Payments Assessment and Growth Potential for Community Financial Institutions
Even before COVID-19 forced large swaths of the economy to shut down, community banks and credit unions faced an immense amount of pressure. Competition from other local companies was great. Worse yet, these companies also faced stiff competition from larger financial institutions with a national presence and nearly unlimited resources. Consumer expectations were also rapidly shifting, with digital experiences becoming more important than ever.
Join Ted Iacobuzio, Vice President and Managing Director of Custom Research at Mercator Advisory Group as he describes a new program designed especially for banks and credit unions of $5 billion in assets and under.
The Payments Assessment and Growth Potential program examines the institution’s payments performance by:
– line of business (e.g., credit, debit, commercial, merchant services)
– technology (mobile, IoT readiness, competitive edge) with a view to optimize future revenue and competitive advantage.