Banks
The Interface Financial Group® has worked with banking institutions in a complementary fashion since 1972. Banks realise that although they may have a quality deposit relationship with a customer, that customer may not meet its lending criteria. However, a simple rejection of a loan request could endanger its deposit relationship. Consequently, bankers often find it necessary to function as a solution provider for that customer.
That’s where IFG can step in.
IFG provides a non-competitive solution, allowing a bank to maintain and even enhance its deposit relationship, while "outsourcing" the customer's short-term funding needs to IFG.
Benefits of the IFG solution for banks include:
• The bank provides a solution, not just a "no" response
• The bank maintains its customer base and improves its deposit relationships; IFG does not take the customer away from the bank
• The bank sees increased average daily balances as IFG funds are deposited with the bank
• When the bank's customer becomes creditworthy in accordance with the bank's lending criteria, the customer returns to the bank for funding because of their strong pre-existing relationship.
