Download BPI Network Study

American community banks and credit unions are overpaying for core processing and IT services at a time when cutting non-interest expense is critical to survival and growth. Less Burn. More Return is a new study by the Business Performance Innovation Network that examines key challenges facing community financial institutions, including increased regulation, growing competition from large institutions, and tightening net interest margins. However, the study finds that management teams can find some relief. Institutions are reducing the cost of core services by as much as 43 percent, and by an average of 24 percent, by restructuring vendor contracts based on national pricing data.