What's one of the scariest things that keeps a bank CEO up at night? Two words: data breach. PrecisionLender's Vice President of Information Security, Chris Nelms, talks with Dallas and Jess about how to ensure your company's security while working with vendors.
Jessica Stone speaks with PrecisionLender's VP of Information Security, Chris Nelms, about what you can do ensure the safety of your technology and data. Although every bank is different, your IT person will surely love you if you heed this advice.
In normal business, if you're right 95% of the time, you're a huge success. In banking, if you're only right 95% of the time, you're probably out of business.
That risk means that banks and bankers are cautious when making decisions, and for almost every bank that means decisions are ponderously slow. To the general public, that's how businesses worked last century. Banks are starting to be seen as laggards compared to some of their FinTech competitors.
Dallas talks though how your bank can start using the time tested "Scientific Method" to start picking up speed and also start making better (data driven) decisions.
Joel Rosenberg talks with Jessica Stone about the fundamental shift that is moving the world under the feet of the US banking industry.
Is the way your bank looking at Lending Club eerily reminiscent of the way GM and Ford looked at Honda in the early 1970's?