Archive for Tips for Bankers

Financial Technology – Banking’s Friend or Foe?

Financial Technology – Banking’s Friend or Foe?

Financial technology (fintech) is an emerging industry utilizing innovation and technology to participate in the delivery of financial services. According to an Accenture study, investment in financial technology increased from $930 million in 2008 to more than $12 billion in 2014. Please like & share:

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How Can an Outsourced CFO Help Bankers Close More Loans?

How Can an Outsourced CFO Help Bankers Close More Loans?

The Loan Request As a Banker, you routinely have customers who come to you with a loan request. Frequently, that request is verbal and comes more in the form of a question…”I’m thinking of doing this or my business needs that and I’m going to need a loan—will the bank lend me the money?” This sets in motion a process where you attempt to more fully understand your customer’s need, the company’s ability to generate […]

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4 Warning Signs That Your Customer Needs an Outsourced CFO

4 Warning Signs That Your Customer Needs an Outsourced CFO

In today’s competitive banking market, successful bankers strive to develop a very close relationship with each of their customers. Frequently the customer is too busy to meet with their banker. In those instances where access is somewhat limited, what signs can you look for to help you gauge the health of your customer’s business and whether or not that customer may need the assistance of an outsourced CFO? BeaconCFO Plus believes there are 4 signs […]

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Why Part-Time CFO Services Are Critical to a Banker’s Success

Why Part-Time CFO Services Are Critical to a Banker’s Success

When a part-time CFO is engaged by a company, he/she immediately looks to build strong relationships with outside professional service providers. Early on, the CFO will reach out to the banker who is providing services to the company. What should your response be to the call from the CFO? Common Issues Bankers See with Their Customers and Prospects Let’s first look at the issues you are likely seeing at the company. Most bankers tell us […]

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