Banks & Lenders

THE BENEFITS

Technology in banking is a way of increasing a regulated lender’s revenues and product offerings – bringing old systems into completely new technologies that provide opportunities for new products. Recent reports find that technology transformations by community banks and regulated lenders such as CDFIs have led to enhanced loan volume and performance, retention, and deposits.

THE COSTS

Thriving amid new and changing regulatory barriers, keeping up with emerging technology competitors, and meeting changing customer demand, all while aiming to build up communities and reduce systemic barriers to acquiring loans, are some of the challenges at the top of bank executives’ minds.

Many traditional community, regional and local banks facing this challenge simply lack the budget/time to explore, develop and maintain technological innovation.

In today’s digital economy, it is critical that banks either undergo digital transformation (difficult), or partner with a tech team to extend budget.

THE OPPORTUNITY

By working with a technology advisory team such as Conscious Markets that is well seasoned in bank investor strategy and considerations of bank investors, as well as the considerations of technology and bank executives, banks have the opportunity to better serve the underbanked, improve banker productivity and return on equity, and leverage data and analytics to deliver customized, personalized banking experiences.

Conscious Markets takes a unique approach to helping banks with digital transformation through a thorough strategic analysis that includes financial and operational considerations. We consult with your IT team and management to identify revenue-generating and cost-saving opportunities possible through the right technology. As your advisor, we organize your technology back office and bring in vendors or the perfect solutions from start to finish.