Episode Details

Banks can experience buyer’s remorse when they purchase costly software to upgrade their technology stack. This experience can be extremely painful as most community banks have small technology budgets to work with. Spending the bank’s budget on new technology that does not work out will most likely end up as money that cannot be recovered. This episode considers reasons why organizations regret tech purchases and offers strategies to use when purchasing new technology. This episode reviewed a blog post from PCBB titled “Avoiding tech buyer’s remove at your CFI.” A link to the blog post is included below.  

Link: Avoiding Tech Buyer’s Remorse at Your CFI