Episode 565: The Truth Behind Rate Cuts In Banking

The Fed just cut rates. The 50-basis point cut was welcome news for many financial institutions, but the pressures the industry faces are not going away. In fact, rate cuts may mask the underlying changes going on. In our first segment, Jason Henrichs connects with LMCU ’s EVP, Chief Lending and Experience Officer, Eric Burgoon , and James White , General Manager, Banking at Total Expert talk about the future of banking. Customers are always in search of highest yield and the best terms. It’s easier than ever to move money and customers have options. Institutions need to be reliable, relatable and credible. To do that institutions need an overarching organizational strategy and data to drive personalized products.

Where can you find everyone from the collective world of money? Vegas of course, October 27-30! To provide insight into Money20/20 2024 and this year’s money and fintech story, Chief Strategy Officer Scarlett Sieber and Zach Anderson Pettet , VP of Global Fintech Strategy, connect with Brett King to talk about the conference and the dynamics as they see it shaping financial services. Keynotes from industry experts and rising stars lead the agenda with sessions on open banking, AI, borderless payments, embedded finance, fraud, policy & regulation and of course, they’ve built in lots of fun…no spoiler alerts here! If you are headed to Vegas, join us for the Fintech Luminaires reception. You can apply for an invitation with this link:?https://lu.ma/p0zcx7ki?See you in Vegas!!