Core conversions can be challenging for community banks but there are ways to make the process painless, according to the latest Independent Banker magazine.
Independent Banker shares tips for a successful core conversion
October 07, 2024 / By ICBA
Core conversions can be challenging for community banks but there are ways to make the process painless, according to the latest Independent Banker magazine.
Core conversions can be challenging for community banks but there are ways to make the process painless, according to the latest Independent Banker magazine.
Details: More banks than ever are operating on newer cores, according to the article, and it’s helpful to start looking for a new core 18 to 24 months before the current contract is set to expire.
Tips: After deciding to convert and calculating the costs, the article suggests:
Having internal conversations with everyone who will be involved with the new core.
Thoroughly evaluating providers.
Listening to feedback from peers.
More: The October issue of Independent Banker also features articles on specialized lending, email marketing, faster payments, and cybersecurity.
Access: The magazine is available on the Independent Banker website and via the digital edition.
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