Linking Economic Indicators to Your Success
Following the rise and fall of the economy can help you understand how to meet client and member needs, while planning to take advantage of growth opportunities.
Consumer and business behaviors are directly impacted by trends in unemployement, interest rates and regional industry growth. In turn, their deposit and lending needs may change.
With New Construction Booming, Opportunities Abound
Falling demand for housing and the rising cost of skilled labor has kept the new construction home market from building any upward momentum in recent years. However, things may be about to change.
“The construction industry is expected to become one of the fastest growing industries over the next five years, with a projected growth rate of 4.5 percent.”
Beyond Trade Negotiations, Impact of Commercial Economic Trends on Banking
Trade negotiations and falling unemployment rates: these are just a couple of the trends confronting American business today. As companies grapple with the broader forces of change, the decisions they make could have far-reaching consequences for community banks and credit unions. To keep you abreast of the market forces shaping commercial clients today, we’re covering the top economic trends and how they are likely to impact community banking and credit union operations.
Weathering Consumer Economic Trends: Following the Data Trail
Despite greater profitability and an overall positive outlook, several consumer trends are reshaping the way the banking industry does business, impacting both the short-term and long-term outlook. Fortunately, these changes are occurring at a time when data is more prevalent than ever, providing community banks and credit unions with a competitive advantage, if they know where to look for insight.
At the beginning of 2020, the California Consumer Privacy Act (CCPA) will go into effect. But what does the CCPA cover and who must comply?
After a tumultuous and controversial journey, the LIBOR benchmark will finally meet its end in 2021. It's time for banks to get ready for change, but with no clear idea for the future, it's difficult to know how to prepare for the transition. Do you have a plan for life after LIBOR?
Community banks and credit unions can find new opportunities in C&I lending, but are they ready to get involved?
In the latest 2020 outlook piece, Steve Hoke talks about economic drivers for lending and loan portfolio strategies.
Finastra Solutions to Stay Ahead of Economic Trends
Fusion Digital Banking, powered by Malauzai, provides a highly personalized, relevant digital experience that is consistent across all channels.
Business and commercial lending solutions that enable your borrowers to adapt to economic changes and impacts.
Consumer Lending & Mortgage
An ever-changing economy can drive demand for new home financing. Be prepared to meet your borrower’s digital expectations with complete mortgage solutions.
We Have You Covered
With North American headquarters based in Lake Mary, Florida, Finastra has a solid and deep presence in community markets.
Our clients in the region benefit from dedicated employees located across the country to provide community banks and credit unions with innovative, proven financial software solutions. The region’s 4,200+ clients can be found far and wide, from Key West, Florida to Hobbs, New Mexico; Willards, Maryland to Honolulu, Hawaii; Fremont, Ohio to Fort Collins, Colorado; and everywhere in between.
Do you want to know more about our solutions?