industry trends Posts

Risk & Growth: Two Sides of the Same Coin

Posted on June 14, 2024 by Baker Hill

In a recent article in the Financial Brand, Dr. Wendy Smith, the Dana J. Johnson Professor of Business, faculty director and co-founder of the Women’s Leadership Initiative at the University of Delaware advised banking leaders to steer between competing priorities...

Why Now is a Perfect Time for a Credit Department Tune-Up

Posted on June 10, 2024 by Baker Hill

As bankers are keeping an eye on CRE lending challenges affecting both supply and demand for capital, demand from borrowers is well off the robust pace of lending that many banks saw in 2022. The good news is that...

Avoiding the Most Common Pitfalls in Battle for Deposits

Posted on April 5, 2024 by Baker Hill

The deposit environment has changed drastically in the last couple of years. During the Covid-19 pandemic, interest rates were at zero for an extended period, while the government injected cash into the economy through stimulus payments and PPP loans. The...

Stop Calling It Digital Transformation. It’s an Evolution.

Posted on April 2, 2024 by Baker Hill

Digital transformation: what does it mean? It’s often a catch-all buzzword that can mean many different things. According to Techopedia , the phrase was first coined in 2011 by consulting firm, Capgemeni and they define it as “the use of...

Teamwork Makes the Dream Work: Ways to Empower Credit Teams & Loan Officers

Posted on March 11, 2024 by Baker Hill

Consistent lending strategies enable financial institutions to provide needed capital to consumers and businesses within their communities. The banks that are positioned to grow their portfolios in 2024 are the ones with strong credit cultures that empower relationship managers...

How Will AI Change Lending?

Posted on February 28, 2024 by Baker Hill

The popularity of artificial intelligence (AI) has skyrocketed since the launch of tools like OpenAI’s conversational chatbot, ChatGPT, which accumulated more than one million users a mere week after going live. ChatGPT effectively brought AI into the mainstream and financial...