Financial institutions typically rely on interest to generate revenue from transactions with its consumers. As a result, when interest rates are low, financial institutions’ total revenue decreases along with profit margins.
That’s where non-interest income (NII) comes in. This 2-minute read will cover:
- The specifics of what NII is
- The unique ways NII can continue to grow business
- How financial institutions everywhere can add non-interest income products for their portfolio
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