SINGAPORE (Dec 26): 2019 is set to be a year of significant progress for banks around the world, according to analytics software company FICO, formerly known as the Fair Isaac Corporation.

In a note on Wednesday, FICO’s vice president and general manager for risk, Tim VanTassel, highlights three areas of concern within the consumer banking sector for bank executives to address as the New Year approaches.

Deposit pricing strategy is one currently-neglected tactic which he believes will become prevalent among the world’s top banks, in response to competitive pressures.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook