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
Three. The typical number of bottlenecks when it comes to financial institution project management: IT, Marketing, Compliance. These three departments are tasked with to-do lists for many projects within the organization – on top of their own projects and priorities. A huge concern is if go-live dates are set on a case-by-case basis, instead of from an … 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
