Raddon Report

Raddon is an industry-recognized research firm that guides strategic decision making for banks and credit unions. Stay mindful of the latest financial industry research and analytics by reading the Raddon Report, the official Raddon blog.

Thursday, May 12, 2022  |  James White

Fintech Trends: How Will Financial Institutions Compete?

We have seen the landscape change at a lightning pace and in a myriad of directions due to this high investment threshold. Financial institutions are facing difficulty determining their biggest threats as this aggressive trend continues to evolve. As an industry, should we be concerned about financial wellness; buy now, pay later (BNPL), cryptocurrency; P2P payments; neobanks; or the next unknown? The answer is an unequivocal yes.

Thursday, April 28, 2022  |  Helen Acke McComiskey

Financial Wellness: Just Words?

Money, lending money and borrowing money have historically been taboo discussion topics, but that should not be the case when it comes to a consumer’s financial institution.

Consumer financial wellness should be a top priority for financial institutions, but a lot of institutions merely pay lip service to the concept. What exactly does financial wellness mean anyway? Is that short-term financial wellness, long-term or somewhere in between?

Thursday, April 14, 2022  |  Becky Summers

Best Practices From Financial Institutions Using Predictive Analytics

Financial institutions that are successful at using data can reap the benefits of more engaged accountholders to drive greater distinction from competitors. Data must be connected and used within the organization to answer strategic questions.

Thursday, March 31, 2022  |  Caroline Vahrenkamp

Branch Self-Service Kiosks: Can Consumers Get Behind Them?

Rising personnel costs, the pandemic and the changing transaction environment are pushing financial institutions into considering branch self-service kiosks. Consumers are following suit, though maybe not in the ways you’d expect.

Thursday, March 3, 2022  |  Bill Handel

A Review of the Raddon 2021 Forecast

Each year Raddon makes a series of predictions as to what the upcoming year will hold for both the economy and the financial services industry. Prognostication can be a dangerous business, and many prognosticators hope that the previous year’s predictions are simply relegated to the dustbin of history without further review. However, integrity compels us to review what we wrote, so here are the Raddon Predictions for 2021 made last January and an analysis of the accuracy of each.

Thursday, February 24, 2022  |  Jody De Valk

Solar Energy as a Loan Product

What do you get when you have raising global awareness of dire environmental issues, a crumbling national power grid predicated on expensive and dwindling fossil fuels, and unpredictable weather patterns that put tremendous pressure on existing systems?

In the financial services space, that adds up to opportunity.

Thursday, February 17, 2022  |  Jan Trifts

Changes in the Real Estate Market Create Lending Opportunities

Significant increases in both interest rates and home values are changing the real estate market. Mortgage refinancing that has dominated lending is beginning to disappear, and higher home values have driven up home equity values. Now is the time for a renewed focus on home equity lending and particularly on home equity lines of credit (HELOCs).

Thursday, February 10, 2022  |  Caroline Vahrenkamp

The Rise and Risks of Buy Now, Pay Later

Buy now, pay later (BNPL) programs have taken the country and world by storm, with balances expected to top $181 billion globally by 2022. The rapid rise represents both a threat and an opportunity for traditional lending institutions such as banks and credit unions, but moving into this space will bring its own unique set of risks, as well.

Thursday, February 3, 2022  | Bill Handel

After the Pandemic – What?

While it may feel premature to talk about life after the pandemic while we remain in the midst of it, it is also important to look forward and to plan with an eye to the future. Despite the concerns many may currently harbor, the pandemic will end. There will be a point when life returns to “normal.”.

Thursday, January 27, 2022  | Jenny Armistead

Say Goodbye to Overdraft Fees: How to Plan to Protect Your Earnings

This is the time of year when we reflect on accomplishments, strengths and opportunities for improvement. The same is true for financial institutions. If we look back on the past two years, we see the only constant has been change. Those institutions looking to improve and thrive in this environment will be those that embrace change and can proactively prepare for challenges, with a focus on minimizing risk and leveraging opportunity. One of the biggest changes impacting the financial services industry is the evolving overdraft and nonsufficient funds (OD/NSF) fee landscape.

Thursday, January 20, 2022  | Greg Ulankiewicz

A Roadmap for Effective Strategic Planning

There is a common expression that “failing to plan is planning to fail,” but simply having a plan does not guarantee success. Many financial institutions periodically go through the exercise of strategic planning. To do that effectively, it is important to have the right approach to developing your strategic plan.

Thursday, January 13, 2022  | Marcus Rothaar

Emerging Trends in Small Business Banking

Over the past year, small businesses transitioned out of survival mode and into a more optimistic position. In our latest Raddon Research Insights survey, 63 percent of small businesses said they expect sales to increase over the prior year, and nearly half expect the economy to improve.

That’s not to say everything is back to “normal.” Challenges from the COVID-19 pandemic persist, with supply chain shortages and hiring difficulties topping a long and varied list of challenges cited by small businesses in our survey.

Thursday, January 6, 2022  | Caroline Vahrenkamp

Strategic Issues for Financial Institutions in 2022

2020 and 2021 threw the consumer banking industry for a loop, and 2022 looks to be just as exciting. Four key strategic issues seem to deserve our particular focus.

Thursday, December 16, 2021  | Megan Cummins

The New Value of Checking

Checking accounts are important to financial institutions for many reasons, and those reasons have shifted over time. Typically, financial institutions have valued checking accounts because:

Thursday, December 9, 2021  | Jan Trifts

Repackage Consumer Loans to Increase Higher-Margin Loan Balances

The COVID-19 pandemic has resulted in fundamental changes in consumer spending patterns that, at least for now, continue as we begin to emerge from the crisis. Reduction in consumer spending and the resulting increased savings rate has led to double-digit deposit growth. This, combined with declining year-over-year loan growth, has driven loan-to-deposit ratios and net interest margins to decline significantly. By repackaging consumer loan products, financial institutions can drive additional lending and increase loan margins.

 

 

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