Saturday, November 22, 2014

FIs Miss $48B Their Customers Pay To Others


Financial institution service charge revenues are not growing, and total less than $40 Billion for the industry.  Yet, their banked customers pay $48 Billion for services to others for liquidity needs that financial institutions do not offer, as shown by the analysis below.



Why are they missing this opportunity?  Because small loans to consumers are not automated and profitable with documented compliance.  Yet regulators like Thomas Curry, Comptroller of the Currency, want financial institutions to provide these services.



Yet, Silicon Valley is providing a myriad of automated, alternative services for consumers to fill this large and growing market.




FIs can grow revenues, win customers and drive results with their own online, automated services offering “no overdraft fees ever” and other liquidity alternatives like PaySound.®




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