Tag: Competition

Why You Are Watching The Wrong Lending Competitors

Credit management - graphic of man looking through binoculars
CREDIT MANAGEMENT

No doubt, you hear all about how your competitors are winning deals because they are more aggressive when it comes to underwriting. While banks must always ask if they are taking the right risks and the right amount of risk, it is probably the competitors that you are not watching that is causing you the greatest risk. In this short article, we explore one often overlooked aspect of competitor surveillance and how this one technique can help protect your bank.

 

Better Understanding Your Bank Competitors

Competitive Positioning

Knowing who your competition is, what they are offering, their delivery channels and service levels can help community banks differentiate their services and enhance their competitive advantage.  Understanding the competitive banking landscape helps community banks set proper pricing, effectively respond to rival marketing, and compete more effectively.  Analyzing the competition can also help a bank be realistic about which products it can sell and at what price.

Survey Results: Here Is How Bankers Will Compete In The Future [Free eBook]

Bank Competition In The Future and Fintech

Last month we, along with CS Consulting Group and the Banking Exchange, asked bankers to complete the survey on their current challenges and what tactics they are employing to overcome those challenges. An overwhelming 79% of bankers expressed a need to find new strategies, lines of business, methods, or a transformation of their business model, to better compete going forward. While banking faces many challenges, the survey results show that bankers have a clear view of the future and a plan for how to get there.

How Competitive Is Your Banking Market?

How Competitive Is Your Bank Market

We visit hundreds of banks every month across the country and the most common statement that we hear from bankers is this “We are in the most competitive banking region in the country.” While banking, and specifically lending, is highly competitive with pricing and credit structure under pressure across the country, which banking region is the most competitive?  In this article, we look at the data for over 900 Metropolitan Statistical Areas (MSAs) to see which areas

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