There is lots of talk on social media about Central Bank Digital Currencies. Unfortunately, it has been feeding the conspiracy minded. Even more unfortunately, the conspiracy minded, as in other cases (JFK and MLK assassinations, Big Pharma’s power, Covid regulations…
This week and next we’ll focus on issues related to due diligence. As M&A activities are likely to increase in 2023, excellence in due diligence is critical for sellers but in particular for acquirers. Yet, there are at least…
I live in Miami, in the free state of Florida. When I arrived six years ago as a refuge from New York City its main attraction was good weather, great real estate deals, a friendly business climate, nice lifestyle and…
I mentioned to a consulting friend that I had seen a BAI executive report with the title “Big Stakes in Small Business Banking” followed by the tag line “SMBs…
Last week I had a call with a technology vendor that aims to provide banks with a solution which, if effectively implemented, could significantly increase revenues and profits from a business area that many banks either overlook or have managed ineffectively.
Just as banks use branch “shoppers,” to test service and highlight areas for improvement, they need tech shoppers to determine whether their gee-whiz technology solutions work. In more cases than they know, digital and automated approaches fail to…
Anyone who has seen the classic film Casablanca remembers a scene in which a local government official who has been taking bribes for years from Rick, the café’s owner, needs to placate the German military…
Two decades ago many banks focused on developing their own technology solutions rather than relying on third party technology providers. The idea was that developing bespoke solutions would better serve their customers rather than offering a “canned” solution…
Last week Chris Skinner titled a blog commentary, “Banks Waste Billions on Digital”. He begins by making a statement that banks should be considering: “I wonder whether, one day, anyone will work out how much money has been wasted by banks on digital…
Can you manage a bank by focusing on one number, one metric, that you focus on with laser like clarity? Of course not. The ultimate metric is profit and even there you need to look at profit over time. But there is one ratio that experience suggests indicates how well…