Waiting for Winter: Embrace Operational Efficiency Strategies in the Strong Times to Prepare for Any Market Scenario

• Mar 1, 2020
• By Mary Ann O'Brien

The classic Aesop fable, ?The Grasshopper and the Ant,? tells the centuries old tale of a grasshopper who refuses to plan for winter during the easy days of summer. In contrast, the ants spend the summer gathering food and ensuring they were prepared when the weather turned. As the cold winds of winter blow in and the food disappears, the hungry grasshopper resorts to begging the ants for food. For financial services leaders, a decade of a growing economy and digital transformation has left many banks in stronger financial positions. While financial services leaders have invested in new technologies, many of their current operational practices began as a result of the 2008 recession. Refreshing their strategic approach to operational efficiency can provide financial institutions with a...

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