With 2020 behind us, banks and credit unions should start 2021 off with some impactful resolutions. Resolutions have the reputation of being ignored but with these three helpful resolutions, your bank or credit union can achieve success in 2021. A great way to incorporate business goals and resolutions is an assessment of what areas could use the most boost. Elements of your bank or credit union that would benefit from a revamp could include technology, operations, and even customer interactions. Each aspect of your bank or credit union can be updated or improved without being costly projects. These resolutions may seem like big goals but are cost-effective and will build foundational success in your branches.
With the whirlwind of the holidays upon us, fostering an environment that celebrates and promotes community in your bank or credit union can attract and grow your customer base. Using strategies that build community is a great way to integrate the holidays and stay relevant for current and new customers. Implementing strategies to connect with the community may require some innovative thinking. Innovative ways to accomplish strategic attempts to grow community should utilize banking technology. Through the use of banking technology, your financial institution can improve customer experience and put the focus on growing community. Technology is the driving force that can be the foundation for building community for your bank or credit union during the holiday season.
Managing your check scanners can come with the occasional technical issue whether you’re a bank or credit union or even a merchant utilizing remote deposit capture. Knowing common solutions when your device is in need will ensure you are optimizing ROI on your check scanner. Investing in high quality check scanners can help build efficiencies and increase competitive advantage in your business or financial institution. If our top three solutions below don’t seem to be doing the trick, you can always get helpful, friendly support from Benchmark’s Help Desk. Our advisors will troubleshoot and help get your check scanner functioning again. Our top three solutions for check scanner troubles are simple and straightforward and could end up saving you valuable time and money.
Shopping can be the hardest part of the holiday season. It seems that finding that perfect gift for a loved one can be the only type of shopping on your mind. As the end of the year approaches though, you may have shopping for the technology in your bank or credit union branches on your mind as well. With Benchmark’s #solutionseason, shopping for fintech has never been easier. Ensuring your fintech is current, updated or functioning properly can be the key to a successful year for your bank or credit union. Our financial technology selection is not limited to just hardware and can even benefit your RDC program or your teller efficiency. With 2021 in sight, it's essential to update your banking technology and look to the future. With Benchmark’s #SolutionSeason, we have developed this easy fintech shopping guide taking you through all the fintech necessities for this season and next.
If your bank or credit union is feeling a little hesitant about integrating new financial technology, let Benchmark help get you started on your digital transformation journey. FinTech companies are pushing the limits of technology in the banking industry, and sometimes implementing this cutting-edge technology can be as risky as a werewolf on a full moon. Strategically approaching digital transformation is the key to growing success in your financial institution. Examining hardware digital transformation and software digital transformation will reveal that there is no need to be spooked about bringing your bank or credit union into the future.
Creating successful competitive advantages for your bank or credit union can be expensive and time-consuming. However, investing in the right banking technology, like check scanners, can be the missing component to achieving a successful competitive advantage. Check scanners provide a wide range of opportunities to get ahead of your competition. Implementing check scanners into your technology plan is a simple solution that can lead to maximizing your overall competitive advantage in multiple ways.
Banks and credit unions have a responsibility to sustainability as a part of their community and global impact. Sustainability can be seen as an unnecessary or expensive venture, especially in community banking. However, BBVA notes that sustainability can create opportunities for banks or credit unions. Focusing these opportunities can often lead to less costly solutions and better environmental outcomes. Benchmark is proud to support programs and services that celebrate sustainability.
Accommodating growing customer needs should be a priority to banks and credit unions. Keeping up with evolving customer demands is not always conducive to a traditional bank or credit union environment. More technology in branches may accommodate some consumer needs but often further action is required to satisfy customers. Branch transformation is a focused change that integrates technology and retail banking spaces. These changes make branches more appealing to customers while optimizing banking technology.
The future of banking is technology but procuring the right banking technology is the key to bringing your bank or credit union into the future. Financial technology is experiencing a boom with emerging tech like crypto-currency and artificial intelligence, but these options often present more risk than reward. To strategically bring your financial institution into the future starts with high-quality financial devices. Financial devices can help shape the future of your operations and often improves customer satisfaction. These top five financial devices can help bring your bank or credit union into the future.
Keeping up with the latest tech can be a challenge in traditional banking. But steps into digital transformation don’t have to involve complicated and expensive technology. Often simply optimizing programs you offer can help bring that transformation. Remote Deposit Capture, RDC, programs are on the rise because of customer convenience and its efficiency. Managing RDC programs requires managing a lot of moving parts including hardware, software, new users, shipping, locations and other factors. These details can have a huge impact if not managed effectively. With Benchmark’s TraxIT, our online fulfillment tool, successfully managing your RDC program is finally made easy.