Webinars

Upcoming Webinar: Transforming Enterprise Revenue and Billing Systems to Enhance Treasury Management

Treasury management within commercial banking is evolving. Banks need to drive actionable insights and understand the trends from the rich data store in treasury billing systems, but often, professionals are constrained by aging legacy technology and time-consuming manual processes. Frequently banks would like to implement innovative strategies but these efforts are hampered by inflexible billing systems requiring extensive manual efforts to implement and monitor such client offerings.

Webinars

Live Webinar: Best Practices for Digital Transformation in Transaction Banking

The recent acceleration in digital transformation in financial services and transaction banking due to the pandemic is not the exception. Customers around the world demand access to services 24/7, with instantaneous billing and payments, and a fully digital experience the new normal. There is also increasing pressure for banks to innovate and differentiate their transaction banking offerings to stand out from the crowd against a backdrop of growing competition from digital and non-bank players.

Product Management

Dig Deeper For Success With Software Business Requirements

Over a decade ago, I was at the final interview to become a business analyst for a bank enterprise pricing and billing system. The executive interviewing me, in the interest of full disclosure, told me that the customer base was very angry. To calm them down, the company had promised to hire a business analyst with a finance background and banking experience. Wanting to understand fully what I was signing up for, I gingerly asked, “Okay, why are they so angry?”

Bank Commercial Pricing

Growing Profits and Getting the Right Commercial Deals

The past decade has been a trying time for banks. In a flat interest rate environment, thin margins on loans and overall difficult economic conditions have made it difficult to drive revenue growth based on loan portfolios. As Financial Institutions have focused on other ways to grow, the average share of net revenue non-interest income has expanded to over 40 percent. Yet, a survey done by American Banker magazine reported that 15% of bank corporate clients studied were actually unprofitable.  So clearly something is amiss here. Banks need profitable corporate relationships to keep growing the bottom line, but too many of those relationships are actually a drag on profits. This is a serious conundrum that banks need to address – how to keep growing profits by getting the right deals?

Presentations

How SEC Football Improved My Sales Game

It is possible to sell a product to customers when you don’t understand their culture or their way of life. But it sure can be a lot more difficult. Curiously, the incident which made me acutely aware of this involved SEC football. I was on the floor of the convention center in Las Vegas in our booth, when one of the sales reps came over with four gentlemen in tow. The sales rep was from Spain, but lived in England at that moment. He was working the show primarily to make contact with international banks, but he had managed to make a connection with a U.S. regional bank that was strong in the Southeast. He had brought four of the bankers over for me to demo our product suite.