The Intersection of Financial Institutions and Technology Leaders

What Money Movement Means for Deposits

By Lee Wetherington

With deposit strategy a top priority in 2023, bank leaders should take a careful look at their deposit base to better understand potential vulnerabilities, says Lee Wetherington, senior director of corporate strategy at Jack Henry. They should also consider targeted and proactive strategies that help their institution hold onto significant depositors. The most successful banks, he explains, will be those that can translate their relationship-based business model within a digital context.

• New Concentration Risks
• Solving for Real-time Fraud
• Sensitivity to Deposit Outflows

Lee Wetherington is the senior director of corporate strategy at Jack Henry & Associates, Inc. Mr. Wetherington directs the development of actionable insight and strategy for the financial services industry