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Every bank CFO I have ever met would like to pay as little as possible for the most value. Each executive would like to pay their vendors, employees, landlord, the janitor, and even consultants as little as possible if they thought they were getting a good deal. Most of them are proud of their ability to reduce expenses.
Fintech start-ups, which push the envelope to develop competitive community bank technology, come under pressure due to COVID-led reduction in funding. In the News A recent Finextra article, “£1.4 billion of UK fintech funding swallowed up by Covid black hole”, discussed a new survey of fintech founders. The survey identified…
Did your financial institution’s digital strategy properly prepare your clients to bank nearly exclusively on a remote basis? In these unprecedented times, it is important to have someone in your organization review your digital stress points to understand whether your clients are comfortable or feeling anxious with the “new normal” of banking remotely.
A new decade has begun. Although there has been a clear trend toward the use of digital tools in recent years, current events are highlighting the importance of a strong digital strategy. However, some credit unions may be struggling with how to improve their digital footprint and how much to invest in…
Looking to Hire a Loan Officer? Top Four Traits of a Successful Salesperson
After completing one renewal on your own, it was evident that market pricing information was necessary for an effective negotiation. Remedy was able to provide that plus other contract information that made for a positive renewal. Remedy was able to achieve more than our expectations, including significantly lower rates.
Amy Johnson, COO
Dairy State Bank, Rice Lake, WI
Cornerstone Bank thanks Remedy Consulting as a strategic partner in core contract negotiation. Brian, Project Manager, streamlined the process of our core vendor renewal and advised us as to the new technologies that we could continue/implement and still receive a cost reduction on our five-year contract. We are happy to highly recommend Brian and the Remedy Team.
John Doull, President
Cornerstone Bank, Overland Park, KS
Our organization was engaged in a negotiation with our core provider for a contract renewal. Although we were already well into the process, I made the decision to hire Remedy because I felt the negotiations were taking too long and consuming too much of my management team's time.
Josh Hoppes, CEO
Mutual Savings Association, Leavenworth, KS
We wanted to ensure our pricing and contract terms were in line with those of other financial institutions. Remedy had the tools and knowledge to help us out. The process, from beginning to end, lasted about 4 months. Remedy took care of all the negotiations and simply kept us apprised of where the negotiations were at and how they were going.
Ben Hansen, CEO
RSNB Bank, Rock Springs, WY
