Financial institutions depend on newer accounts to grow their business, but they come with a downside. More specifically, the young account segment has a higher risk of deposit charge-offs than accounts that have been open at least a year.
Featuring Rayleen Lindquist, Director of Product Management
Offering full services to new accountholders can be risky for financial institutions. For consumers, it’s challenging to establish credentials and deposit history from day one. Rayleen Lindquist, Director of Product Management at Fiserv, discusses how financial institutions can address the cash flow needs of their new accountholders.
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