What is SaaS and why should banks care?

SaaS cloudYou can’t swing a ledger without bumping into a SaaS solution anymore. SaaS (software as a service) has slowly taken over as the preferred way for companies to scale while not having to make huge internal investments in equipment and human resources.

The upside of doing it yourself is that you get to have total control. The downside of doing it yourself is that you have total responsibility for it 24/7.

The biggest reason much of corporate America is moving to a cloud-based, SaaS solution for so many of their systems is that it allows them to concentrate more on their core business, and let best-of-breed software companies support them.

For banks specifically, the idea of having a team of software developers, ux designers and developers, software architects, database administrators and support for every piece of technology in use can quickly turn your banking organization into a software company that just happens to specialize in banking applications.

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Aligning Pricing Tactics with Your Bank’s Overall Strategy

follow the leader ducklings

Dallas Wells recently spoke on the importance of aligning pricing with your banks overall strategy. He hits on a few of the big concerns almost every banker has when they deploy something new. For PrecisionLender, that means a pricing solution, but … [Continue reading]

How to Determine the Capital Calculation in PrecisionLender

credit risk migration worksheet

The PrecisionLender solution is a RAROC based tool, where risk adjusted net income is divided by risk adjusted capital. We use the simplified term ROE (return on equity) to indicate that ratio. The numerator is the after tax net income generated … [Continue reading]

5 Ways To Build Stronger Relationships

Mad Men's Don Draper hugging

In several of our recent episodes, we've talked about digging into the PrecisionLender data set, and some of the insights that have come from that. Today, we're going to take a little bit different approach. In addition to our software solution … [Continue reading]

What $11 Billion/Month Tells Us

Whiteboard writing

In this episode, I'll be talking about what we're learning from looking at the data from the $11 Billion dollars in loans and deposits that go through the PrecisionLender system each month. What do the numbers tell us? What intuitive conclusions … [Continue reading]