Safe Systems Releases New White Paper: “2019 IT Outlook for Community Banking”
Insights into IT priorities, challenges for community financial institutions in 2019
Alpharetta, Ga., February 4, 2018 – Safe Systems, a national provider of fully-compliant IT and security services for community banks and credit unions, today published a free white paper, “2019 IT Outlook for Community Banking,” which is now available for download on its website. The white paper is based on results from a survey of more than 150 community financial institutions, representing a range of community banks and credit unions with asset sizes from less than $100 million to more than $1 billion.
The data reinforces that community financial institutions continue to recognize the importance of using technology in the current banking environment and remain committed to investing in new technologies and services as needs evolve. Additional key survey highlights include:
- 75% of survey respondents claim their technology spending has increased in the past 18 months;
- 58% of respondents claim that the risk assessment is the most concerning area during an exam;
- 55% of survey respondents identified customer satisfaction and/or market needs as the main drivers for technology investment in 2019;
- 45% of respondents have between 100-200 devices connected to their network and 17% have more than 200 devices connected; and
42% of respondents claim that limited personnel resources is now a top challenge, which is higher than past years.
“Our third annual ‘IT Outlook for Community Banking Report’ provides primary research and analysis of community financial institutions’ IT Priorities in 2019 based on valuable information from their peers in the industry,” said Darren Bridges, president of Safe Systems. “This report helps them prepare for the year ahead and understand the best tools to address IT challenges, achieve strategic goals, and create new opportunities for growth.”
To gain more insight into the key challenges, goals and opportunities facing community banks and credit unions today, please download the full report here.
About Safe Systems
Safe Systems was founded in 1993 to provide compliance-centric IT and security solutions exclusively to financial institutions. The company has become one of the leaders in the industry, managing hundreds of financial institutions representing more than $61 billion in combined assets, 1,100 locations and more than 20,000 network devices. Safe Systems’ IT network management services are the bridge between the core and other third-party applications. These cost effective solutions include IT support and managed services, internal network/cloud design and installation, hosted email, business continuity and disaster recovery, compliance consulting, security services, and IT and compliance training. Safe Systems helps financial institutions to significantly decrease costs, increase performance, and improve their compliance posture. For additional information about Safe Systems, Inc., please visit www.safesystems.com or call 877.752.0550.