PNC’s Paula Fryland is home. A year ago she was transferred back to the Delaware Valley to work her magic as President of the Philadelphia and South Jersey region. In her crystal ball Fryland sees more advanced technology via easily accessible mobile apps as the future in her industry. “Consumers want convenience, to be able to bank at all times in all places. Quickly disappearing are the days of visiting a branch, using an ATM or being chained to a laptop to do your banking” asserted Fryland. Statistics bear her out, 50% of transactions are now being done online and increasing at a rate of 10% each year.
Fryland will be JBN’s guest speaker on July 15, 2015, at noon, Temple University Center City Campus, located at 1515 Market Street. She will be discussing some of the latest PNC’s tools to help small business owners. She is particularly excited about PNC Cash Flow, and Wealth Insight programs. These two apps assist in the ability to manage receipts and revenues in real time through an online spread sheet and make it possible to deposit checks via your smart phone and a scanner.
In more good news for entrepreneurs interest rates are still low and Fryland does not anticipate that changing. “Outlook for long term rates is still moderate, meaning there will only be a gradual rise over time. The economy is gaining strength and we have more supply than demand so now is the perfect time to borrow money to expand or develop your business” added Fryland.
The PNC executive also wants area residents to know that PNC is their ‘hometown’ bank, operating locally for more than 30 years. In that time it has grown by leaps and bounds. According to experts PNC has tripled in size in the last 10 years with assets over 300 Billion. To give back and to bolster its connection to the community, the bank contributes to among other charitable endeavors: Arts Alive, Dilworth Park and the Philadelphia Free Library’s Literacy project. For Fryland these are as important as any at PNC because as she puts it, it doesn’t take a seer to realize that contented customers are what keeps a bank strong.