge. In this challenging environment, community banks and credit unions face an urgent need to explore cost-effective growth and retention opportunities.
Join us for a high-impact webinar that will provide practical insights and actionable strategies to better position your institution for success in a dynamic deposit marketplace.
?? November 9 | ?? 2pm ET | ?? Register here
Speaking Session at the 2023 American Banker Small Business Conference
Small Business: Big Opportunity
Curinos’ Adam Stockton will join Manny Tocco of Citizens Bank to discuss what makes for a successful banking relationship with small businesses on both sides of the balance sheet.
Our team will be onsite at the 2023 American Banking Small Biz Banking Conference
November 13–15 and available to demonstrate our powerful LendersBenchmark Analyzer tool. Visit us at booth #216.
?? November 15 | ?? 9am CT | ?? Register here
Who is Curinos? Curinos is the leading provider of data, technologies and insights that enable financial institutions to make better, and more profitable data-driven decisions faster. Learn more about us at curinos.com.