Globalization May Ease Pressure on Community Banks
Community Banks can benefit from a strategy typically associated with large international entities. Best Shared Service Centers are being used by effective management teams who can problem solve their way to higher profits. These teams are using Service Centers beyond their usual capacity of high-volume transaction processing. Not only do these Service Centers reduce cost, but they can take heavily regulated processes out of a bank thereby reducing the burden of compliance and any associated time, IT and audit costs.
See the related CEB article here and for more information please contact William Bradley.