Ebook: How Core Technology is Changing the Community Banking Environment

INTRODUCTION

Core technology is evolving at a rapid pace with products available to deliver faster customer service, streamline back-office processes, and help keep banks compliant. If we learned anything from the pandemic, it’s that for businesses to thrive during these times, they must be willing to digitize their operation, both internally and externally.

However, many banks are struggling to embrace digital banking solutions due to the expense and overwhelming time commitment put on employees and the bank to bring on a new product. Some banks have tried going digital, yet too often and themselves having invested too much time and money into products that end up being useless and nonfunctional.

What banks don’t realize is that there are many misconceptions when it comes to implementing digital solutions and they need to break through the noise to see the benefits and returns for their business. Most importantly, banks need to work with the right core provider that 1.) equips them with the banking technology that adapts to the ebb and flow of the industry and 2.) continues providing value to both the bank’s customers and business.