Latest opinions that George Ravich has shared on Finextra

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George Ravich

President

Ravco Marketing, LLC

Member since

20 Jan 2008

Location

Wilton

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George's opinions

The Digital Big Dig Connecting Investment in Channels with Investment in Back Office

An IDC report released last week cited what may seem like a staggering number – that banks are forecasted to spend $16.6 billion on digital transformation initiatives this year. Additionally, by 2019, one third of IT budgets at US banks will be dedicated to achieving digital transformation, a CAGR of 10.4%. This may seem like an astounding number ...

13 July 2015 Transaction Banking

The way to corporate banking customers' hearts? Go mobile!

By offering mobile banking services, banks can encourage their small business customers to upgrade from low-margin retail banking platforms to a higher-margin, higher-value cash management platform. For years, banks have been seeking the answer to the pressing question: how can they convert their small business customers from low-margin retail bank...

03 June 2011 /payments

Transaction banking: monetising the data goldmine

Lowly transaction banking – that backwater business that revolves around processing transactions –has only recently begun to receive proper recognition as a major contributor to the bottom line. Having produced steady growth and profits throughout the past several years it may just become a strategic asset for banks. With low risk and high return

14 September 2010 /payments /sibos Transaction Banking

Corporate Treasury - The New Reality

Has there ever been a better time to be a bean counter? Those who count the cash have seen their status in the organization soar to new heights as liquidity has become as important as the latest expansion strategy or marketing initiative. With credit lines constricted, cash isn't just king – it's God! So what should treasurers do about it? I thi...

12 July 2010 /payments /wholesale Transaction Banking

Digging for Gold - Winning in Transaction Banking

At the recent NEACH Payments Insights conference it was interesting to find an audience gripped by two strong emotions – excitement and fear. The excitement was about new opportunities in transaction banking and how the emerging generation of customer will drive change. And the fear? Disintermediation by fierce competition from new market entrants...

16 November 2009 /payments /wholesale Transaction Banking

SibosEye-Opener: Why Can't a Payment be More Like a FedEx?

Sibos was once again a hectic, frenetic week of meetings and eye-opening conversations. Fundtech was fortunate to announce BofA as its first customer for its new SOA payments platform. The explanation by Cindy Murray – EVP of Innovation at BofA of how they plan to use this new technology was worth repeating. As Cindy explained it: When you send ...

25 September 2009 /payments /wholesale Transaction Banking

A silver lining with a smile?

Of course the silver lining had to show up at some point – at our recent US client conference, we surveyed 80 mid-sized US banks and 75% agreed that the credit crunch is presenting real and “unprecedented” opportunities for transaction banking business growth. That’s a strong rallying call and perhaps not entirely surprising when we have seen the ...

06 August 2009 /payments /sibos Transaction Banking