BOSTON-As banks and credit unions explore ways to create new revenue streams, a new Aite Group report indicates the daily deals market could generate over $1.4 billion in revenue for FIs on more than 300 million transactions by 2017.

Despite some of the luster wearing off daily deals, exemplified by Groupon's recent struggles, Aite Group Senior Analyst and the study's author, Ron Shevlin, explained financial institutions have an opportunity to reshape daily deals and make them much more relevant to consumers.

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