PRI Blog: System Evaluation & Contract Negotiation

In 1984, the US had more bank charters than at any time in the country’s history with just over 14,000 charters. Since that time, on average, the number of banks has contracted by 3.3 percent per year. In 2020, the number of bank charters were less than a third of what they were at the […]

Financial institutions have experienced new transaction volumes in the past three months due to the pandemic. Many customers are approaching their bank or credit union in new and different ways, and as digital transactions increase, FIs must be ready to respond with the appropriate core solutions. These new volumes can help predict future product mixes, […]

Your institution has created a rolling digital roadmap, resources with the needed skills are in place and the policies to manage a fintech partnership have been developed. You’ve taken aim at product solutions that resolve the gaps and hold the greatest profit potential. Now what?

It’s difficult to have a day go by when you don’t hear the term "Fintech." As the market continues to evolve, new entrants emerge and older players continue along their respective maturity curves. With all that noise, how do you know if a fintech solution is right for you?

While financial institutions of all sizes may choose to participate in the Fintech space as providers of services, the vast majority of Fintech interaction will be as consumers of the platforms. Working with a Fintech can provide challenges, particularly for community institutions.  Here are the questions to ask as you consider engaging with a Fintech […]

As the applications of fintech providers continue to expand in scope, the definition of fintech has become less about what is done and more about who is doing it.

While a current group of experts is loudly touting the importance of financial technology, or fintech, community institutions must evaluate for themselves whether it is really the end-all, be-all to running their organizations. They also should ask whether fintech is vital to competing with large FIs and, if so, whether any data processing company in […]