Financial institutions operate in a dynamic environment where strategic planning is crucial for long-term success. Wouldn’t it be valuable for organizations to utilize tools that help visualize the economic implications of achieving or not achieving their strategic goals? The fantastic news is that longer-term financial forecasts are tailor-made to do just that. Below, we highlight … Continued
Each year we work with hundreds of financial institutions, helping them think through their business model for today and into the future. Because of the successes we’re seeing, we thought it would be helpful to outline processes and habits that can help strengthen the thinking among leaders and Boards across the industry. By focusing on … Continued
It might seem like an odd time to think about a mortgage loan boom. Mortgage originations through Q3 2024 are pacing similarly to 2023, one of the lowest years in two decades. Mortgage rates remain high, closer to 7% than 6%, with forecasts for 2025 suggesting rates will stay above 6%. Yet, these very conditions … Continued
We talk with financial executives every day about the challenges and opportunities surrounding regulatory changes, and the new CFPB rule to close overdraft loopholes is no exception. This initiative, aimed at saving Americans billions in fees, is a timely and significant shift in the financial landscape. For institutions, it raises important questions about compliance, revenue, … Continued
Have you ever noticed how projects start out so well with everything on track until suddenly, out of the clear blue sky, there’s a giant problem? The project is unexpectedly off track and you’re scrambling to slow the resulting domino effect. What happened? It’s likely that things weren’t nearly as on track as you were … Continued
Colin Powell famously said that he needed between 40% and 70% of the information necessary for a decision. His reasoning? With less than 40% of the necessary information, you risk making a poor decision. But if you wait for more than 70%, it might be too late—the opportunity will have passed. This principle is particularly … Continued
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
