It's a golden rule we are all taught: Better to be safe than sorry.
Perhaps a parent at some point passed along this wisdom when you were a kid and the thought came flooding in when you were climbing a tree one afternoon. While on your path to the top, you come across a dead branch: "Well, it would certainly cut down time to make the leap. However, it could be a fatal move."
It's consequential to know the risks before you pursue an obstacle. This logic could be applied to all areas of the spectrum, including banks or credit unions. With the world spinning so fast and technology growing at a rapid rate, one must know the risk of every branch we grab during our climb.
To Michael Glotz, Chief Executive Officer and Founding Partner of Strategic Risk Associates (SRA), "one mistake can be critical."
During this week's episode of the Bank Marketing Podcast, Glotz shares his wisdom and expertise to help those who may not be consciously aware of the risk landscape. It's all too easy to become comfortable with the current flow of things ("No problems thus far. Why bother?"), but you never know when you might grab the wrong branch. Absorb Glotz's words that have over 30 years of experience to back them and consider Risk Management.
Visit link for show notes: https://brandmybank.com/the-importance-of-risk-management-for-banks-cus