How will banks successfully allocate capital and manage risk as interest rates rise, markets become more volatile, and trends like next-generation payments continue to disrupt financial services?
ConnectOne Bank has an unequivocal answer: cloud services. The regional bank is more scalable and is operating a lean IT team as it competes with larger competitors—all while staying on top of regulatory and technological changes with automated software updates.
ConnectOne Bank Fast Facts
Community bank with $5 billion in assets
Growing rapidly in the ultracompetitive New York-New Jersey region
Efficiency ratio: 33% higher than average
Adopting cloud services allowed ConnectOne Bank to:
Cut 7 days from monthly closing
Save weeks on regulatory reporting
Speed up audits by 10%, saving thousands of dollars annually in auditor fees
Ramp up scalability
Technology has been the greatest leveler of the playing field. Today, we can pretty much bring to the competitive battlefield the same weaponry that the largest companies would have at their disposal.”
Learn more about how ConnectOne Bank is using cloud services to thrive amidst industry disruption. Download the research report: Intelligent Finance: How CFOs Can Lead the Coming Productivity Boom.