Once primarily the domain of money center banks, specialty deposits are now fair game for mid-market, regional and community banks as cheaper and more accessible software has leveled the playing field. Igor Ulis, co-founder and general manager at Hudson Technology Systems, says many banks are interested in specialty deposits because they are stickier and more lucrative than traditional deposits. But they also require more operational support and compliance, which is why banks need the right mix of personnel and technology.
Topics discussed include:
- What Makes Specialty Deposits Different
- Technical Support Needs
- Transparency in Communication
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