Improving corporate deposits through transaction banking

FIs can implement the below 7 strategies to retain and strengthen deposits amidst high interest rates and corporates seeking better options:

  1. Improve visibility into deposit pools, inflows, and outflows
  2. Establish a dedicated deposit command center
  3. Create an effective pricing strategy
  4. Revise sales approaches
  5. Target cash-rich sectors for deposits
  6. Leverage AI technology
  7. Refresh transaction products associated with deposits

Source: https://www.mckinsey.com/industries/financial-services/our-insights/winning-in-corporate-deposits-through-transaction-banking