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6 Reasons Financial Institutions Are Embracing Risk and Regulation Tactics

Perficient

In the fast-paced realm of finance, the significance of regulatory risk and compliance management practices cannot be overstated. Legal Obligations and Regulatory Frameworks It is well-known that financial institutions operate within a complex web of laws and regulations. This ensures a seamless and compliant global operation.

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The Secrets of Expert Deposit Pricing Management

South State Correspondent

Non-Expert Deposit Pricing Management – How To Destroy Bank Franchise Value The best way to quickly destroy value is to peg a deposit product to an index such as SOFR, Prime, Fed Funds, or Treasuries. However, this doesn’t tell the whole story when it comes to deposit management.

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Solve This Problem with Your Strategic Horizon

South State Correspondent

This all compares to about a 40%+ return invested in improving processes (loan, branch, cash management, etc.) Bank management should, of course, strive to increase cash flow as soon as possible. Now, with customers, and relationship managers switching banks at one of the highest rates, banks need to adapt to remain relevant.

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Bank IT Spending – Use These Metrics to Improve Performance

South State Correspondent

The good news is that for many other areas, budgets are lower at banks compared to last year, and the fact that IT is still positive underscores the strategic imperative that banks face to digitize traditional operations, reduce costs, gain scale, and improve the customer experience. Usually, a bank spends about 8% of its revenue on IT.

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APIs Raising Tough Questions About FinServ Innovation, Competition And Data Privacy

PYMNTS

The B2B payments industry is finally beginning to hustle when it comes to technological innovation. And as traditional financial institutions (FI) begin to recognize the value of collaborating with FinTechs, these banks can similarly shake their reputation for being innovation laggards and promote B2B payments progress while they’re at it. .

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APIs Raising Tough Questions About FinServ Innovation, Competition And Data Privacy

PYMNTS

The B2B payments industry is finally beginning to hustle when it comes to technological innovation. And as traditional financial institutions (FI) begin to view the value of collaborating with FinTechs, these banks can similarly shake their reputation for being innovation laggards and promote B2B payments progress while they’re at it. .

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Shift Happens: Online Car Company Manages Crisis With Class

PYMNTS

In these worst of times, companies could learn a lot from Shift’s approach of exercising empathy toward their teams and embracing the reality of a changing business model. Now the hubs have been shut down and the concierges will only drop off cars for test drives. Concierges are equipped to wipe cars down before and after the test drives.

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