These three examples serve as inspiration for applying analytics to enrich professional management.
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.
The traditional single overdraft fee should be abandoned in favor of a tiered approach – potentially including no fees – to accommodate the distinct customer segments involved.
As regulatory and business costs continue to mount, banks would be well advised to hire at least one individual whose sole focus is to tackle process and efficiency opportunities.
Desktop analytical tools can help back office operations managers coordinate and improve the performance of their employees.