Banking Transformed with Jim Marous

Hidden Costs of Wrong Vendor Selection


Listen Later

Every week, we hear another story: A major bank's mobile app crashes during peak hours with no vendor support in sight. A credit union's core system update goes sideways, leaving customers locked out for days. A regional bank discovers that their "24/7 support" actually means "leave a voicemail and we'll get back to you Tuesday."

Here's the brutal truth most banking executives learn too late: You're not just buying a solution – you're buying a relationship that could either supercharge your institution or slowly strangle it. While your procurement team obsesses over features and price tags, the real question that will determine your success or failure is this: When everything goes wrong at 2 AM on a Friday, who's actually going to answer the phone?

I'm joined on the Banking Transformed podcast by Jennifer Gibson, VP of Sales for Primax, who has a front-row seat to both sides of this equation. Jennifer is here to reveal the hidden warning signs that separate true partners from mere sales pitches, the questions banks should be asking but rarely do, and why the most expensive mistake you can make is choosing the cheapest vendor.



This episode of Banking Transformed is sponsored by Primax

Primax provides community banks with an expansive array of value-added services and customizable solutions to help profitably grow their portfolios and deliver an unparalleled experience to cardholders. With a longstanding commitment to service excellence, Primax has been designing and providing support services for payment card programs for financial institutions throughout the U.S. and the Caribbean for over 40 years.

Visit www.primax.us/ for more information


...more
View all episodesView all episodes
Download on the App Store

Banking Transformed with Jim MarousBy Evergreen Podcasts

  • 4.7
  • 4.7
  • 4.7
  • 4.7
  • 4.7

4.7

83 ratings


More shows like Banking Transformed with Jim Marous

View all
WSJ Your Money Briefing by The Wall Street Journal

WSJ Your Money Briefing

1,720 Listeners

We Study Billionaires - The Investor’s Podcast Network by The Investor's Podcast Network

We Study Billionaires - The Investor’s Podcast Network

3,385 Listeners

Exchanges by Goldman Sachs

Exchanges

973 Listeners

The McKinsey Podcast by McKinsey & Company

The McKinsey Podcast

391 Listeners

WSJ Tech News Briefing by The Wall Street Journal

WSJ Tech News Briefing

1,640 Listeners

Fintech Insider Podcast by 11:FS by 11:FS

Fintech Insider Podcast by 11:FS

179 Listeners

Capital Allocators – Inside the Institutional Investment Industry by Ted Seides – Allocator and Asset Management Expert

Capital Allocators – Inside the Institutional Investment Industry

797 Listeners

Masters of Scale by WaitWhat

Masters of Scale

3,992 Listeners

I've Heard That Song Before by Evergreen Podcasts

I've Heard That Song Before

15 Listeners

Wall Street Breakfast by Seeking Alpha

Wall Street Breakfast

1,041 Listeners

Big Audacious Idea by Evergreen Podcasts

Big Audacious Idea

15 Listeners

The Sound of Movies by Evergreen Podcasts

The Sound of Movies

8 Listeners

Inside the Strategy Room by McKinsey & Company

Inside the Strategy Room

169 Listeners

Cheer: A Holiday Podcast by Evergreen Podcasts

Cheer: A Holiday Podcast

11 Listeners

Making Sense by J.P. Morgan

Making Sense

61 Listeners

Thoughts on the Market by Morgan Stanley

Thoughts on the Market

1,307 Listeners

The RR Show | Reddit Stories Narrated by Reddit Readings

The RR Show | Reddit Stories Narrated

387 Listeners

Behind the Doc by Evergreen Podcasts

Behind the Doc

13 Listeners

The Memo by Howard Marks by Oaktree Capital Management

The Memo by Howard Marks

446 Listeners

Weddings Unveiled with Leah Haslage by Evergreen Podcasts

Weddings Unveiled with Leah Haslage

12 Listeners

Press Box Access: A Sports History Podcast by Evergreen Podcasts

Press Box Access: A Sports History Podcast

59 Listeners

Cult Brand Secrets by Evergreen Podcasts | The Gathering

Cult Brand Secrets

1 Listeners

Moody's Talks - Inside Economics by Moody's Analytics

Moody's Talks - Inside Economics

316 Listeners

Crime Capsule by Evergreen Podcasts | Killer Podcasts

Crime Capsule

23 Listeners

Black & White with Stephen Dorsey by Evergreen Podcasts

Black & White with Stephen Dorsey

3 Listeners

How Music Can Save Your Life by Evergreen Podcasts

How Music Can Save Your Life

8 Listeners

The Markets by Goldman Sachs

The Markets

74 Listeners

Pit Pass F1 by Evergreen Podcasts

Pit Pass F1

12 Listeners

A Very Fine House by Evergreen Podcasts

A Very Fine House

16 Listeners

Hardly Working by Hardly Working

Hardly Working

5 Listeners

Litigate with Insight: The LMI Podcast by Evergreen Podcasts

Litigate with Insight: The LMI Podcast

0 Listeners

The Weekly Money Clip by Evergreen Podcasts | CrossCheck Media

The Weekly Money Clip

0 Listeners

Pit Pass NASCAR by Evergreen Podcasts

Pit Pass NASCAR

4 Listeners

Passions & Prologues by Evergreen Podcasts

Passions & Prologues

28 Listeners

The Things I Thought About When My Body Was Trying to Kill Me by Evergreen Podcasts

The Things I Thought About When My Body Was Trying to Kill Me

24 Listeners