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.
The PRI team gathered from seven states in Tampa, Fla., on Nov. 11 to discuss current business trends, new product launches, personal career development and problem-solving strategies for a complex world. In the fast-moving financial industry, tackling challenging problems in the workplace requires more skill than ever before. In a session facilitated by Rebecca Armacost, […]
While it is vital to pay attention to payment trends in the community bank space, an FI would be foolish to focus on trends over building a solid foundation for its debit card program. The debit card program, which should be handled as a product, holds the key to greater profitability and long-term growth and […]
No aspect of the financial ecosystem is more dynamic than the payments space. FIs who choose to continue doing what they have always done without closely examining their needs and desired strategy will find themselves in a poor competitive position. “While community bankers are necessarily dependent upon their vendor relationships to deliver services to their […]
As we discussed in our last blog, change can be daunting. When an FI recognizes that doing things the way they always have could be leading to negative consequences for their organization, they may decide to change processes, allowing for increased efficiencies, improved morale, and increased profits. Establishing a proactive culture that asks the tough, […]
Change can be daunting. Understandably, the tendency to stick to the path of least resistance can lead FIs to continue doing things the way they always have – even when the processes are outdated and inefficient. Have you ever asked the simple question of your team, “Why do we do it this way?” The common […]
In our last blog post, Sue Schmiedeler, project manager at Profit Resources Inc., discussed best practices in project management that ensure the financial institution can minimize business disruption and maximize efficiencies and long-term benefits, including profitability. In this blog, she shares 10 tips to facilitate better and more effective project management. Assess the risks. Every […]
When launching complex projects such as a core conversion or merger and acquisition activities, financial institutions are wise to dedicate substantial time and resources to planning and project management. A good project management process will minimize business disruption and maximize efficiencies and long-term benefits, including profitability. Sue Schmiedeler, project manager at Profit Resources Inc., recently […]
Data and technology continue to shape the future of the lending industry, and opportunity-driven Financial Institutions are embracing and adapting to the changes. In part 1 of this closer look at how the current environment impacts lending and operations, we examined the significant trend of digitization of the lending process. Part 2 will address how […]
Technology has been a catalyst for fundamental change in financial institutions for more than a decade. The pandemic accelerated these changes, especially in lending and operations. The most significant trend in lending in 2021 will be increasing digitization. At the onset of the pandemic, many FIs scrambled to address the need to process PPP loans […]
Bill Zumvorde and Mike Holt visited with banker friends and enjoyed meeting new acquaintances at the Ohio Bankers League/West Virginia Bankers Association Joint Convention at The Greenbrier. PRI set up a booth in the exhibit hall, sponsored a dinner with other friends, and enjoyed all that The Greenbrier has to offer! The OBL and WVBA […]
