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FIs deploy investing tech to stop deposit outflows

U.S. Bank’s investment solution saw sevenfold YoY increase in account openings

Vaidik TrivedibyVaidik Trivedi
November 14, 2023
in Wealth Management
Reading Time: 5 mins read
0
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Financial institutions are deploying investment technology in a bid to stop customers from withdrawing funds from their accounts and depositing them elsewhere.  According to an October Fitch Ratings report, deposits for all United States banks dipped 2.4% between December 2022 and September 2023. U.S. Bancorp Investments and TD Wealth, for example, have doubled down on […]

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Tags: automated investingdepositsEnvestnetPremiumtd bankUS Bank
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