Document tracking is sometimes viewed as a back-office function that deserves minimal strategic thought. Banks that hold this opinion tend to struggle with inefficiency, unreliable information, and massive exception lists. Taking a proactive (and strategic) approach to document tracking can
The banking industry has always been ferociously competitive, and as thousands of banks in the U.S. endeavor to reach more customers while the number of institutions continues to drop, competition has inevitably grown. As time has passed, that competition isn’t the only thing that’s grown.
Thanks to community banks, consumers in the U.S. have an almost unparalleled number of options when deciding who they’re going to trust with their money: some 10,000 banks and credit unions are available on national and local levels. A good number of those 10,000 institutions
Commercial lending is a unique aspect of the banking industry. Unlike consumer loans, which are underwritten based on a snapshot of the customer’s current creditworthiness, commercial lending decisions are a continuous work in process. As any business owner will tell you, revenue and profitability can