To maintain modern operations and reap profit, corporations need help from banks. Liquidity management is crucial—as is acting now.
First and foremost, bankers need to be effective risk managers in a world where forms of risk keep multiplying.
Time-pressured employees may be tempted to record details of client meetings on their smart phones, but watch out for the business and regulatory risks.
An efficient loan administration system needs efficient tracking of documentation exceptions.
A cloud-hosted portal will enable banks to integrate both risk management and financial performance analysis.
While most financial institutions strive to be ‘relationship-based’ lenders, balancing the relationship with strong credit controls is the key to making those relationships profitable.
To avoid getting blindsided by unexpected risks, financial institutions need a loan review system that properly segregates responsibilities and provides the appropriate level of depth.
An Identity and Access Management system needs to be enterprise-wide, scalable and flexible to avoid mounting costs and risks in an increasingly risky environment.