When going through a core conversion pays off
Update: 2024-09-25
Description
Most bankers dread the thought of a core conversion, but once that decision is made, the process can open up new opportunities for strategic growth. On the latest episode of the ABA Banking Journal Podcast — sponsored by Alkami — Webster Five CIO Kate Megraw discusses her bank’s conversion and what she learned. Among other topics, Megraw explains:
- How a new core met the business strategy needs of Massachusetts-based Webster Five.
- The process of developing an RFP, exploring models and working with a core selection consultant.
- The role of commercial client growth in driving the need for a new core platform.
- Challenges and successes experienced in the conversion process.
Megraw will join fellow Core Platforms Committee members to discuss conversions at the ABA Annual Convention, Oct. 27-29 in New York City.
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