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BID Newsletters
Dec 2, 2022
The concept of cold calling has fallen out of favor. But there is a way to use the phone for sales prospecting that may be more acceptable. It is called “warm calling,” and it could help your CFI generate new sales and profits.
Apr 20, 2022
The decline of checks has been happening for years. But, with the explosion of digital payments during the pandemic, will checking accounts cease to exist? We explore this topic further and provide community financial institutions with four approaches to keep checking accounts relevant for their customers.
Mar 14, 2022
With interest rates set to rise in the coming months, some banking customers may be tempted to shop around for the best deals. Effective customer profitability analysis allows community financial institutions to better retain and target new customers, while increasing overall customer profitability. We share some lessons from institutions that have successfully implemented these models along with three ways to increase customer profitability.
Dec 22, 2021
Cryptocurrencies continue to impact the financial industry. Some traditional financial institutions are more game than others to test the waters. But, one thing seems clear — cryptocurrencies are here to stay. We provide you with the latest update, including results seen at a community financial institution and the latest in regulatory guidance.
Aug 17, 2021
Community financial institutions are buying nonbanks more than ever. With the global fintech market growing to $143B this year and several financial advisors looking to sell, there is a rich field to choose from. We explore some of the reasons your peers are purchasing nonbanks and what to look out for, if you consider going down this path as well.