The Bottom Line

How Hitting the $10 Billion Threshold Impacts Vendor Management

Posted by Myron Schwarcz on Nov 27, 2018 9:00:00 AM

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Numeric milestones can be great opportunities to celebrate achievement and build team morale. Asset growth is usually a sign of health and prosperity, and attaining thresholds like $1 billion or $5 billion in assets are certainly momentous occasions for many financial institutions. Reaching $10 billion, however, can bring mixed blessings.

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Topics: Vendors & Contracts

Think Through Your ATM Strategy While Tackling Windows 10

Posted by Mark Mrva on Nov 14, 2018 9:00:00 AM

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As of January 2020, Microsoft will no longer support Windows 7. This event is creating some interesting conversations at financial institutions concerning their ATM strategy. Fourteen months may sound like the distant future, but time is already tight if banks and credit unions wish to avoid a costly, tactical reaction to the sunsetting of Windows 7, as opposed to a more strategic choice with upsides for account holders.

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Topics: Vendors & Contracts

How to Run an RFP for Your Digital Banking Strategy

Posted by Bret Herbert on Nov 6, 2018 2:15:00 PM

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In years past, soliciting digital proposals was a fairly straightforward exercise of reaching out to digital banking vendors and bill payment solution providers. However, things have gotten significantly more complex for financial institutions as touchpoints like mobile must be considered, not to mention P2P, self-service card controls, and advanced cash management options for business customers. Expectations for seamless omnichannel capabilities have increased as well.

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Topics: Vendors & Contracts