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      REPORT
      Engaging Student Loan Borrowers: How Banks Can Meet the Moment
      Payitoff Gives FIs a Chance to Differentiate Quickly and Build Customer Loyalty in a Time of Need
      31st October 2023
      //Engaging Student Loan Borrowers: How Banks Can Meet the Moment

      With the resumption of student debt repayments in October, the student borrower is back in the news and should be on the minds of bankers. Banks have customers who are student borrowers even if the bank didn't provide the loan. Payitoff offers an integrated platform for banks to provide value for customers in need, connecting to payment and debt reduction services, and retaining core banking engagement through this very specific financial wellness area. Banks should understand this opportunity to meet the specialized needs of this customer segment.

      In this timely Solution Brief, Celent explores the fintech integration that allows FIs to differentiate quickly and build customer loyalty in a time of need.

      Author
      Michael Bernard
      Michael Bernard
      Senior Analyst
      Michael Bernard
      Details
      Geographic Focus
      North America
      Horizontal Topics
      Customer Engagement, Digital Transformation, Emerging Technologies, Innovation, IT Management & Spending, Societal Issues (e.g., Inclusion, ESG, Diversity)
      Industry
      Retail Banking