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.
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 […]
In considering how a technology strategy enhances strategic planning, PRI Director of System Evaluation Mike Neale says he tends to think of things slightly differently. A technology strategy is not just an enhancement to the strategic planning process, it is born from the business strategy and supports it wholly. Technology strategies should not be developed […]
The Dos and Don’ts of Contract Negotiation Contracts for essential services lie at the heart of a financial institution’s business and greatly impact what it can and cannot do and what it offers to its customers. Because these contracts in large part drive the FI’s business, it’s important to get the contract negotiation right. Any […]
In Part 1 of this blog, Why Does Contract Negotiation Matter to Financial Institutions, Tony Baumgardt, PRI debit card consultant, explained that contracts, in fact, drive the FI’s business and embody the relationships between the FI and its vendors. Contract negotiation is a critical element to the long-term profitability of the FI. How can the […]
It may sound simplistic, but every contract signed by an organization obligates the parties to do certain things for a set period of time. As such, contracts for essential services greatly impact what a Financial Institution can and cannot do and what it offers to its customers. In fact, in many ways that obligation drives […]
You may be wondering about the “CTSO” moniker. Simply, it is an acronym for a phrase Profit Resources, Inc. has used in its internal discussions regarding processes, products, and services for the past 25 years: Cut That Stuff Out.
