By 2028, the global digital banking market size is estimated to surpass $10.3 trillion*. To effectively prepare for, and navigate this growth, your financial institution (FI) must be equipped with a strategy to provide both exceptional service and generate sales to keep your FI profitable and growing.
*Source Globenewswire.com
Explore the possibilities
To help FIs transform their digital banking solution into a revenue generator, Alkami has identified opportunities for you to branch into new revenue streams and lower operational costs.
Capture non-interest income
When it comes to payments and transfers, users value convenience, choice and control.
This creates a number of opportunities to offer fee-based services and transactions that will generate revenue for your FI, including real-time payments fees and interchange fees.
Stand up business non-interest income
Did you know, businesses are willing to pay for the right capabilities and experiences? This is especially true for ones that save them time, increase convenience, and improve overall efficiency.
Consider offering business packages as a way to cross-sell additional products and services, strengthen relationships, and increase your fee income.
Make your data profitable
Did you know that you can leverage your existing transaction data and turn it into profit? Discover your data’s untapped potential and effortlessly unlock new revenue streams with AI and automation.
Take the guesswork out of marketing and target the right offers to the right people at the right time with personalized marketing campaigns, to increase product adoption and ROI.
Cross-sell new products
Does your FI have a plan to effectively engage single-product account holders? Develop interest in checkings, savings, money market, and certificate of deposit accounts by providing informative product detail pages, branded to your FI.
Leverage a digital storefront to cross-sell additional products based on the needs of the user.
Acquire new users & deposits
How is your institution attracting new users and bringing in new deposits? By making the digital account opening and onboarding process as easy as possible, you can accelerate acquisition efforts, create back office efficiencies, and lower operational costs.
Is your digital transformation designed to drive revenue?
Learn how to transform digital banking into a profit center for your FI.
Drive interchange income and card utilization at tap-to-pay & e-commerce sites by push provisioning cards to digital wallets – keeping you top of wallet.
Enable instant account-to-account transfers, so their money is in the right place when they need it.
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Deliver targeted offers for loan products that drive revenue based on credit score data.
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