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Article: Is imaging technology for processing deposited checks cost-effective for community banks? (survey of community bankers) (Management Strategies: Using Technology to Increase Profits)
- Article from:
- American Banker
- Article date:
- April 26, 1993
CopyrightCOPYRIGHT 1993 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M. ARTHUR GILLIS
President
Computer Based Solutions Inc
New Orleans
I think that imaging technology for Community banks is not cost-effective yet.
The proof-of-deposit systems we have for small banks - and by that I mean banks under $250 million in assets - are not bad. They are not archaic. By contrast, whenever I talk to a banking client about loan origination software, I highly recommend it. Because that's going from the antiquated to the sophisticated. Without loan software, you're still hand-typing documents, which is very archaic.
But as for proof-of-deposit imaging, those changes are ...