The sad truth is that most banks fail to look ahead when it comes to high-tech forecasting. Here’s how to regain a competitive advantage.
Banks face a competitive disadvantage if non-traditional innovators develop technology that creates a better customer experience that can’t be matched by their current vendors.
With the replacement of paper checks by electronic check processing, banks can now reduce the cost of courier services and regional processing centers.
To improve their document management processes, banks need to do the upfront classification and description work while leveraging the automation systems now available.
By increasing its efficiency, a bank can both facilitate the implementation of new technologies and fund the investments required.
Intelligent process automation can help banks drive operational process improvements in wealth management, investment banking and mortgage origination.
Managing a successful client-vendor relationship requires give-and-take on both sides.
Too many banks these days, in an urge to grow, overlook the basic analytical procedures required when acquiring another institution.