Being profitable in an uncertain economy is possible

Regional and community financial institutions (RCFIs) are in a unique position to deliver unprecedented value to a country in economic uncertainty.

As the financial landscape continues to evolve and consumer concerns arise with each earnings report, RCFIs need to be the lighthouse that provides account holders with solid, foundational support — all while staying on top of the latest digital banking trends and offerings.

Using anonymized data collected over nearly five years, across more than a million account holders, and represented by nearly two dozen financial institutions ranging in assets from $500 million to $15 billion, Alkami has identified several areas of opportunity for FIs to differentiate themselves from competition.

The 2023 Alkami Data Telemetry Report: State of the Industry^SM has identified several areas of opportunity for FIs to differentiate themselves from competition.

This report highlights:

• Data-backed strategies for building long term loyalty
• Increasing share of wallet
• Optimizing product offerings