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Branch Cash Management Software + Devices = Successful Branch Transformation

Mar 28, 2019 | logicpath

When people think about branch transformation, they think of the addition of new technology, devices and universal bankers or the restructuring of the branch layout. However, there is one piece of technology that is neglected in a branch transformation strategy, or is put off until a later date: branch cash management software.

Topics: Cash Management, Branch Transformation

What is the Impact of Disclosure with Deposit Reclassification?

Dec 20, 2018 | logicpath

Most financial institutions’ terms and conditions require notification to current customers about any changes to their account, including the reclassifying of funds into savings and checking sub-accounts, also known as Deposit Reclassification.

Topics: Deposit Reclassification

Four Places Your Branch May be Stockpiling Excess Cash

Oct 11, 2018 | logicpath

Whether a financial institution has 10 branches, or more than 100; they all face similar challenges when it comes to branch cash management. My colleague previously discussed that banks and credit unions shouldn’t fear running out of cash. However, there are many reasons a branch might feel the need to keep more cash-on-hand then they need, or in some cases they may not be aware of where the excess cash is.

Topics: Cash Management

Why Deposit Reclassification is Important to Financial Institutions

Aug 2, 2018 | logicpath

A financial institution’s main goal, like most businesses, is to increase efficiency and profitability, and one of those ways is to minimize non-interest bearing and low-earning assets. A large low-earning asset for most institutions is its Federal Reserve balance due to Reserve Requirements. Deposit Reclassification is important to community banks and credit unions, especially in a rising interest rate market, because it allows you to reclaim your Federal Reserve balance, and invest that money ...

Topics: Deposit Reclassification, Retail Sweep Program, Federal Reserve Balance

Top 5 Mistakes of Branch Transformation

May 17, 2018 | logicpath

Faced with changing customer preferences, especially from millennials and Generation-Xers who make up America’s largest demographic, banks and credit unions are keen to transform their branches from traditional to newer models that incorporate the delicate balance between high tech and high touch (see 100% Branchless Banking – Myth or Reality?). But successful branch transformations aren’t easily accomplished. Here’s why:

Topics: Branch Transformation

5 Warning Signs of Poor Branch Cash Management

Mar 15, 2018 | logicpath

Most retail operations and branch managers at banks and credit unions believe that they are doing a good job of managing cash. While they may admit to some room for improvement (nobody’s perfect, right?!), many don’t believe that tweaking their branch cash management practices would significantly improve the branch’s operations or profitability. As a result, many branches operate under the myth that they are doing a good job of managing cash. However, here are five warning signs that might revea...

Topics: Cash Management

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

Jun 29, 2017 | logicpath

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?

Topics: Branches and ATMs, Analytics, Cash Management

What to Expect when Expecting an Interest Rate Increase

Jun 17, 2015 | logicpath

Will they or won’t they? We’ve been hearing that the Federal Reserve is going to increase rates for nearly a year now, which reminds me of a story read to me as a child. “The Fed! The Fed! The Fed is raising the rate!”

Topics: Banking Products, Interest Rates

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