Entries by Scott Gardner

U.S. Bank CIOs Respond that Mobile Banking and Online Banking Are Top Priorities for Tech Focus in 2015

There is true optimism from the banking community about U.S. economic growth for 2015. However, growing concern regarding security breaches tempers CIO and executive management enthusiasm. The growing influence of bank consumer preferences on financial institution strategy and spending has never been more evident than in budget priorities for 2015. Bank spending plans for the new year […]

Emphasize Digital Solutions While Keeping Banks Human Factor

  As more bank customers want digital apps that allow them to complete transactions from their mobile devices, banks should equally emphasize their personal touch and human factor. Financial institutions employing the most up­to­date technology can improve the efficiency of their operations. However, also stressing the human factor is more important than ever. Outstanding customer service, at the […]

Hidden Costs for Banking Transactions You Must Eliminate

  How profitable are your banking transactions? While the number of transactions is increasing at a steady rate for the modern bank, many of the transactions being carried out today are simply not profitable for the bank. The number of hidden costs associated with the transactions added to the overhead cost of facilitating those transacts eats the bank’s […]

Will the Eliminating Risk Retention Provision of the Dodd-Frank Act Bring Back Risky Mortgages?

  The Wall Street Journal headline reads “More Risky Loans Allowed.” It is a non­ subtle “shot” at Washington for eliminating the risk retention provision, once a primary component of the Dodd­-Frank Act, forcing mortgage lenders to retain, at least, a small percentage of every mortgage sold into the secondary market. The focus was to effectively prevent another […]

How Smalltown Branches Must Adapt

  Between 1984 and 2011, the number of federally insured banks shrank significantly in the United States, with the majority of bank closures being those with less than $100 million in assets, according to the Wall Street Journal. Small banks are being gobbled up by larger banks, until the industry has reached an all­-time low, with just 6,891 […]

Gov. Phil Bryant Recognizes Four Mississippi Companies at 2014 Governor’s Awards for Excellence in Exporting Event

Jackson, Miss. (Dec. 4, 2014) – Gov. Phil Bryant presented four Mississippi companies with awards yesterday at the 2014 Governor’s Awards for Excellence in Exporting event, which was held at the Country Club of Jackson. Designed to recognize Mississippi companies for their success in maintaining or increasing export sales, the awards recognized two companies in […]

How Integrated Accounting Software Can Help Banks Prosper

  Whether you’re a community bank or a national company with multiple branches, integrated accounting software can help you save time and money. Specialized banking applications can help your financial institution streamline daily tasks such as accounting, budgeting, asset management and more. This not only improves competencies within the organization, but helps you provide faster service to clients […]

Bank Vendor Management Software Controls Outsourcing Costs

  As outsourcing becomes more popular with banks, financial institutions face more risks than typically exist when using its employees to perform most tasks. Yet, one reality takes precedence over other issues. Banks and credit unions can outsource most services, but they retain all potential risks to their operations and customer requests for service. According to FDIC regulations, […]