Term Deposit Record Keeping

financial institutions Term Deposit Record Keeping

With R•Term, Banks have transformed their product capabilities:

  • Market Growth: R•Term is highly parameterized, which significantly reduces the time and cost to bring new products to market. Easily roll-out new products to capitalize on market and/or segment opportunities.

  • Increased Customer Retention: All term products can be administered in any / all account types, which improves retention. Any investment can be offered in any currency, allowing the product shelf to be expanded.

  • Reduced Systems Costs: Redundant account-based term record keeping systems can be retired and assets are consolidated on R•Term. One RPM client retired 4 separate systems, and generated significant cost reductions as a result.