By Joseph Neu
Eliminating systems-change headaches as a roadblock for new business.
With bank counterparty concerns re-emerging, efforts by banks to ease customer switch-overs in the last 18 months may pay off in new customers. As many treasury managers know, a major roadblock to switching banks is the prospect of migrating to their systems. “It’s enough of a headache, that you want to stay with the bank you have,” one treasury manager noted at a recent NeuGroup peer meeting.