Like many financial institution executives this time of year, we at BSG Financial Group have recently participated in numerous industry trade shows and conferences.
In a two-month period beginning in August, we exhibited at or participated in a plethora of conferences, including those sponsored by the Financial Managers Society (FMS), Association for Financial Technology (AFT), Virginia Association of Community Banks, the Bank CEO Network Conference, Jack Henry Banking... to name a few.
Attending these events is very important to us, as they connect us with customers and potential customers alike. More importantly, they give us an opportunity to learn first-hand the most pressing challenges for financial institutions, while validating and ensuring that we offer the programs and services to effectively address these concerns.
Listed below are three of the top challenges that financial institutions face—as told to us by financial executives at these recent conferences—as well as our responses/solutions: