Curinos’ Post

Interest rate cuts are going to make waves in consumer lending — are you prepared for the coming shifts in borrower demand and behavior? Join Curinos on Thursday, Oct. 17 for “Consumer Lending In Transition: The Impact Of Falling Rates,” where our consumer lending experts Ken Flaherty, Kinley Hicks and Richard Martin deliver: - Context on market conditions across home equity and unsecured lending verticals - Their views on the shifting consumer demands — and what lenders need to address now for balance sheet growth in 2025 - Insights into how Curinos’ expects the credit landscape to shift as the rate deceleration cycle begins Learn more and register here: https://hubs.li/Q02QgSvr0

This afternoon, the FOMC cut the Federal Funds target rate by a decisive 50 basis points to a range of 4.75% to 5%. The change is welcome news for financial institutions in light of the rate’s extended plateau that elevated funding costs and seriously eroded profitability. But bringing down deposit rates and achieving anywhere near a full home-lending recovery will take time, so financial institutions need to prepare now. Read Curinos' experts full analysis of the Fed's rate cut here:: https://hubs.li/Q02QmzTg0 Margarita Vacanti Ravi Subbaraya Ken Flaherty

Curinos' managing director Andrew Hovet joined hosts Gina Bleedorn and Juliet D'Ambrosio on Adrenaline's Believe in Banking podcast for an essential discussion on the ways banks and credit unions are leveraging data to make branch network decisions. Get insight into the data they're using to optimize their market presence — plus their advice on shifting branch staff and operations' focus to create better customer/member experiences — in their just-published episode: https://hubs.li/Q02QhwG30

Heading to the ABA Bank Marketing Conference? Don’t miss our featured session, “CFO-Friendly Ways to Right-Sizing Your Institution’s Marketing Investment,” with EVP Brandon Larson and Managing Director Sarah Welch at 8:45 a.m. CT on Oct. 8! They’ll cover: - Key marketing levers for revenue and margin expansion - Macro-trends that put pressure on marketing budgets - CFO-friendly frameworks for making a case for increased marketing investment Get more details, register here and come see us at booth #111 to spin our prize wheel: https://hubs.li/Q02Nw1h00

For the third consecutive year, Curinos has been named to the IDC FinTech Rankings Top 100! 🎉 The list features technology companies from around the world that are focused on serving the financial service and FinTech industries, ranking them based on calendar year revenues from financial institutions for hardware, software and/or services. "We are thrilled to receive this recognition from IDC Financial Insights for another year. This honor reflects our growth and ongoing commitment to enable financial institutions to navigate today’s challenges and prepare for the future,” said Curinos CEO Craig Woodward. "At Curinos, we are dedicated to driving technological innovation across the industry to deliver transformative data and insights that move the needle for our clients, uncovering new opportunities for growth to achieve lasting success." Read the full release: https://hubs.li/Q02Q9zxd0

Due to the persistent higher-for-longer rate environment, home equity originations have been in the spotlight for the last few years. But as rates begin to fall, homeowners will have a difficult decision: continue to tap into their home’s equity or return to more traditional mortgage refinance/cash-out products. Learn what credit unions can do now to prepare to meet their members’ needs with with Barry Stricklin, CLO of Tower Federal Credit Union, Vince Salinas, VP of home lending at Patelco Credit Union and Ken Flaherty, Curinos' senior manager of retail lending in “Unlocking Wealth: Navigating Home Equity vs. Mortgage Lending for Maximum Opportunity” on Tuesday, Oct. 1 at 3:45 p.m. PT. at ACUMA’s 2024 Make Your Mark Annual Conference. Learn more: https://hubs.li/Q02NcbBf0

With rates set to fall, how will you reprice your commercial deposits? Fully 63% of them are in what Curinos calls the “opportunity zone.” These are larger balance accounts that may absorb more aggressive rate decreases without triggering outflows. Big opportunity, but how best to capitalize? Here are four areas to focus on, courtesy of Curinos' head of commercial banking Margarita Vacanti: https://hubs.li/Q02Q2d-N0 #commercialbanking #commercialbanks #commercialdeposits #curinos #treasurymanagement #treasurymanagementpricing #depositrepricing #commercialoutflows

THIS THURSDAY: Don’t miss “How To Win In Small Business” featuring Curinos’ exclusive and proprietary data and insights on the massive opportunities of the small business banking segment. During the webinar, we’ll cover: - The latest product innovations that could help you reinvent your products for small business owners - Trends in deposits and treasury management that will guide your rate and fee pricing strategies - How the impending falling rate environment will impact lending Learn more and register here: https://hubs.li/Q02PYyKD0

Last Friday, Curinos' head of retail deposits and lending Adam Stockton spoke with The New York Times' Ann Carrns on banks' efforts to acquire new long-term customers with cash bonuses. While it's not a new tactic, Stockton said, things have changed. A $100 bonus used to be typical — but today, "$100 isn't really moving the needle." Read more: https://hubs.li/Q02PYyF10