The deposit market is shifting as interest rates rise, bank customers push for higher yields and fintechs including SoFi try to move into traditional banking.
This 3-part Deposit Training Series is a previously recorded event from one of BankersHub's most popular series! It redefines deposit strategy for the digital age and the coming changes including younger demographics, the rise of non-banks and digitization. We explore non-financial approaches to attract and retain customers, how to leverage psychological biases, pricing strategy, offer-presentment and data analytics to stay relevant.
Part 1: Innovative Deposit Product Features and Customer Experience Mgmt (Wed, Sep 4)
- Global trends and best practices on deposit innovation
- Creating a needs-based customer segmentation
- Evaluating feature preferences and willingness to pay
- Bundling and packaging optimization
Part 2: Pricing Analytics, Elasticity and Optimization Modeling (Thu, Sep 5)
- Price elasticity modeling
- Price optimization modeling
- Price promotion theory
- Promotion campaign management
Part 3: Presentment and Engagement at the Digital Point-of-Sale (Fri, Sep 6)
- Consumer behavioral biases at the point-of-sale
- Push vs. pull: New thinking on digital cross-selling
- The holy grail: Nudging primary banking behavior through digital
- Digital sales tool implementation considerations