I spent 3 days with my team in Turkey and INSISTED that no one open their laptops.

by Brian Pillmore | Jun 9, 2023 | Brian's Blog

I wanted 3 days of us simply being together. We could talk about technical things,Discuss ongoing projects,And do work-related things, But there were no laptops and no deep work. No coding, no designing user interfaces, no spreadsheets. Instead, we were in various...

Adapting to new tech is crucial for smaller banks to keep up.

by Brian Pillmore | Jun 8, 2023 | Brian's Blog

Just 1 problem: Many of them don’t have the teams and technical knowledge to implement these changes. They could hire someone to do it for them, or even build a new team. But would this actually help long-term?Or are you just dying a slower death? You’re already...

If Asset Liability Committees met more frequently, not only would they be able to better manage liquidity and risk, they could even improve overall bank operations.

by Brian Pillmore | Jun 7, 2023 | Brian's Blog

The first step to having weekly meetings instead of quarterly would have to be to create an effective dashboard giving deep insight on the liquidity situation for the bank. Simply looking at this on a weekly basis would give the bank a much better pulse on how the...

ALCO meetings shouldn’t be quarterly.They shouldn’t even be monthly.And they definitely shouldn’t be run by the board.

by Brian Pillmore | Jun 6, 2023 | Brian's Blog

The Asset Liability Committee needs to be a management-level committee, and they need to meet weekly. Especially in unstable economic times like these,A quarterly meeting to manage liquidity does almost nothing. Situations change quickly. Banks need to give themselves...

How I would handle the implementation of a major API as a bank leader, knowing it would significantly change the roles of many of my employees:

by Brian Pillmore | Jun 3, 2023 | Brian's Blog

1/ Get out in front of it. Word will spread quickly if something like this is on the horizon. Rumors will spread, and most of them won’t be accurate. Don’t let that happen. Get out in front and let all of your employees know well in advance that major changes are...

The commoditization of core banking functions is NOT causing layoffs.

by Brian Pillmore | Jun 3, 2023 | Brian's Blog

It’s simply giving time back to employees in order for them to do higher leverage work. With the vast improvements in AI and tech in general, there is growing risk of jobs being automated. And it makes sense to think that tellers and other bank employees would be...