2/8 Webinar: Are You Offering the Right Commercial Line of Credit?

Now more than ever, community banks need to offer a variety of commercial financing options to stay competitive. Jack Henry will share strategies to help you serve the working capital needs of your commercial accountholders and help you increase revenue during this informative, 60-minute webinar on February 8. Register here.

The State of the Economy and Commercial Lending

Want to know what other financial institutions are offering their commercial accountholders? Our new blog post offers insights about how the economy has affected community banks over the last year, and what to expect in 2023. Read the post.

S&P Global Market Intelligence has just announced their sudden and unexpected decision to sunset the dashboard analytics solution, SNL Banker.  As you take this time to consider next steps for your bank, our team is ready and available to eliminate any service interruptions to your bank: https://go.klarivis.com/SNL-Banker.

3 Reasons Why Your Financial Institution Needs a Consultant

At first glance, many might ask, why not solve your problems internally, whether it be a cost reduction effort, a strategic move to enter a new market, or an upgraded digital/fintech project? Sometimes the reason can be simple. An external perspective is needed for guidance and protection.

The pressures that financial institutions face daily can be extreme. Many employees find themselves playing various roles within the financial institution. With so many hats to wear, you can quickly run out of capacity and resources and have no time to “do it all.”

There are many benefits to working with an experienced consultant, but three stand out.

1. Expertise and Visibility
2. Incentives 
3. The Right People 

Learn how your FI can strategically partner with Engage fi on future projects here

Embedded Fintech or Embedded Finance? Essential Strategies to Future-Proof Your Financial Institution

As financial institutions move into a new technology era, they realize that their existing innovation cultures are broken. New fintech competitors are gaining market share. They are gaining deposits when traditional financial institutions are on balance losing deposits.

There’s a lot of discussion within the financial institution industry about embedded finance and embedded fintech as a technology strategy, but not enough understanding and urgency to appreciate it as a future-proof business strategy. One thing is clear, however—the need to act quickly is essential as new competitors gain ground on traditional financial institutions’ customer base. 

Check out the rest of the article here