Banking Growth Forum 2017 | BankNXT | 17 May 2017 | Chicago, IL, United States

The Banking Growth Forum, created by GFMI and Nomis Solutions, is a platform for deposits and consumer lending executives to come together and develop new ways to grow and manage their retail products.

Attendees will have an invaluable opportunity to benchmark with industry leaders across the financial sector, and will take away tangible tools and techniques to generate and secure evergreen revenues in deposits and consumer loans.

Since the financial crisis, banks in the US have struggled to generate and maintain healthy profits in retail banking. The historically low interest rate environment has made deposits unattractive to consumers, thus much harder for banks to attract and retain new customers. New regulations and changing market conditions have made it harder and more expensive for banks to issue and manage loans. There has also been growing competition from marketplace lenders and other fintech firms to take banks’ market share.

In this challenging environment, banks are looking for innovative strategies to revolutionise savings and loans products to attract more customers and boost profits. The recent increase of interest rates, expectation of more rates hikes throughout 2017, and the changing political landscape create new and exciting opportunities for growth, but banks have to make sure they are well positioned to benefit.