Great news! The elevated rate environment provides financial institutions (FI’s) an opportunity to take advantage by putting new assets on their books at higher rates as existing lower yielding assets roll off. By itself, this helps improve their net interest margin (NIM). However, the other side of the balance sheet is also adjusting to higher … Continued
5 minute read – After receiving great feedback on this topic, we have decided to remind leaders how important it is to establish clear objectives for business intelligence (BI) and data analytics initiatives. There are almost as many strategic initiatives focused on business intelligence (BI) and data analytics as there are financial institutions. The potential … Continued
Every day we talk with CEOs about leadership priorities for themselves and their teams. In this episode of c. myers live, we discuss the priorities that should be top–of–mind as we enter the new year. Our discussion encompasses the vital aspects of building capacity within the leadership team, prioritizing strategic initiatives, and the relentless pursuit … Continued
Biometric authentication methods are one the newest generations of security measures and one of the latest iterations can be found at your local Whole Foods. The next time you are buying organic kombucha, you may find yourself in front of an Amazon One sensor alongside the register. Amazon One sensors enable consumers to use their … Continued
6 minute read – Strategic plans are all about possibilities, but the possibilities for risks to get in the way are also part of the equation. Knowing that there are risks and knowing that they can impact financial performance means that choices must be made. Those choices are better made after reaching as much clarity and … Continued
6 minute read – The following blog post was written by c. myers and originally published by CUES on July 27, 2023. Many are concerned that the next few years could be financially tough for financial institutions, even if we avoid recession. Tight liquidity, escalating cost of funds, inflation-driven operating expense increases, and accelerating loan losses … Continued
4 minute read – Over the last 18 months, the conversations we’ve had with management teams and board members across the United States have focused on concerns around interest rate risk – rates sat at or near 0% for so long that most people in leadership positions were not in decision-making positions the last time … Continued
5 minute read – It’s no surprise that borrowings have increased significantly over the last year. With non-maturity deposits shrinking, institutions have been filling the gap with borrowings. As more borrowings are being added and used more actively, it is important to keep a few points in mind. * First, borrowing strategically can … Continued
4 minute read – Unprecedented. We hear this word used every day. However, if you are a student of history, you know that there are no new stories and we’ve read a version of this story before, except now it has new economic twists and technological turns. The questions being asked, and the assumptions being … Continued
6 minute read – The following blog post was written by c. myers and originally published by CUES on June 5, 2023. Big recession? No recession? Rising cost of funds? Regardless of what’s happening in the environment, building a more efficient organization brings big benefits, including cost control, and better employee and customer experiences. A good … Continued
