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
Dictionary.com defines critical thinking as disciplined thinking that is clear, rational, open-minded, and informed by evidence. It is foundational for good decision-making. What organization couldn’t use plenty of critical thinkers? But there are some common stumbling blocks and some key practices to avoid them. 10 Things that Stifle Critical Thinking: Unclear objectives – lack of … Continued
We have spent thousands of hours working with Boards and Leadership teams on strategic planning and we regularly get asked, “How can a Board, made up of individuals who often are only able to focus on the financial institution during monthly meetings or annual planning sessions, be more strategic in their thinking?” Most of the … Continued
In the continually evolving landscape of finance, growth is not just a goal, but a necessity for survival and prosperity. Financial institutions operate in highly competitive environments where growth not only helps to ensure but also signifies relevance and progress. Not all growth strategies are created equal, and some may prove harmful if not guided … Continued
Today’s high-performing finance teams are seeing a need to shift their mindsets and their internal reputations in order to enhance the integral role they play in the strategic progress of their organization. They are being intentional in their efforts and actions to change the way they are viewed in the organization. Specifically, their focus is … Continued
