09/22/2016
Is Wells Fargo the only culprit?
The MRI Blog | Is Wells Fargo Only the First to Get Caught on Illegal Sales Practices?
By now, you have no doubt hear that Wells Fargo Bank recently fired 5,300 employees following an investigation by the various government agencies that revealed that hundreds of thousands of unauthorized deposit accounts were opened by Wells Fargo employees, including tens of thousands of credit card...
08/27/2016
The MRI Blog | Fed Rate Rise Seems On Hold–Welcome to the Business As Usual
Banks and credit unions will have to wait to see if there is any change in the Fed’s feelings about raising interest rates.
08/22/2016
Which is more important to you - better banking products or better technology to make banking easier?
The MRI Blog | Citizens’ New Head of Explains How Technology Changes the Game
If you have been reading this blog for some time you know we love mobile and online banking. Progressive banks and credit unions are investing more money and resources in developing their digital banking solutions to delight their customers and pave the way toward the future. One of the financial in...
08/09/2016
The MRI Blog | Protest Deposits Fueling Growth for Minority-Owned Banks
Minorities are started to protest with their pocketbooks, taking their money and depositing it in minority-owned financial institutions as a way to show solidarity with their community.
07/29/2016
JP Morgan has figured out that mobile banking and growing deposits go hand in hand.
The MRI Blog | JP Morgan Betting the Bank on Mobile Technology
JP MOogan's strong gain in mobile usage is evidence of greater pe*******on into the consumer market.
07/18/2016
The MRI Blog | Overdraft Fees Climb Before CFPB Rules
Indicators are that banks are working to get ahead of the regulators by raising the baseline for overdraft fees prior to any CFPB ruling. .
06/27/2016
How important is customer feedback when establishing banking rates and fees?
The MRI Blog | Talking To Customers Promotes Loyalty and Limits Rate Shopping
If banks want a) happy customers and b) customers that will share that positive experience with friends, then banks need to find new ways to engage with customers and listen to their concerns.
06/06/2016
The face of branch banking is changing, but brick-and-mortar banks are here to stay.
The MRI Blog | Rethinking Branch Banking With Omnichannel Marketing
Like other customers, millennials need in-branch banking products such as loan processing, mortgages, money transfers, and other value-added services.
05/25/2016
The MRI Blog | You Gotta Have the Right Data to Optimize Deposit Pricing
Bankers suffer from “deposit insecurity.” In many the data will tell you otherwise.
05/19/2016
Optimizing deposit rates requires the right market perspective and reliable data.
How To Optimize Deposit Pricing
Earlier this week (HERE), we laid the foundation and highlighted the finer skills needed to be an expert in deposit pricing. We talked about how banks destroy value by indexing deposit rates, how banks need to look forward when setting rates and that how understanding depositor behavior is usually t...
05/16/2016
Deposits seem to be growing whether banks raise or lower deposit fees. Banks and credit unions may be leaving revenue behind.
The MRI Blog | Think Your Fees are Too High? That’s Not What the Data Says!
our TrendSpotter report to reveal that banks aren’t charging as much for deposit products as they might.
05/09/2016
The MRI Blog | Consumers Ready to Borrow, But Are Banks Ready to Lend?
The market climate seems ripe for banks and credit unions to come up with new loan products and lending criteria to help consumers borrow and manage revolving and short-term debt.