How Inventory Errors Hurt Your Financial Institution

Cash Management | Supply Chain Management

May 27, 2021

As we often say, it is important to think of your cash like a grocery store would think of a box of cereal, such as Cornflakes… they’re both inventory and should be treated the same way. Having too much or too little inventory can be detrimental to your customers and your financial institution. However, inventory errors can and do occur, which create waste in the cash ordering process within your bank or credit union.

Top FAQ on Deposit Reclassification - Part 2

Deposit Reclassification

Jan 10, 2019

Deposit Reclassification is the process of reclassifying transaction accounts into sub-checking and sub-savings accounts. In this FAQ, I answer what threshold percentages are, and how Deposit Reclassification impacts call reporting and peer-to-peer review.

What is the Impact of Fintech Charters on Community Banks and Credit Unions?

Regulations | FinTech

Aug 23, 2018

The Office of the Comptroller of the Currency (OCC) announced the approval of the national fintech charter. The OCC’s decision is based on government efforts to promote economic growth, and support innovation that improves financial services to customers, businesses and communities.

Top 4 Financial Apps Customers Love

Jul 5, 2018

Fintechs continue to rise in popularity, but they don't have to be the bad guys. In fact, many financial institutions are leveraging fintech technology and partnerships to help create a better, more customized experience for customers. Here are the top four apps customers are loving right now.

The Fear of “Running Out of Cash” is an Illusion

Vault Cash | Cash Usage

May 10, 2018

Every responsible branch manager strives to satisfy his/her customers’ banking needs, especially when it comes to their demands for cash. Not being able to fulfill a customer’s request for cash at a bank or credit union branch is probably every head teller’s nightmare!

Top Four Underlying Costs of Branch Cash Management

Oct 26, 2017

Cash is the lifeblood of a financial institution.There are 4 underlying costs of cash related to poor cash management and logistics that need to be understood.