Statement from the CEO
While there still remains plenty of uncertainty in the financial services industry, it appears the worst of it is behind us. The recession seems to have peaked and we are seeing early signs that things are improving. All that said, the soon to be announced regulation regarding NSF/OD fees will have material implications on the industry and will likely shake up both the products banks and non-banks provide and the industry as a whole.
As always, with change comes opportunity. CAST has been working very closely with our clients to map out strategies for success moving forward. Working with 3rd party solution providers, we are not just crafting plans but also developing solutions, products and tools to execute on these opportunities. The winners will be those that execute quickly and well and we will continue to partner with our clients to position them for success.
We at CAST are thankful and appreciative that our clients continue to value our expertise and are enjoying a very busy 2010. Our challenges will continue to be finding bright talented individuals who share our values and our commitment to client service. By growing and expanding our offerings we will be ideally positioned to be as successful as the clients we serve.