72% of all projects fail.¹ Effective project management can be a strategic differentiator. One of the most important keys to the success of a big project is the project manager. Equally important is the senior support necessary to allow an effective project manager to get the job done – even when the project manager isn’t … Continued
Client Objectives: Engage our people to rally around the strategy and build a bridge to successful implementation Create a foundation of the right people in the right seats to take us into the future, while delivering outstanding and efficient experiences Things were going well, yet leadership was certain that the institution was capable of more. … Continued
CFOs have shared with us that their leadership teams are increasingly eager to identify which organizational initiatives truly move the needle, especially as they navigate uncertain times together. Recognizing this growing interest, we’ve been working alongside CFOs to develop strategies that keep their teams focused on high-impact areas without overwhelming them with excessive details. Below … Continued
Turning visionary strategies into tangible results requires not just planning, but the disciplined execution of your most critical projects. In our work with financial institutions of all sizes and unique business models, we’ve identified seven practices that lead to successful execution, as well as opportunities to prevent potential missteps and ensure success. These seven practices … Continued
Q: When the Fed has significantly cut rates, how many times has the yield curve shifted in parallel? A: ZERO! What does this mean for you? In a world filled with uncertainty, this is one thing you can count on. So, don’t rely solely on parallel shifts in the yield curve when modeling. Expand your … Continued
Becoming an organization that is good at project management is not simple. While the basic concepts of project management are easily understood, there are a myriad of reasons why those concepts are not consistently and effectively put into action. Here are 2 of the most common misconceptions that get in the way: 1) A good … Continued
With all the change in technology and evolving customer needs, one thing remains constant: the need for effective leadership. As financial institutions navigate through complex markets and unpredictable economic landscapes, the role of leaders becomes increasingly crucial. However, ensuring the sustainability and success of these institutions requires more than just identifying talent — it necessitates … Continued
Most Boards look for financial ratios and other measures of success to gauge their institution’s financial health and strategic progress, but many Board members don’t understand some of the nuances of the measures, especially when the dollars and the ratios appear to be telling different stories. Senior leaders are focused on sharpening their ability to … Continued
Pressure on non-interest income continues to grow, particularly on Overdraft Protection (ODP) and Non-Sufficient Funds (NSF). In 2022, many financial institutions revamped their ODP and NSF programs. Some did this to get out in front of potential regulatory pressure and take advantage of a market opportunity. Many others followed suit because of competitive pressure. Fast … Continued
Every generation is different, and businesses must constantly evolve to meet changing customer preferences. Millennials and older Gen Zs have been using financial services for a while. For this 180-second thinking exercise, consider Gen Alpha. Born between 2010 and the present, they will be the next big generational topic. As a reminder, 180-second exercises are … Continued
