Coronavirus: From Health Crisis to Financial Crisis
Coronavirus: From Health Crisis to Financial Crisis
Posted by Stephanie Jordan on May 14, 2020
As we all know, we are currently living through an unprecedented, and what will become a major historical event. History has always been an instructive and useful tool, as we can look back and see how similar situations were handled previously and ...
Key Takeaways from Money 20/20
Posted by John Mateker on Nov 25, 2019
Like any conference, Money 20/20 had ample educational opportunities through speaker sessions, vendor demonstrations, and open discussions with vendors on the exhibit hall floor. Through vendor meetings and attending sessions, I did learn a number ...
Why You Should Evaluate Your Non-Interest Income Strategy
Posted by The Mad Banker on Nov 7, 2019
We get it, as an executive you are balancing a variety of projects and responsibilities daily to ensure the health and growth of your financial institution. Even though increasing profitability is always a critical goal for any financial ...
Ceto and Associates Celebrates 25 Years of Success
Posted by The Mad Banker on Oct 28, 2019
This week marks the 25th Anniversary of Ceto and Associates! As we celebrate this company milestone, we wanted to take some time to reflect on our history as a firm and the journey we’ve been able to enjoy throughout our clients’ success. We will ...
Updates: Bank Mergers & Acquisitions
Posted by Matthew Speed on Jul 26, 2019
Update: M&A in 2019 2018 was an interesting year for Mergers and Acquisitions in the Banking Industry. It was a fairly average year by number of transactions, 259 deals announced versus the five year average of 260. However, with pricing spiking and ...
Do We Really Need Staff in Branches?
Posted by John Mateker on Jul 2, 2019
As technology continues to advance in Artificial Intelligence (AI), Robotic Process Automation (RPA), machine learning, chat bots, and robotics, there’s a question that needs to be asked: are employees required to staff branches at all? There are ...
4 Tools for Attracting and Retaining Deposits in a Digitally Competitive Landscape
Posted by Matt McCall on Mar 26, 2019
With four rate hikes from the Federal Open Market Committee (FOMC) throughout 2018, paired with a growing economy and rising loan demand, the battle for deposits remains highly competitive. Rising rates have allowed online-only banks to gain a ...
The Pros and Cons of Relationship Pricing
Posted by Haley Locklier on Mar 12, 2019
What are potential high value customers looking for when choosing a financial institution that will best suit their needs? Or what promotes customer loyalty? Offers, Rewards and Perks. In other words, relationship pricing, which is a pricing and ...
Banking Trends: What Products and Services are on the Rise, and which are Declining?
Posted by Steve DiLoreto on Feb 12, 2019
The relationship between the banking industry and consumers is ever changing, and for decades, banking was a fairly straightforward task. Customers would visit a branch to make deposits, open or close accounts, apply for loans, or withdraw or ...
The Pros and Cons of Reward Checking and Relationship Packaging
Posted by Tommy Adams on Jan 29, 2019
All banks and credit unions face the difficult task of attracting new customers and deposits, and growing these relationships in today’s competitive banking environment. There are many ways used to grow deposits and accountholder relationships that ...
The Ethical Conflict that is Continuous Day Overdraft
Posted by Cameron Loughery on Dec 18, 2018
It’s reported that customers paid more than $34 billion in overdraft fees last year, which is the most since 2009. Numbers like this are the reason why a financial institution’s overdraft practices are closely evaluated by the Consumer Financial ...
Retail Banking Trends – Financial Education as a Marketing Tool
Posted by Matt McCall on Nov 20, 2018
Throughout the past few years, financial institutions (FIs) have adjusted their marketing practices in order to keep pace with digital innovation. Competition is now prevalent not only with the bank down the street, but with any viable FI with an ...