Competency-based reviews help you evaluate and guide interviewees and current employees to focus on their strengths and help address their weaknesses. Performance appraisals are a great way to evaluate how employees operate within your business and give them the guidance they need to improve their performance. As a manager, competency evaluation can be a powerful… Read more
Growing loans is the primary means by which bank executives improve revenue. However, if a bank’s process is inefficient, commercial lending can have the opposite effect. With the current competitive lending environment, banks need to seek out opportunities to provide faster and more efficient service. While technology has helped with the process in terms of… Read more
In banks and other financial institutions, trade operations both facilitate and oversee daily transactions. They’re also responsible for executing trades and keeping customer records. Amidst these duties, trade operations teams are also tasked with navigating the modern trade and commerce environment which is becoming increasingly global. According to the World Trade Organization, about 80% of… Read more
The administrative process behind collecting interest, principal, and escrow payments can be hectic and counterproductive when it’s not handled properly. To make customers happy, the process of requesting, disbursing, and repaying a loan needs to be smooth and streamlined. The loan servicing team is responsible for collecting monthly payments, sending monthly statements, maintaining records of… Read more
Loan operations are an integral part of the revenue for a banking system. It’s imperative that organizations dedicate sufficient time to improve this aspect of the operation. By taking advantage of new technologies, fintech companies are helping improve lending and operational efficiency in the banking sector. Loans operations include all the processes involved between the… Read more
Employee performance review is an essential part of any organization. Companies conduct reviews to establish an open and transparent dialogue with the employees and instill a performance culture in the organization. Employee performance review is often a task that both employees and their managers take up as a duty, and not out of liking. It… Read more
Table of Contents: Introduction What Does a Continuous Performance Management System Mean? What are the Benefits of a Continuous Performance Management System? Introducing Continuous Performance Management System to Your Organization How do you Implement a Continuous Performance Management System? Continuous Performance Management System in a Nutshell 6 Top Performing Performance Management Tools Frequently Asked Questions… Read more
50 Examples of employee evaluation comments that boost performance – Download PDF Here It’s not surprising that performance evaluations are anxiety-inducing for almost every employee and manager. This anxiety can, understandably, lead to a drop in performance during the performance review period, often resulting in missed deadlines, reduced productivity, and a drop in employee wellbeing…. Read more
The demand for business banking services is on the rise in the U.S. Small and medium-sized businesses (SMBs) represent one-fifth of global banking revenues, generating around $850 billion of annual revenue for banks, and there are no signs of them slowing down. With domestic banks facing increasing competition from international banks and other institutions, their… Read more
According to Pablo Sanchez, the regional head of retail banking and wealth management at HSBC, the unsecured personal loan market in the U.S. is increasing by 20% each year. There are millions of consumers who need loans for a variety of reasons including expenses, home improvement, and debt consolidation. By the end of 2020, unsecured… Read more
Setting goals is an important practice in any organization. It’s an essential part of the performance management process and is used to achieve business objectives. It helps boost performance, for when you have something to aim for, it helps you prioritize and focus. A goal must answer the who, what, when, where, why, and how… Read more
In order for banks and financial institutions to improve their organizations as a whole, they need to focus on improving their transaction processing and support. Transaction processing is a type of computer processing that indicates the bank needs to immediately respond to a customer’s request. Each request is considered a transaction. A good example of… Read more