article thumbnail

Bank Product Management in Lending

South State Correspondent

In a previous article [ here ] we discussed why community banks need product managers to ensure that financial products and services are effectively developed, launched, and managed to meet customers’ evolving needs and the bank’s risk and profitability goals. This makes the product easier and faster to implement.

Lending 195
article thumbnail

Why You Need Bank Product Management

South State Correspondent

Banks don’t have enough product managers. A manager may oversee the operation of a product, but few banks have product managers who drive product development and performance. This article further explores what it means to be a bank product manager. What is Bank Product Management?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Themes & Takeaways From the 2022 Real-Time Payments & Fraud Management Summit 

Perficient

Our Payments Practice recently had the opportunity to represent Perficient at the 2022 Real-time Payments & Fraud Management Summit held in New York City. . Real-time payments are going mainstream. . The key difference is real-time payment rails will transact and settle transactions instantly. .

Fraud 275
article thumbnail

These Are Your Most Profitable Cash Management Clients

South State Correspondent

The treasury or cash management customer is usually a bank’s most profitable customer on a risk-adjusted basis ( HERE ). In this article, we discuss cash management profitability and rank the most profitable industries for banks to go after. Cash flow stability is also a factor in cash management profitability.

article thumbnail

Everything You Need to Know About Crypto

Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy

With 20% of Americans owning cryptocurrencies, speaking "fluent crypto" in the financial sector ensures you are prepared to discuss growth and risk management strategies when the topic arises. May 18th, 2023 at 9:30 am PDT, 12:30 pm EDT, 5:30 pm BST

article thumbnail

7 Ways Instant Payments Impact Deposit Performance

South State Correspondent

With almost 30% of our banks utilizing some portion of instant payments, the industry is starting to gather more data on how instant payments impact balances, customer acquisition, and account usage. Instant payments have the potential to change the payment landscape for banks. But those are surveys. bank accounts.

Payments 195
article thumbnail

Manage Invoices with Retainage

Perficient

Do you need to manage supplier invoice payments with retainage payment terms? Oracle Cloud Payables has a new feature that provides an easy way to pay suppliers while managing and tracking a retainage amount.