Retail Banking Insights

Join Equifax at BAI Retail Delivery 2015

Grow your DDA portfolio with a consumer-focused acquisition strategy Demand for household acquisition is an ongoing priority. Equifax can help you identify consumers who are more likely to become profitable households, with a better understanding of their existing or past banking relationships, estimated income, likely assets and other financial tendencies. Stop by the Equifax exhibit [Read More…]

Webinar: Driving Higher Deposits through Affluent & Mass Affluent Households

Webinar:  Driving Higher Deposits through Affluent & Mass Affluent Households September 17, 2015 2:00 Eastern Register Now Register for free with the discount code Equifax917 About the Webinar Since the Great Recession, total U.S. invested assets have grown considerably, up 66% percent between December 2008 and December 2014. Two key groups, the Affluent and Mass [Read More…]

The Cool Technology That Powers Mobility Plus™

Buzz about the launch of the Mobility Plus™ household engagement solution earlier this year has focused largely on what consumers and bankers can see, such as the easy-to-navigate mobile interface that helps enable consumers to apply for deposit accounts without going to a bricks-and-mortar branch. But what’s behind the new solution – cutting-edge technology that helps [Read More…]

Fight Fraud With More Assets

Preventing fraud is a big job, but one that gets easier with the right tools. Fraudsters are getting their hands on more information about your customers every day. Using more than  just a few data sets to see what is going on with those same customers is the single biggest advantage you can have to fight fraud and identity theft. Analytical modeling on [Read More…]

Top 5 Fraud Questions for Risk Officers

When consulting a customer on identity fraud management, Equifax will go through a rigorous effort to truly diagnose the problems. Here are the top 5 questions related to identity fraud management that we encourage our potential customers to think about: 1) Do I have a firm grasp on my fraud related metrics? In trying to do [Read More…]

More Effective Cross-Selling In Seconds

It’s the simplest strategy to boost revenue potential: Offer the right customers the right product at the right time at the right price. It is the essence of cross-selling, yet what sounds simple in theory is often more difficult to execute in real life. Financial institutions have discovered that making the cross-sell at the point [Read More…]

A Better Way to Help Assess DDA Risk

It is no revelation that the Consumer Financial Protection Bureau (CFPB) wants to ensure that banks and credit unions are appropriately and fairly meeting the needs of consumers. This includes the agency strongly recommending that financial institutions implement an open-all strategy for consumer demand deposit accounts (DDAs) and help provide deposit account options for “credit [Read More…]

Regional Household Wealth Tier Breakdowns

This month we wanted to take a closer look at estimated household wealth across the U.S.  Specifically, the map below shows the percent of households that fall into each estimated wealth tier within each region. How do regions along the east and west coasts stack up against the rest of the country?  Do regions in [Read More…]

Regions with Growing and Shrinking Household Assets

To help ensure financial institutions are offering and promoting products and services that meet the needs of their customer bases, it is important to understand how different regions within their geographic footprints are faring financially. Additionally, market-level financial insights can help financial institutions: Locate high-growth and under-developed market areas Size the market Better assess their [Read More…]