Rate Management for Retail Deposits

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Zafin offers a consistent and fully auditable end-to-end rate management framework for retail deposits that improves revenue capture and risk controls.

In the aftermath of the 2008 financial crisis, retail banks are struggling with historically low interest rates, compressed margins, risk-averse customers, and an uncertain economy. Additionally, as banks grapple with a rapidly changing regulatory environment, the ability to optimize rates for retail deposits is especially challenging.

Zafin’s award-winning technology platform equips retail banks with a clear understanding of their customer segments and deposit behaviour in order to enable optimal rate offerings. Specifically, retail banks are able to:

  • Implement levers to control the stability of deposits
  • Profile and anticipate customer behaviour
  • Tailor deposit offerings to customer segments
  • Execute advanced pricing strategies that meet deposit pricing objectives

Relationship Pricing Strategy for Retail Deposits


Rate Management for Retail Deposits


KEY BENEFITS:

Zafin-Circle-RevenueEnhancement

Drive Revenue Growth

  • Strike a balance between deposit stability, bank profitability and customer retention
  • Enhance segmentation, from basic (customer tiers and regions) to more advanced (behaviour-based)
  • Drive net interest income

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Increase Transparency

  • Mitigate conduct risk with audit trails and workflows for complete transparency
  • Increase external transparency by demonstrating how and why specific rates are applied
  • Allow bank staff to leverage all of the products and services in a customer’s portfolio

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Boost Operational Efficiency

  • Improve agility with the ability to respond quickly to changing customer and market dynamics
  • Determine how customers respond to different pricing characteristics, including preferences and elasticity
  • Automate the execution of rate strategies and easily manage its execution

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Boost Customer Experience

  • Customers enjoy competitive and fair deposit rates based on automated rate management
  • Strike a balance between deposit stability, bank profitability and customer retention
  • Understand deposit behaviour

 

CASE STUDIES:

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RELATED RESOURCES:

Download your complimentary copy of the following resources related to rate management for retail deposits.

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SOLUTIONS POWERED BY ZAFIN:

Customer Lifecycle Management for Retail BankingCustomer Lifecycle Management for Corporate BankingCustomer Lifecycle Management for Custody ServicesRate Management for Retail DepositsRate Management for Corporate DepositsEnterprise Loyalty