With all eyes on the Fed, banks can take steps now to maintain profitability without sacrificing much-needed digital investment.
The flattening yield curve is expected to continue pressuring industry profitability in coming months, even though the Fed has hit the brakes on interest-rate hikes.
Banks often waste time and money pitching their products to consumers who aren’t even shopping for a new banking relationship. New tools can help banks target prospects more effectively.
Brokerage firms want to be your banker, too.
Hopes that a pause in interest rate hikes would end upward pressure on deposit costs have failed to materialize so far.