Tag: Productivity

Bank Worker Productivity and The Technology Imperative

Bank technology investment
BANK TECHNOLOGY INVESTMENT

Back in the 1980s, there were more banks, smaller banks, and little technology. We were still driving checks around, there was no online banking, and networked ATMs was the latest in bank technology. At the time, the rule of thumb for bankers was that each bank employee produced about $20,000 of operating profit per year. Since each bank had about 100 employees, operating profit was about $2mm per community bank. In this article, we look at how this equation has changed and what it means for the future.

 

Here Is Why Banking Will Be Partially About Voice

Voice Recognition In Banking

One of the things we have been experimenting with is inputting loan credit information using voice recognition. So far, it is equal to typing in terms of effort and speed, but that will change in the next year when it will become faster to use voice. As mobile and desktop computers become quicker and recognition algorithms become more accurate, speaking commands will become easier than typing for more complicated tasks.

Subscribe to Tag: Productivity