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The Biggest Pitfall of Cash Management - Managing Up to Limits

Financial institutions (FIs), such as banks and credit unions, set limits on the maximum amount of cash they can carry in their branches and ATMs. These limits reflect cash needed to maintain insurability, regulatory compliance and risk management, and to meet fluctuating customer cash withdrawals. And that’s all well and good. But most cash is managed up to this maximum cash limit, and this is the biggest pitfall of cash management today.

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Topics: Cash Limits, Cash Management, Cash

4 Characteristics to look for in a Universal Banker

 

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Topics: Trends, Customer Service

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What is C3 Financial and How Do You Benefit?

Have you ever wondered what tools and solutions are out there to help manage branch, ATM, device and vault cash? Managing cash internally, especially when money touches so many different hands, can be difficult and unruly to handle. There has to be a better way than cash position reports and spreadsheets.

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Topics: Analytics, Cash Limits, Cash Management

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Internal Cash Studies: Doing it Yourself vs. Hiring a Professional

Branch Managers who oversee cash operations are burdened with estimating branch and ATM cash flow in order to properly service their customers. On top of that, managers must balance delivery schedules, ordering time frames and limits – all while preparing for unexpected inflows or outflows, that can happen at any time. How can you manage competing cash needs, while also addressing all the other operations of the branch?

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Topics: Branches and ATMs, Analytics, Cash Management

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The State of Cash Management in Today's Banking Environment

The aftermath of 2007 led to extreme risk aversion and excessive cash hoarding by financial institutions (FIs) over the past decade. But today’s economic, interest rate and regulatory environment is much more cheery, so FIs must get back to aggressively managing cash assets by reallocating reserves, optimizing cash holdings and boosting lending.

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Topics: Analytics, Cash Limits, Cash Management, Cash

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How to Prepare for the Repeal of Dodd-Frank

How to Prepare for the Repeal of Dodd-Frank in a Rising Interest Rate Environment With Dodd-Frank squarely on President Trump’s chopping board, and with the Fed widely expected to raise interest rates over the next three years, it’s a win-win for banks to drive-up profits. However, to come out ahead, banks will need to get smarter about freeing-up their cash as capital reserve and regulatory requirements loosen up, and use it to sharply increase lending in a rising interest rate environment. The...

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Topics: Regulations

How's Your Wife?

Around the office, our Chief Analytics Officer is known for a few sayings when describing data analysis. Every Thursday at 10:00am you will find me in front of a white board with the aforementioned Chief Analytics Officer discussing statistical analysis, probability, data distribution and methodologies of measuring risk while appreciating the havoc volatility can cause in data review. These sessions are endeavors that often leave my head spinning, but ultimately makes me reconsider how I analyze...

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Topics: Analytics

I Just Can't Get That Brand Out of My Head!

I enjoy watching movies, especially those based in a certain time period. I am always amused by the fashion choices. Whether it be the famous Guess triangle found on jeans, or the ever popular Polo pony found on Ralph Lauren clothing, company branding can be appealing and memorable. Knowing or unknowingly, we do business with the names we are familiar with, that elicit a memory. I recently purchased some items from my local grocery store and noticed the brands were all ones I remember having as ...

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Topics: Branding

Branch Transformation: 3 Questions Every Banker Must Answer

Our industry has fallen in love with the words Branch Transformation. By now you may be tired of hearing them. Before you tune them out completely, I would encourage you to take a step back and look at the bigger picture.

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Topics: Community, Branches and ATMs, Technology, Customer Service

Are You Making a Difference?

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Topics: Community