Curinos

Personalization is critical, but larger banks are struggling to get their data right. As they try to evolve past batch-and-blast communications, they’re pulling transaction and behavioral data from core and back-end data warehouses — many for the first time. Then they need to recalibrate it so it’s actionable. The race is on and many are working with a vibrant vendor community to get their data in order. Read more from Michael McCaw: https://hubs.li/Q02Gdwb10 #Curinos #bankpersonalization #personalization #digitalmarketing #aimarketing #batchprograms #continuouslearning #continuousimprovement #Amplero #Curinos

Free checking accounts could soon be on the out — that's the word from some major U.S. retail banks in response to potential regulations capping overdraft and late fees. So, does free banking have a future? Curinos estimates that 75% of mass market accounts will be unprofitable if such regulations are enacted. That would place tremendous pressure on banks' abilities to maximize customer value through onboarding and retention programs, writes Curinos' Lucas Malambri: https://hubs.li/Q02GbJcc0

Looking to fulfill your CRA responsibilities? If so, lending in low- to moderate-income (LMI) areas and households is a cornerstone. One often-overlooked component is making sure lending products and credit guidelines fit the needs of borrower profiles. It can be the difference between a “Needs to Improve” and an “Outstanding” rating. Read more from Alexandra Jacobson: https://hubs.li/Q02G5l1V0 #lmilending #lowmoderateincome #CRA #communityreinvestmentact #mortgagelending #mortgageloans #nonconformingloans #govenrmentlending #ARMmortgages #Curinos

Banks and credit unions are increasingly feeling the pressure to reduce expenses, grow core customers and acquire low-cost deposits simultaneously. To get there, most are taking one of two taking two distinctly different approaches in their branch network strategy: https://hubs.li/Q02FGwXH0

Curinos is proud to announce a new partnership with end-to-end brand experience company Adrenaline to help banks and credit unions use world-class data, insights and expertise to drive more sustainable growth. By pairing Curinos' real-time data analytics with Adrenaline's strategic insights, smaller and mid-market financial institutions can level the playing field and maximize the growth potential of their retail network. Learn more about the partnership and how institutions are using retail branches to acquire sustainable, low-cost deposits in the latest Curinos Perspective: https://hubs.li/Q02FFkPK0

Last week, Curinos shared exclusive data and insights from its Deposit Analyzer and Deposit Optimizer Essentials tools in "Deposit Growth & Retention In A Falling Rate Environment." In the session, Curinos managing directors Agusta Patton and Adam Stockton detailed how data-fueled analytics have been proven to provide stability amid vast changes in deposit dependability, unprecedented dispersion and other challenges. See all five key takeaways here: https://hubs.li/Q02FgXXs0

Hugh Son’s recent CNBC article (https://bit.ly/3XKd1Co) highlights critical challenges the fintech sector faces, underscoring the importance of reliable data and trust in financial services. At Curinos, we’re proud to provide strategic insights and guidance to clients on navigating these challenges. Our According To The Data series digs deep into the numbers, generating actionable insights for financial service professionals: https://hubs.li/Q02Fgq4D0

Curinos Appoints Olly Downs to Chief Technology and AI Officer “We’re delighted to welcome Olly to our senior leadership team,” said Craig Woodward. “He is a true pioneer in the technology industry with more than 20 years’ experience in building and delivering successful data-driven businesses. Olly’s extensive knowledge and understanding of delivering enterprise-scale AI and Machine Learning capabilities supported by scaled data and analytics infrastructure will be incredibly valuable as we continue to explore new ways AI can transform how our clients work.” https://lnkd.in/eq8s7aXE #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

The key to digital retention? Early funding. It’s no secret that digital relationships tend to attrite significantly more those originated in the branch due to a lack of early funding in the first month. Here's the remedy: Ensure the customer locks in continued funding when the account is set up, including switching direct deposit. Read more from Andrew Hovet and Suraya Randawa: https://hubs.li/Q02F5DFQ0

“What we've seen for the first time in recent history is that wealth clients are adopting retail CDs.” Curinos' director of wealth deposits Korrynn Baltzersen was on Yahoo Finance Wealth! to discuss how investors should navigate certificates of deposit (CDs) amid high interest rates and expected rate cuts. Find out more on navigating CD investments before an interest rate cut: https://hubs.li/Q02DXWbs0 #Curinos #YahooFinance #CDrates #wealth #deposits