The rising interest rate environment, which hasn't been seen in decades, is creating new pressure on consumers and financial institutions alike. The 2024 Alkami Telemetry Data Report provides multiyear trends of key deposit, loan, and payment products, based on an aggregated panel of more than 2.5 million account holders, to provide financial institutions with industry benchmarks against which to compare their own performance.
This report supplemented by an Alkami commissioned study, conducted through The Center for Generational Kinetics, assesses how the current macroeconomic environment has impacted attitudes and behaviors across the generations.
Within the report you'll find trends and recommendations around the following:
- Housing and HELOCs
- Auto Loans
- Deposits
- Credit Cards and BNPL
- Becoming a Data-Informed Digital Banker