The Evolving Branch Environment May 20, 2013While many banks are rethinking their long term strategy for expensive branch networks, there are steps banks can take now to reduce costs and inefficiencies in the branch while providing a better customer experience.
Branch Closures Revved Up in Late 2012, Study Finds January 22, 2013The pace of branch closings in the U.S. more than doubled in the last quarter of 2012 as banks looked to cut costs, a new report by SNL Financial found. 4 Areas of Focus for Competitive Advantage in Banking in 2013 January 11, 20132013 may end up as "the year of regulatory implementation in banking," but compliance is not the only challenge facing banks that want to outpace the competition. Durbin and the Future of Payments September 30, 2012Although banks lost interchange revenue because of it, the Durbin Amendment also provides opportunities for banks in cost savings and customer convenience. Leveraging Lean in Financial Services: Making It Work December 20, 2010Banks can learn from the automobile industry's success in applying Lean production practices to gain efficiency and improve quality. Achieving Compliance and Cutting Costs Via Automation January 08, 2009Banks can realize cost savings while preserving capital by leveraging automation and outsourcing in response to increased regulation. Strategic IT Cost Reduction Can Preserve Core Strengths January 06, 2009Banks must take a strategic approach to IT cost cutting and preserve core strengths in order to emerge from the downturn in a healthy competitive state. Cost of Replacing Outdated Systems Key for CIOs September 22, 2008 Shrewd Leveraging of Technology and Staff Key to Achieving Cost-Effective AML Compliance April 28, 2008By automating and streamlining procedures and data management, as well as continually enhancing employees' skills, banks can improve productivity and effectively balance compliance with cost-cutting. Offshore Outsourcing of IT Losing Popularity March 27, 2008Most U.S. companies are not outsourcing technology positions to firms outside the U.S. Compliance Costs Continue to Rise March 27, 2008Deloitte study shows companies are paying more than ever to remain compliant. Comerica Awards BPO Contract to Accenture February 21, 2008BPO contract with Accenture will help Comerica cut its procurement expenses. Discipline and Growth February 01, 2007The biggest challenge in 2007 will be to cope with the global growth of the banking industry while maintaining cost, risk, capital and regulatory discipline. Wed, 01 Aug 2007 17:49:50 -0500 February 01, 2007 Reconciliation, Investigations and Exceptions Management Take Center Stage January 11, 2007Effective exceptions management and reconciliation can improve transaction speed, cut costs, reduce risk and improve customer satisfaction. But banks first must break down payments processing silos to gain visibility into the transaction life cycle. An Army of One September 29, 2005KeyBank taps Xerox for device management to improve efficiency and information security. First National Reaps Automated Mail Savings February 27, 2003First National Bank & Trust installs mail automation software to cut mailing costs by four cents an item. ABN AMRO Hikes Efficiency Via Captiva February 26, 2003ABN AMRO uses InputAccel, a document capture system from Captiva Software, to boost processing efficience. Opening Gambit February 10, 2003Major financial institutions now see the wisdom, and savings, in outsourcing significant portions of their IT infrastructure. Allfirst Bank Lowers Image Defect Ratio December 10, 2002Allfirst Bank records its lowest IDR, as measured by the amount of missing or blurred check images per checks processed.