Insights2018-08-23T20:30:22+00:00

INSIGHTS

Step Up to the Challenge: Navigating COVID Recovery

In the current climate of uncertainty, it’s only natural to want to recede into a cave where you can hole up until things get rolling again. For banks and credit unions, however, the problem with a hide-and-watch approach right now is that you’re missing out on a prime opportunity to strengthen relationships with existing customers as well [...]

Taking it Personal: Being There for Customers in a Challenging Time

So many adjustments have had to be made throughout the COVID 19 lockdown, almost nothing about our lives are recognizable. Although financial institutions were among the businesses deemed “essential” and allowed to remain open, the way credit unions and banks do business has drastically changed. Processes and procedures that were previously carried out without a second thought [...]

AI is the Future of Banking’s “New Normal”

Continuing on with business as usual isn’t the only challenge the current crisis presents. However, the banks and credit unions that end up weathering the storm will be the ones that make the most of the opportunity to be there for customers and members. Such an undertaking requires balancing risk management with compassion and unprecedented personalization. With [...]

How the PPP Can Make You the Small Business Customer’s Superhero

The current state of emergency has been a crazy rollercoaster ride and the turbulence isn’t over yet, but the federal government has stepped up with assistance programs designed to ensure small business owners can keep employees on the payroll. The Paycheck Protection Program (PPP) is the latest and not only does it aim to keep small business [...]

Maintaining Contact With Customers During Tentative Times

COVID hit everyone out of left field. A Black Swan event that few were prepared for. More than two months later, the dust hasn’t yet begun to settle, but resilient creatures that we are, Americans have adjusted to what many are calling our “new normal.” At the same time, much uncertainty remains, especially in the financial sector. [...]

Customer Feedback Reveals They Still Want Your Brick-and-Mortar Branch

The popularity of online banks can’t be denied. In the past 5 years alone, the number of digital banking users in the United States grew 18% from 133.5 million in 2014, to 161.1 million in 2019. What’s more, in the last 12 years, two trends stand out. The number of banks and credit unions peaked in 2009 [...]