Abrigo

FEBRUARY 23, 2022

Takeaway 2 Loan decisioning allows institutions to efficiently allocate credit analysts’ time for profitable small business lending. Market Trend. A recent survey conducted by Abrigo indicated that 89% of institutions planned to increase small business lending efforts in 2022. Small business lending is a focus.

Lending 195

Lending Community Bank Community Analysis 195

PYMNTS

FEBRUARY 26, 2020

Credit unions (CUs) are performing well as the new decade dawns, with a recent study finding that CUs increased their loan originations by 29 percent from Q4 2018 to Q4 2019. Developments From Around The World Of Credit Unions. Inside One Nevada Credit Union’s Self-Service Transformation. percent in 2016.

Nevada 192

Nevada Security Innovation Data 192

PYMNTS

NOVEMBER 12, 2020

While helpful, the availability of affordable financing for SMBs is not necessarily typical of a market in which smaller firms can struggle to access funding. And when federal funding runs dry, SMBs will continue to need financing to remain viable and thrive in a post-pandemic market. The High-Risk Perception. An Optimistic Outlook.

Regulation 232

Regulation Capital Marketing Lending 232

Abrigo

JANUARY 27, 2022

Higher Fed Rates Ahead: Plan Now to Manage Impact on Deposits The Fed's signal of higher interest rates reiterates the importance of financial institution ALM and deposit management strategies, policies, and programs. . Takeaway 2 If the market trends downward for long, banks and credit unions could actually see another increase in deposits.

Strategy 195

Strategy Management Policies Lending 195

BankInovation

DECEMBER 20, 2022

Banks and credit unions will invest in their customer and member engagement offerings in 2023 as more clients desire relationship banking.

Trends 98

Trends Operations Technology Report 98

Abrigo

MARCH 15, 2022

Offering Digital Consumer and Commercial Accounts Benefits Financial Institutions Banks and credit unions that enable online/digital account opening win new customers and members and retain existing ones. . Why online/digital account opening is so popular. Digital account opening as a bridge.

Online 195

Online Lending Survey Digital Banking 195

PYMNTS

JANUARY 28, 2021

A transformation toward contactless payments is underway at the nation’s credit unions as the public shuns cash and even physical cards to lower infection risks with COVID-19. It will likely alter global markets and regulations as the financial ecosystem becomes more digitized. The High Stakes Of Offering Contactless.

Innovation 187

Innovation Millennials Payments Mobile 187

PYMNTS

SEPTEMBER 30, 2020

Close to half of the credit union (CU) executives surveyed by PYMNTS earlier in the year expected credit card processing revenues to outstrip debit in 2020. Several months down the road, it’s a very different picture, as credit tightens and debit takes on an air of frugality. The Best-Laid Plans.

Innovation 142

Innovation Cards Meeting Strategy 142

PYMNTS

FEBRUARY 26, 2020

In today’s top news, the stock market takes its biggest hit since 2015 due to mounting fears over the coronavirus, and an ex-Microsoft engineer is found guilty of stealing $10 million in digital currency. Coronavirus Decimates US Stock Market $1.7T stock market is taking a hit due to mounting fears over the coronavirus.

Nevada 142

Nevada Marketing US Payments 142

Gonzobanker

MAY 23, 2022

Banks and credit unions should be developing intentional strategies to counter the loss of overdraft fee income. Momentum is growing for banks and credit unions to eliminate or significantly reduce overdraft fees, and many institutions are hard at work planning for how to navigate this revenue transition.

Cards 121

Cards Strategy Marketing Digital Banking 121

Bobsguide

APRIL 7, 2022

April 4, 2022 – NXTsoft , a company focused on data connectivity, data analytics, data management and data migration announced plans today to accelerate adoption of leveraging APIs to automate and easily access data through a zero-integration effort called Connectivity as a Service for financial institutions and FinTechs. About NXTsoft.

Capital 146

Capital Denver Software Atlanta 146

PYMNTS

DECEMBER 27, 2019

These and other 19 th -century proto-cooperatives were the forerunners of today’s credit union (CU) community. Early innovators managed cooperatives using the same founding principle that CUs use today: members-first finance in place of indifferent, legacy-style banking. Digital Unison. A Small Change It’s Not.

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

Gonzobanker

SEPTEMBER 21, 2023

Digital: Pigskin Pick-Ups Bankjoy , a digital banking provider, had a funding round led by the Curql Collective Credit Union Service Organization. NCR announced plans to separate into two independent, publicly traded companies: NCR Voyix , focused on digital commerce, and NCR Atleos , focused on ATMs.

Fintech 103

Fintech Software Illinois Lending 103

Abrigo

OCTOBER 21, 2021

With a Fed Rate Hike Looming, Here's How to Position Your Bank or CU The timing of a rate hike by the Fed is uncertain, but credit unions and banks can act now to create increased earnings more quickly. Get the latest on how to plan for growth. Options for Using Excess Liquidity DOWNLOAD . And so, we wait.

Lending 195

Lending Strategy Trends Marketing 195

PYMNTS

NOVEMBER 24, 2020

At a time when the global pandemic and ensuing economic upheaval have blurred the boundaries between traditional means of payment, the CEO of global payment- and banking-solution provider i2c says the biggest business opportunity ahead will be in credit, with mobile becoming the biggest game-changer. All About Mobile.

Mobile 310

Mobile social media Fintech Innovation 310

PYMNTS

SEPTEMBER 23, 2019

Credit unions (CUs) are facing an ever-shifting financial services landscape. Advanced technology is increasingly raising the stakes of how CUs should operate, with members coming to expect the instant payments and slick mobile interfaces that large banks and FinTechs have made standard. percent and total deposits by 6.9

social media 157

social media Trends Michigan United States 157

Gonzobanker

DECEMBER 8, 2021

Hot embers continue to glow in the fintech market that GonzoBanker mothership Cornerstone Advisors serves. Some perspective on how fast this fintech market is moving: Fintech Labs tracks 269 $1B+ valued fintech unicorns that have been founded in just the past two decades. Bank CEOs are looking at fintech investment rounds.

Fintech 213

Fintech Los Angeles Lending Analytics 213

PYMNTS

JULY 1, 2020

Or that, on average, 15 percent of an FI’s annual operating costs go toward maintaining core banking systems that are outmoded? Many of these legacy banks are also planning to integrate AI [artificial intelligence] tools, but their reliance on outdated infrastructure could be hindering their cloud migration plans.

System 268

System Digital Banking Tools User Experience 268

PYMNTS

JANUARY 2, 2020

It wasn’t very long ago that nearly every banking-connected function required a trip to the local branch. What credit unions use APIs for is to add new functionality to [make] their existing applications seamless,” she said. Credit unions can’t sit this out, decide high-tech is not for them and expect to survive.

Innovation 142

Innovation Digital Strategies Strategy Trends 142

Gonzobanker

APRIL 8, 2020

Financial institutions must help digital-first buyers with meaningful content. As the old “why our stuff is best” sales-pitch falls on deaf ears for digital-first buyers, bank and credit union leaders have slammed into overdrive in their efforts to respond to the industry’s non-negotiable demand for entirely digital delivery.

Leadership 173

Leadership Analytics System Digital Banking 173

Gonzobanker

DECEMBER 22, 2020

Bankers started the year with good business plans, strong balance sheets, and optimism. Banks and credit unions had to fundamentally change their delivery, support and relationship management models at scopes and speeds that were unheard of. And how did community banks and credit unions respond to the COVID craziness?

Idaho 181

Idaho Community Industry Strategy 181

Gonzobanker

NOVEMBER 2, 2023

Every year, digitization further rattles the relevancy of the traditional hierarchical banking organization. To overcome the struggle, banks need to build leadership teams that align with how a future “Smarter Bank” will operate. That’s the new DNA we need to increase across the banking industry.

Leadership 158

Leadership Industry Management Resources 158

PYMNTS

SEPTEMBER 23, 2020

The San Francisco-based digital mortgage and loan platform on Wednesday (Sept. 23) announced its expansion into consumer banking to include personal loans and credit cards. Shelter in place and social distancing mandates have forced banks and other lenders to accelerate digital transformation plans from years to months.”.

San Francisco 180

San Francisco Washington Survey Data 180

PYMNTS

SEPTEMBER 15, 2020

Through these technology providers, the RTP network is ready and available today for banks and credit unions of all sizes looking to provide real-time payment capabilities to customers,” said Russ Waterhouse , executive vice president of product development and strategy at The Clearing House.

blockchain 264

blockchain Payments Survey Technology 264

PYMNTS

AUGUST 6, 2020

As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their own expertise to augment FinTech solutions. Bottomline Rolls Out Open Banking Service. Airwallex Taps Deutsche Bank.

Fintech 277

Fintech Cards Technology Samsung 277

Abrigo

MAY 11, 2020

Key Takeaways The coronavirus has propelled FIs and customers to embrace digital offerings Work from home schedules, sheltering in place, and urgent financial needs have changed customers' expectations of bank response times. COVID-19: A springboard to digital banking.

US 195

US Lending Community Technology 195

PYMNTS

JUNE 21, 2019

Consumers’ lives are becoming more digitally focused, which means it’s natural and expected that credit unions (CUs) are feeling the pressure to raise the level of their services across channels. This fact is borne by data in the latest edition of the Credit Union Tracker , a PYMNTS collaboration with PSCU , which found that 59.9

Fintech 163

Fintech Fraud Data ATM 163

Gonzobanker

DECEMBER 17, 2021

It accelerated the customer move to digital and the employees’ move to some kind of work-at-home arrangement, at least in part. And all of this made margin and fee income compression a given in planning the future business model. Making 5-year planning assumptions can feel like throwing the bones in Vegas. Bank Deal of the Year.

Fintech 147

Fintech Strategy Leadership Lending 147

PYMNTS

JUNE 12, 2020

A pair of Indonesia’s FinTechs plan to merge in a bid to challenge Gojek ’s GoPay, sources told Bloomberg. The potential union would unite Ovo , Indonesia’s giant digital payment service that is backed by Singapore’s ride-hailing giant Grab Holdings , along with Dana, Indonesia’s digital wallet platform, an Alibaba Group Holding Ltd.

Fintech 160

Fintech Payments Report Digital Banking 160

Abrigo

AUGUST 1, 2016

Data may serve as a buzzword for marketers, but it doesn’t make it any less important. Data measuring customers’ habits, likes and dislikes, is a critical tool to any marketing pro’s toolbox. Bank and credit union marketers are often in a unique position to leverage the aggregated data of their customers.

Marketing 150

Marketing Data Analysis Tools 150

PYMNTS

NOVEMBER 25, 2019

Credit unions (CUs) are unique among financial institutions (FIs) for the sense of loyalty they inspire among their members. PYMNTS’ Credit Union Innovation Index found that 65 percent of such members chose their CUs because they trusted them, for example, with 60.8 Developments From Around the World of Credit Unions.

Alaska 154

Alaska Hawaii California Analytics 154

Perficient

FEBRUARY 2, 2023

Security/Biometric Payments With the widespread popularity of digital payments continuing to grow, security remains at the forefront of concern for payment companies and their vendor partners. Successful subscription-based vendors will need to allow customers to easily pause, skip, and edit their subscription plans.

Industry 471

Industry Trends social media Payments 471

Gonzobanker

JULY 9, 2021

The fintech market is smokin’ hot right now. Banks and fintechs are in a heated mashup and seeking niches. Reminiscent of LendingClub’s acquisition of Radius Bank, we first saw fintech challengers competing with banks, then partnering with banks, and now they are becoming the banks. Fintech is no different.

Fintech 197

Fintech Lending Community Payments 197

PYMNTS

JANUARY 28, 2020

s Financial Conduct Authority (FCA) is questioning banks about a recent spike in overdraft fees, Yandex launches 15-minute grocery delivery in Moscow and Casper’s initial public offering (IPO) valuation falls short of its former $1.1 UK FCA Asks Banks To Explain High Overdraft Fees. Bank Is Doing To Drive Virtual Card Adoption.

St. Louis 131

St. Louis Payments Resources Google 131

PYMNTS

NOVEMBER 23, 2020

There’s no shortage of consulting advice and press clippings that will state the importance of actionable data for companies as a selling, operational and marketing strategy. It is an open banking platform on one level and it also is a data management platform for consumers on another. Big data, it used to be called.

Data 293

Data Innovation Big Data Marketing Strategies 293

PYMNTS

JULY 31, 2017

Is the credit union market ready for its close-up? It’s a market that is showing clear signs of growth. In fact, the federally backed National Credit Union Administration (NCUA) reported credit union membership grew by 4.3 The Shifting Credit Union Market.

Report 114

Report Innovation Regulation National 114

Abrigo

MARCH 7, 2022

Takeaway 2 Planning ahead and informing management of expected changes will help financial institutions adapt to anticipated rules and guidance. However, the panel suggested thinking and planning around AMLA requirements and informing executive management of expected changes. 2022 Regulatory Focus.

cryptocurrency 195

cryptocurrency Regulation Fraud Policies 195