Overview
Market Rates Insight offers a diverse range of products to help you drive deposits, price loans, and structure fees with confidence:
Deposit Solutions
ReportBuilder™ –This unique interface allows you to configure reports by the specific markets that you establish, as well as the set of competitors that you select. In addition, this product allows you to view the difference in the rates of your competitors (for all products) from a select date in the past 12 months and the most current rates. ReportBuilder allows customization of the following reports:
Retail BalanceBuilder™ – Retail BalanceBuilder is the workhorse of the rate intelligence system, allowing you to view pricing for specific product types by term and tier, in ascending order from highest to lowest. Consumer BalanceBuilder allows you to see comparative rates for consumer checking, savings, CDs, and other retail products. The report allows you to view the APY for each product, as well as the change that occurred in the rates from the last reporting date. It gives you the flexibility to choose up to five columns to display the data. A unique and beneficial feature of this product is the ability to instantly graph a 12-months history of any competitor, as well as generate a graph of each of the products and each of the tiers. To top all that, you can share this valuable information with others by exporting these graphs in PDF or Excel format for easy and clear viewing. Also, exporting to Excel allows you to use the raw data to generate customized graphs and charts using Excel tools.
Business BalanceBuilder™ - Business BalanceBuilder is a premium service available with either the MyRI Premium or Essential subscription levels. With Business BalanceBuilder you can set up a separate report to track products for small business, such as small business tiered checking, small business money market accounts, CDs, and Sweeps. You can structure the report by terms and tiers against competitors by market, and see the results in ascending order from highest to lowest. You can view the APY of each product displayed in up to five columns. And you can graph a history of your competitors’ products for the past 12 months, as well as export the data as a PDF report or in Excel for easy formatting and conversion.
Executive Summary – If you need a top-level comparison of competing products, the Executive Summary report gives you a combined view by market and tier. It’s a great way to keep abreast of your existing markets with summaries of tiers by competitor, including liquid accounts such as checking, savings, and money market accounts which make up the most volatile part of your deposit business.
Unique-tiering Builder™ – Quickly and easily identify unique tiering of deposit products that your competitors are offering. This report features all the “unusual” tiering offered by your competitors so that you have the proper intelligence when making decision on new product development.
FormatBuilder™ – This helpful product provides you with pre-designed formats to display your reports. In addition, it provides you with options to arrange the hierarchy in which different products appear on your report, as well as the conditions in which each of your products is being compared to the different products offered by your competitors.
MarketBuilder™ – This is a powerful new tool from MRI that allows you to view new competitive opportunities by geography, product type and/or competitors. You can drill down by city, county, or CBSA (core-based statistical area) to see the offerings from prevalent banks in pre-defined areas. This powerful new tools allows you to see areas of funding opportunity, overlay product weaknesses or strengths, spot trends, anticipate competitive moves, spot branching opportunities, target communications, and better understand how to fulfill your customers’ needs.
ProductBuilder Alert™ – This product is our weekly newsletter alerting you of interesting product ideas that are being tried by lenders nationwide. Regardless of the size of the institution or the nature of the product, ProductBuilder Alert gives you tips about new ways you can make money.
ProductBuilder™ – This insightful product lets you view the newest innovation in banking-product development. It allows you to choose from a wide range of product categories and select the features that are of interest to you. In addition, this product allows you to query product offering by specific competitors, range of dates, and other criteria
ProductMoveAlert™ - This useful product keeps you informed and on top of the market. It alerts you every time a designated competitor introduces a new product in to the market. Just as soon as a new product is announced, you will be alerted via email or on your PDA (if it is synchronized with your email system).
RateMoveAlert™ - Designed to function similarly to ProductMoveAlert, RateMoveAlert alerts you every time a designated competitor has changed its rates in accordance to pre-set conditions that you designate (e.g. +/- 10 basis points). Just as soon as such a change occurs, you will be alerted via email or on your PDA (if it is synchronized with your email system).
Search by Competitor (SBC) – This product gives you a fast snapshot of individual competitors, just as if you were to walk into a branch on your lunch hour to pick up a rate sheet. SBC is the ideal tool to gain quick competitive insight into a single institution, including all products, terms, tiers, and rate/APY, compounding, product brands, and specials. It’s also an ideal tool for product development, and to facilitate due diligence for M&A activity.
Search by Product (SBP) - This product is the ideal tool to provide competitive intelligence or insight for product pricing. SBP gives you complete access to the MRI’s searchable database of competing financial products. SBP gives interactive access of information outside the bounds of pre-formatted rate surveys, allowing you to search by product type, peer group, county, state, or region, and then save search results for future use.
SpecialsBuilder™ – This is a very efficient product that allows you to instantly view only special rates offered by your competitive set. Whenever you are interested in viewing only the “non-traditional” rates of your competitors, you can quickly and easily build a report featuring these rates.
Loans Solutions
ReportBuilder™ - This unique interface allows you to configure reports by the specific markets that you establish, as well as the set of competitors that you select. In addition, this comprehensive product allows you to conduct queries of different loan products, sort loan products by defined order, and prioritize the order in which your competitors show up on the report.
Fees Solutions
ReportBuilder™ - designed to give you a comprehensive view of competitive fees and product features within your designated competitive set
Scanned Ads
Search by Ad - Market Rates Insight’s newest product is a comprehensive database of ads scanned from national and regional newspapers and magazines across the country. With our new Search by Ad service, you can see exactly what offers your competitors are advertising to attract new customers. Search by Ad lets you select specific competitors choosing from over 200 markets, and then further sort and filter your output by named competitor, newspaper/magazines, headline, publication, issue date, product type , (e. g deposit, loans, or image ad), or region (i.e. DMA). And you can view the ads as either JPG images or PDFs so you can scrutinize the terms in the fine print. Scan by Ad is available with any of the three premium subscriptions.
