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Description
“Core Conversion” may be the two scariest words amongst bank and credit union executives and staff members. When Core Conversions go awry, customer or member service can suffer, clients often depart, employees quit and a financial institution’s reputation can be damaged for years.
Our webcast will explore how to successfully convert to a new core provider and avoid a potential conversion meltdown. ICI leadership will talk about strategies and tactics that other banks and credit unions are utilizing to cost effectively implement a new Core Processing solution and ancillary systems. The webcast will assist the audience in implementing best practices, while identifying the pitfalls before they become huge problems. Additionally, we hope to ease, or alleviate, fears and concerns associated with core conversions.
Tangible benefits for attendees:
- Identify the best practices other financial institutions are using in successful core conversions.
- Recognize the common problems that cause implementation time frames to become elongated or even trigger conversion failures.
- Help ensure your staff members are properly trained and prepared for the core conversion.
Webcast Attendees will learn:
- What strategies will guarantee your financial institution can cost-effectively convert to a new core platform?
- What common problems will cause implementation timeframes to become elongated or even trigger conversion failures?
- What strategies will help to make sure your staff members are properly trained and prepared for the core conversion?
- What is needed to develop maintenance and technical support procedures in preparation for conversion?
- Where do some banks and credit unions fail when converting to a new core provider?
Audience
This session is appropriate for Bank and Credit Union Executives who are responsible for their organization’s Core Conversion projects and overall strategy.
Following in his father’s footsteps, Mike is a lifelong banker. With over 25 years of experience, Mike spent the first 8 years of his career as a commercial and agricultural loan officer with two Kansas banks. From there, Mike moved to DCI, a regional core provider, where he progressed to VP of Sales and Marketing before joining an early-stage company helping de novo banks open in a paperless environment. Mike then spent 10 years at Finastra and its predecessors, where he was responsible for core sales and strategy as well as negotiating contracts for banks and credit unions moving to Finastra. Mike has assisted in well over 250 core evaluations during his career and takes pride in his collaborative, transparent approach while finding a solution to best meet the financial institution’s needs.
