Our blog is dedicated to sharing our thoughts and expertise about the banking industry and how you can experience quantifiable results for your financial institution. We invite you to hear the perspectives from our banking professionals through our posts.
In the PRI article Wasting Time: 8 Opportunities for Improving Operational Efficiency, Director of Process Improvement Jen Megee said that the biggest area to examine for wasted operations time is the failure to utilize current systems to their fullest potential. One of the keys to fully utilizing the systems you already own and reaping the […]
April is Community Banking Month, which the Independent Community Bankers of America (ICBA) calls “a celebration of the independent spirit and unwavering commitment of community banks to help consumers and small businesses achieve their financial goals to create communities of prosperity nationwide.” In April, PRI is celebrating some of the excellent community banks that we’re […]
April is Community Banking Month, which the Independent Community Bankers of America (ICBA) calls “a celebration of the independent spirit and unwavering commitment of community banks to help consumers and small businesses achieve their financial goals to create communities of prosperity nationwide.” In April, PRI is celebrating some of the excellent community banks that we’re […]
Have you ever encountered a time-wasting process at a financial institution that makes you scratch your head and say, “There must be a better way?” Often the process itself has not been reviewed for operational efficiency, perhaps even in many years. In the intervening time between when a process was created and today, it’s likely […]
Taking on some measure of risk is just part of doing business. However, financial institutions face a particularly high level of risk since protecting their customers’ money and personal data is critical for remaining a viable financial service provider and is required under banking regulations. One big risk that may not be immediately obvious is […]
Most successful organizations would agree that strong leadership skills are critical for everyone in the banking industry, from managers to the C-suite. Leaders must have the ability to inspire and guide others while making sound decisions that affect the future trajectory of the institution. At the same time, efficiency is the backbone of any successful […]
Identify and address overlooked expenses in your bank’s tech overhaul As PRI consultant John Chappelle discussed in Part One of this blog, most financial institutions are aware of the potential benefits of a successful digital transformation in today’s competitive environment. However, in an organization’s haste to reap the benefits of improved customer experience, enhanced operational […]
Identify and address overlooked expenses in your bank’s tech overhaul Most financial institutions are now aware of the potential benefits a successful digital transformation can provide in the areas of improved customer experience, enhanced operational efficiency and increased competitive advantage through differentiation. However, the fear of falling behind the competition can sometimes lead organizations to […]
While a financial institution’s project portfolio is continuously reassessed as new projects come up, the beginning of the year is a good time to ensure that the current portfolio aligns with the overarching strategic plan and projects are prioritized accordingly. It’s also a good time to update procedures and governance documents and assess Project Management […]
Classic Charleston served as the perfect backdrop for PRI’s annual meeting in November, where the focus was all about growth and the many ways it can take place in a company and team. PRI welcomed 10 new members to its team in 2024, reflecting significant growth across several departments and the ability to offer new […]
