blog.srmcorp.comSRM Blog - The Bottom Line

Careers @ SRM Contact Us SERVICES INDUSTRIES INSIGHTS CASE STUDIES ABOUT SRM Welcome To The Bottom Line SRM Perspectives on Key Industry Trends Get to the bottom of all things banking with weekly expert musings from SRM. The Bottom Line takes what we hear from financial institutions, fintechs, and industry influencers - separating the news from the noise. We offer unfiltered observations and thoughtful forecasts responding to industry developments and trends as they happen, with emphasis on how financial institutions can better serve their stakeholders.Examining the EU’s AI Act & Its Broader Implications Posted by Simon Rose on Apr 30, 2024 11:09:00 AM Tweet Aspects of artificial intelligence have been gradually introduced into business settings for years, starting with robotic process automation and continuing into fraud detection systems, CRM tools, and other varieties of knowledge management. Read More 0 Comments Click here to read/write comments Topics: AI , Artificial Intelligence , Financial Services , EU , European Union , Financial Institutions Take a Longer View of Your Critical Vendor Contracts Posted by Ben Mrva on Mar 28, 2024 11:17:00 AM Tweet Any bank or credit union executive who’s taken part in critical vendor contract reviews, RFPs, negotiations, and renewals knows that the process can be cumbersome at best. Read More 0 Comments Click here to read/write comments Topics: Vendor Contract Negotiation , Bank Vendor Management , Credit Union Vendor Management , Bank Contracts , Credit Union Contracts , Contract Optimiziation What’s at Stake in Banking & Payments with Capital One’s Purchase of Discover? Posted by Myron Schwarcz and Andrew Gordon on Mar 14, 2024 11:25:00 AM Tweet Plenty of ink has been spilled on Capital One’s bold move to acquire Discover Financial Services, with most of it revolving around combining two large credit card issuers and the odds of the deal securing regulatory approval. Read More 0 Comments Click here to read/write comments Topics: Interchange , Mergers , Credit Cards , Durbin , Debit Cards , Capital One , Debit Network , Discover Setting the Table for Balance Sheet Growth When Interest Rates Fall Posted by Tim Keith on Feb 22, 2024 11:15:00 AM Tweet Though it is unclear how far the Federal Reserve might go, or when it might act, there is a growing consensus that interest rates will start to come down later this year. Read More 0 Comments Click here to read/write comments Topics: Deposits , Loans , Customer Experience , Balance Sheet Management , Interest Rates , CDs , Money Market Accounts A Path to Improve Customer Experience Posted by Simon Rose on Feb 14, 2024 11:18:00 AM Tweet We made the case in a recent blog that banks and credit unions should take a closer look at their consumer lending strategies. With $32 billion of volume in 2023, there has been no shortage of opportunity, spanning existing and prospective customers. Read More 0 Comments Click here to read/write comments Topics: Regulation , Compliance , Efficiency , Credit Union , Customer Experience , Outcomes Bank Liquidity, Regulatory Uncertainty, and Fintech Emerge as Major Themes at Annual Conference Posted by Paul Davis on Feb 6, 2024 11:09:00 AM Tweet Bank Director’s Acquire or Be Acquired Conference remains a prime-time event for understanding the ever-evolving dynamics in the banking industry (beyond the prominent M&A theme) and copious amounts of networking. Over the four-day conference, there were more than 2,000 attendees this year – and the SRM contingent did its best to connect with as many industry pros as possible. Read More 0 Comments Click here to read/write comments Topics: Bank Vendor Management , Credit Union Vendor Management , Deposits , Hiring , Regulation , liquidity , Risk Management , Fintech Contract Negotiation Operational Agility Will Be Critical in 2024 Posted by Neil Dougherty on Jan 31, 2024 11:03:00 AM Tweet Bankers have entered what many view as a challenging year for financial institutions of all sizes. There is plenty of uncertainty surrounding the regulatory environment, credit quality, and the Fed’s plans for interest rates. Read More 0 Comments Click here to read/write comments Topics: Innovation , Fintech , Contract Negotiation , Bank Vendor Management , Credit Union Vendor Management , Expenses , Profit , Core Contracts Prepare Now for CFPB Clampdown on Overdraft, NSF Fees Posted by Paul Davis on Jan 25, 2024 11:07:00 AM Tweet The CFPB has proposed a rule to limit overdraft charges at larger U.S. banks and credit unions – though financial institutions of all sizes should take note. Read More 0 Comments Click here to read/write comments Topics: Vendor Contract Negotiation , Bank Vendor Management , Credit Union Vendor Management , Fee Income , CFPB , Regulation , Overdraft Fees , NSF Fees , Service Charges Delay Deploying Instant Payments at Your Own Risk Posted by Dean Nolan on Jan 17, 2024 11:02:00 AM Tweet We’ve heard several financial institutions intend to delay deploying instant payments capabilities, such as FedNow and The Clearing House’s RTP Network, until 2025 as part of broader cost-control initiatives. Read More 0 Comments Click here to read/write comments Topics: Payments , Vendor Contract Negotiation , Bank Vendor Management , Credit Union Vendor Management , FedNow , Real-time payments , RTP Network , instant payments How to Gain an Edge Making 2024 Financial Targets Posted by Paul Davis on Jan 16, 2024 11:15:00 AM Tweet Financial institution executives who found 2024’s budget cycle particularly vexing are in good company. The unrelenting pace of technology, regulatory, and economic change makes allocating resources and meeting financial goals especially challenging. Time will tell if this is simply the new normal,” but most internal processes have yet to adapt to these new demands. Read More 0 Comments Click here to read/write comments Topics: Digital Banking , Vendor Contract Negotiation , AI , Artificial Intelligence , Bank Vendor Management , Credit Union Vendor Management , Interchange , Regulation , Debit Cards All posts Next Subscribe to our blog Recent Posts Archives April 2024 (1) March 2024 (2) February 2024 (3) January 2024 (5) December 2023 (2) November 2023 (2) October 2023 (3) September 2023 (4) August 2023 (3) July 2023 (2) June 2023 (6) May 2023 (4) April 2023 (2) March 2023 (4) February 2023 (4) January 2023 (3) December 2022 (3) November 2022 (4) October 2022 (3) September 2022 (5) August 2022 (2) July 2022 (5) June 2022 (4) May 2022 (3) April 2022 (3) March 2022 (5) February 2022 (6) January 2022 (4) December 2021 (4) November 2021 (4) October 2021 (4) September 2021 (1) August 2021 (4) July 2021 (3) June 2021 (4) May 2021 (3) April 2021 (2) March 2021 (4) February 2021 (3) January 2021 (2) December 2020 (2) November 2020 (3) October 2020 (3) September 2020 (2) August 2020 (4) July 2020 (3) June 2020 (4) May 2020 (3) April 2020 (2) March 2020 (2) February 2020 (2) January 2020 (4) December 2019 (2) November 2019 (3) October 2019 (3) September 2019 (3) August 2019 (4) July 2019 (4) June 2019 (3) May 2019 (3) April 2019 (2) March 2019 (5) February 2019 (4) January 2019 (4) December 2018 (2) November 2018 (3) October 2018 (5) September 2018 (4) August 2018 (3) July 2018 (4) June 2018 (3) May 2018 (3) April 2018 (5) March 2018 (2) February 2018 (4) January 2018 (3) December 2017 (3) November 2017 (3) October 2017 (4) September 2017 (1) August 2017 (4) July 2017 (3) June 2017 (3) May 2017 (3) April 2017 (3) March 2017 (3) February 2017 (1) October 2016 (1) August 2016 (2) March 2016 (2) January 2016 (1) December 2015 (1) November 2015 (2) August 2015 (1) April 2015 (1) February 2015 (1) December 2014 (1) November 2014 (3) October 2014 (3) August 2014 (2) July 2014 (4) January 2014 (4) see all Posts by Topic Bank Vendor Management (71) Credit Union Vendor Management (71) Vendor Contract Negotiation (69) Vendors & Contracts (54) Payments (30) Fintech (29) Cryptocurrency (23)...