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A group of hungry tech companies are poised to bite off significant market share from traditional banks. Technology companies like Google, Amazon and Apple are circling the financial services marketplace and traditional banks had better take notice before it’s too late.
Should board members speak to shareholders? A growing number of people say yes.
Less than half of senior executives and board members believe their banks have the technology in place to support growth, according to Bank Director’s 2014 Growth Strategy Survey.
Emily McCormick is Vice President of Editorial & Research for Bank Director. Emily oversees research projects, from in-depth reports to Bank Director’s annual surveys on M&A, risk, compensation, governance and technology. She also manages content for the Bank Services Program. In addition to regularly speaking and moderating discussions at Bank Director’s in-person and virtual events, Emily regularly writes and edits for Bank Director magazine and BankDirector.com. She started her career in the circulation department at the Knoxville News-Sentinel, and graduated summa cum laude from The University of Tennessee with a bachelor’s degree in Spanish and International Business.
Keeping costs low, including overhead and funding, is the key to both lower risk and higher profitability.
The combination of a healthier economy and the 2012 JOBS Act has led a number of community banks to go public this year.
Emily McCormick is Vice President of Editorial & Research for Bank Director. Emily oversees research projects, from in-depth reports to Bank Director’s annual surveys on M&A, risk, compensation, governance and technology. She also manages content for the Bank Services Program. In addition to regularly speaking and moderating discussions at Bank Director’s in-person and virtual events, Emily regularly writes and edits for Bank Director magazine and BankDirector.com. She started her career in the circulation department at the Knoxville News-Sentinel, and graduated summa cum laude from The University of Tennessee with a bachelor’s degree in Spanish and International Business.
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