Could Paring Vendors Help Banks Get an Edge on Rivals?

February. 3, 2016 - American Banker

Bankers know they should cull the vendor herd because regulators are focusing on how they manage those relationships, but doing so could also put them in a better position to compete. This predicament is common — customers are demanding better technology, but bankers are consumed with core legacy issues, including having a long list of vendors trying to bridge that gap.