We had a great time at the Nebraska Bankers Association Bank Technology Conference last week. We got the chance to connect with financial organizations across the state of Nebraska that want to prioritize their technology and implement it in the right ways to drive business success.
To assess what kind of role IT plays across various organizations, Five Nines developed an IT Assessment Quiz that users could take at the Bank Technology Conference.
IT ASSESSMENT QUIZ
This assessment was implemented to help organizations analyze their own IT environments.
Based on the results, we discovered that 81% of participants have experienced trends such as:
Their IT still tends to be an afterthought for compliance rather than an intentional business unit.
Many organizations prioritize backwards, from the “requirements” and compliance audit, back to the day to day operations of the bank, giving temporary blindness to the inefficiencies or deficiencies that impact the front line employees the most.
The landscape for smaller community banks continues to put increased pressure on their employees. Many of which are assigned formal roles on paper, but lack the time or expertise to drive that area of focus operationally.