Empowering Financial Institutions

There certainly are several schools of thought as to what needs to be addressed in preparation for CECL. At this point in the game, implementing CECL is starting to become a reality. Most banks have started their preparations but come to a screeching halt when faced with tackling what is quickly becoming known as the hardest challenge of CECL: defining economic drivers.

My advice? Do the prep work and tackling the hard stuff won’t seem as intimidating.

It’s no secret that recruiting and retaining top talent (regardless of age) is absolutely imperative if your organization wishes to effectively compete in today’s rapidly changing business environment.

Nearly one in four consumers lack a solid understanding of all the products and services their financial institution offers, according to the 2017 Segmint Consumer Bank Marketing Report. The report goes on to reveal that 89 percent of consumers believe that their financial institution should be sending them more information than they are currently receiving.