Remedy Consulting strives to be your priority partner by providing complimentary thought leadership monthly webinars. Remedy executives will provide relevant, niche, industry-leading educational content on fintech services, contract negotiation, system selections and more. See you in the next webinar.
10:00 AM - 11:00 AM CST
A recent AI-generated optimization model from FI Navigator estimates that 36% of banks are not on their “optimal” core system. Join us as we discuss how this study uses the term “optimal” and what that might mean to your bank. We will also attempt to monetize the “optimal” core decision using the performance of the average bank on a poor vs. high-performing core in the concept of an “optimal core couple of categories.” And finally, we talk about parts of the core decision that cannot be found in a data model, including a discussion on the cost to change core platforms.
What you will learn in this session:
• Discuss the elements of an “optimal” core system according to model
• Compare cores to the average bank performance of their core customers
• Discuss things that cannot be found in a data model related to your core decision.
Who Should Attend? C-Suite, VP or Directors
Charlie Kelly - Partner, Remedy Consulting
Karen Lowerr - Director, Marketing & Operations, Remedy Consulting
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
Remedy Consulting was able to achieve much more than our expectations during our core contract negotiation including significantly lower rates and contract language that much more favorable to the bank. We were extremely impressed with the project management and professionalism shown by the Remedy Team. Highly recommended.
Walker Jordan, President
Bank of Monticello
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