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Bring a Personal Touch to Your Virtual Clients For several weeks, your branches were shut down and now your clients have been trained to use all those online tools you couldn’t figure out how to train them on prior to the crisis. This is the world we have all been…
We found a fun infographic from the Visual Capitalist team we thought you might be interested in. It turns out that 97% of people do not read the terms and conditions of popular online services contracts before agreeing to them. And then we did a bit of research of our…
Traditionally, financial education has been primarily a community outreach service for banks and credit unions. But perhaps it is time to change your thinking. Could your commercial banking relationships be strengthened through a financial education program? Our experience says “yes”.
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…
We follow the CenterState blog because we often find information which is interesting and relevant to running a financial institution. Their latest article is focused on technology strategy, and whether a bank or credit union should be offering a single mobile app or multiple mobile apps to their customers: https://csbcorrespondent.com/blog/should-your-bank-pursue-single-mobile-app-or-multiple-app-strategy-0…
4 Steps to Take Before and During Negotiations to Improve Your Outcome Recently, our firm assisted a client on the renewal of a core contract that could approach $130 million in total contract value if the financial institution hits its growth targets. Below are a few war stories and major…
Looking to Hire a Loan Officer? Top Four Traits of a Successful Salesperson
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
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
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
