Curinos and Bankrate Revolutionize Retail Deposit Growth Strategies
Curinos and Bankrate Collaborate for Enhanced Deposit Growth
In today's rapidly evolving financial services landscape, institutions must adapt and innovate to thrive. Curinos, a renowned global data-intelligence enterprise, has joined forces with Bankrate, a leading deposit account research resource in the U.S., to empower financial institutions. This partnership aims to sharpen the ability of banks to grow retail deposits securely and more efficiently.
Leveraging Analytical Insights
The collaboration between Curinos and Bankrate is designed to combine Curinos’ sophisticated analytical capabilities with Bankrate’s extensive consumer reach. This synergy equips financial institutions with tools to not only increase their customer base but also to manage their deposit growth more efficiently. The arsenal of data and analytics provided can transform how banks approach deposit acquisition.
Insights from Industry Leaders
Brandon Larson, Executive Vice President and Head of Channels Division at Curinos, highlighted the long-standing expertise the company holds in advising top financial institutions across various products. He emphasized the significant advantage this partnership offers clients, particularly in efficiently managing deposit growth as market conditions change.
Creating Opportunities for Banks
With the ever-present challenge of declining interest rates, having access to high-quality data becomes a competitive edge. Justin Hagenburg, Head of Deposits, Investing, and Partnerships at Bankrate, stated that this partnership will allow banking institutions to harness valuable information, helping them make informed decisions while keeping pace with competitors in any rate environment. The tools and resources available are geared towards opening new pathways for banks to elevate their deposit strategies.
Innovative Tools At Their Fingertips
Curinos offers cutting-edge AI-driven decision-making tools, entering a new era of predictive analytics. Their platforms, supported by a depth of proprietary data and expert insights, are designed to enhance competitive advantages. Financial institutions leveraging these technologies can expect to see significant improvements in their operational efficiencies and overall profitability.
About Curinos
Curinos stands out as a leading provider of data solutions and insights for the financial industry. Their mission is to enable financial institutions to make data-driven decisions that improve their profitability. By offering expertise in deposits, lending, digital experiences, and personalized marketing solutions, the company empowers clients to identify opportunities that spur business growth.
About Bankrate
Bankrate has been a trusted guide for consumers navigating their financial journeys since 1976. They offer an array of free resources and tools across various facets, from financial products to expert editorial content. With comprehensive coverage of rates, Bankrate aggregates data from thousands of institutions, providing a go-to resource for over 100 million individuals each year, helping them make informed financial choices.
Frequently Asked Questions
What is the significance of the partnership between Curinos and Bankrate?
This partnership combines Curinos' analytical capabilities with Bankrate's consumer reach, facilitating enhanced retail deposit growth strategies for financial institutions.
How does Curinos assist financial institutions?
Curinos provides AI-based decisioning tools and predictive analytics, allowing institutions to improve their deposit acquisition strategies effectively.
What resources does Bankrate offer?
Bankrate offers various free resources, including product comparison tools and expert content tailored to guide consumers through their financial decisions.
Why is data quality important for banks?
High-quality data enables banks to make better-informed decisions, maintain competitiveness, and optimize their deposit strategies, especially in fluctuating rate environments.
How large is Bankrate's consumer audience?
Bankrate serves more than 100 million consumers annually, guiding them in various aspects of personal finance, from banking to investing and beyond.
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