The shift in the US market worth noticing

  • Platform: As the speed, ease, and mode of banking continue to shift towards mobile and digital media, adoption of a fully integrated, multi-channel, core banking/lending platform has become not a choice but a necessity for middle-market commercial banks
  • People: A bank’s system/operational transformation journey cannot be successful without a cohesive and re-imagined people strategy. Upskilling on newer systems and technologies, dynamic workforce planning, and creating a millennial-friendly work culture are a few of the ways in which banks are positioning themselves to survive and thrive in the ongoing battle for banking talent
  • Pricing: To offset the rising pricing pressure and deal with intense competition, many middle-market commercial banks are upgrading their prospecting and core lending functions to unified, automated, and cloud-based digital platforms, while others are choosing to partner with fintech firms for improved quote response times and greater cost efficiencies

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Acuity Knowledge Partners

Acuity Knowledge Partners

We write about financial industry trends, the impact of regulatory changes and opinions on industry inflection points. https://www.acuitykp.com/