Technology, Loan Growth Remain Banks’ Greatest Areas of Opportunity in CSI’s 2015 Banking Priorities Study
10 February 2015 - 1:00AM
Business Wire
Technology provider surveys more than 200 bank
executives to uncover challenges, goals and opportunities facing
financial institutions
Technology will be a defining factor in driving growth among
financial institutions this year, according to an annual survey by
Computer Services, Inc. (CSI) (OTCQX: CSVI) on banking priorities.
CSI, a provider of end-to-end financial technology solutions, also
found through the survey that bank executives see loan growth and
interest income growth as one of the best opportunities for
increased profitability in 2015.
The results of this year’s survey, based on the responses of
more than 200 bank executives, also identify driving growth and
profitability as one of the greatest challenges for financial
institutions heading into 2015. In fact, the topic emerges
throughout the survey, making it a prominent theme for the year.
Technology also will be a defining factor in the industry, as
financial institutions adopt new platforms and make plans to
enhance their mobile and omnichannel banking opportunities.
“As trends continue to change in the industry, we make a strong
effort to keep financial institutions up-to-date on key industry
topics and economic insight through our annual banking priorities
study,” said Steve Powless, chief executive officer for CSI. “This
year’s survey strikes a positive tone regarding a variety of
industry issues, including growth, profitability and economic
conditions. However, it also reveals that such top challenges as
managing compliance, adding new technology and mitigating
cybersecurity concerns remain the same for financial institutions
in 2015.”
Key survey highlights include:
- The majority of respondents, 44.6
percent, identify branch optimization as their strategic focus in
2015. Other areas of strategic focus include mobile check capture,
EMV preparedness and mobile banking adoption.
- Seventy-five percent of those surveyed
believe that non-traditional services will have either a positive
effect or no impact on profitability. With 39.2 percent of banks
reporting that non-traditional services will have a positive impact
on their profitability, banks seem to believe that they will have a
greater opportunity to participate in such new technology as Apple
Pay to better serve their customers.
- Today, bankers remain committed to
investing in technology products and services, with a vast majority
of respondents, 65.1 percent, planning to increase their investment
in technology versus only 0.5 percent planning to decrease their
investment.
“As we move forward into the new year, we understand the
importance of creating strong goals and identifying key strategies
that ensure profitability and growth for financial institutions,”
Powless added. “CSI’s 2015 Banking Priorities Study highlights many
challenges financial institutions will have to overcome this year,
but also there are many new opportunities that can help them
accomplish their goals and achieve great success.”
A free copy of the survey report can be found at
www.csiweb.com/priorities 2015.
About Computer Services, Inc.
Computer Services, Inc. (CSI) delivers core processing, managed
services, mobile and Internet solutions, payments processing,
electronic and print distribution, and regulatory compliance
solutions to financial institutions and corporate customers across
the nation. Exceptional service, dynamic solutions and superior
results are the foundation of CSI’s reputation and have resulted in
the company’s inclusion in such top industry-wide rankings as the
FinTech 100, Talkin’ Cloud 100 and MSPmentor Top 501 Global Managed
Service Providers List. CSI’s stock is traded on OTCQX under the
symbol CSVI. For more information about CSI, visit
www.csiweb.com.
For CSIBrandon Dyce,
270-442-7361Brandon.dyce@csiweb.comorStephen Sprayberry,
678-781-7207Stephen@williammills.com
Computer Services (QX) (USOTC:CSVI)
Historical Stock Chart
From May 2024 to Jun 2024
Computer Services (QX) (USOTC:CSVI)
Historical Stock Chart
From Jun 2023 to Jun 2024