This past week global hotel chain Marriott International (500 million) and Quora (100 million), one of the largest Q&A internet portals, announced security breaches compromised their data. How should users…
Like most consumers, credit union members are increasingly shifting to online channels to shop for the holidays. That’s according to an analysis of CO-OP credit union members’ credit and debit…
One of the biggest ways FinTech firms have been able to gain a competitive edge on traditional banks, for small business (SMB) customers, is through relationship-building. Banks are shuttering their…
Running a small businesses can be tough. Between staffing, compliance, policy creation, managing payroll, financial reports, and the 2,000 other things you have on your plate, sometimes the time you…
As I was listening to the eulogies for President Bush last night, I couldn’t help but notice how often I heard words like loyalty, decency, public service, leadership, competitiveness humorand…
The recent discovery of one of the largest data breaches in history adds to a laundry list of breaches at major corporationsjust this year. In an anxious attempt to protect…
Senate Majority Leader Mitch McConnell (R-Ky.) announced the Senate will vote Thursday on the nomination of Kathy Kraninger to lead the Bureau of Consumer Financial Protection. Kraninger was nominated to…
NAFCU lobbyists remain active on Capitol Hill as the House and Senate are expected to take action on a number of key items in the coming days, including legislation to…
As we head into colder weather, we can expect shorter days and a multitude of industry tradeshows. These tradeshows and events can be valuable tools for educational opportunities, networking with…
Fred Lizotte believes it’s important to not only understand where you’ve come from, but also what role credit unions will play for tomorrow’s members. As the business intelligence manager for…
Facebook Inc. wielded user data like a bargaining chip, providing access when that sharing might encourage people to spend more time on the social network — and imposing strict limits…
Raise your hand if your credit union is using data. WOW! Like 85% of you! (I have great virtual vision). Now, how many of you know why you are using…
“We’ll never get another dog.” Those were the words my wife and I shared after our two Cavalier King Charles Spaniels passed away earlier this year. As you can imagine,…
The holiday season is in full swing and consumers are flooding the internet, local department stores and shopping malls in search of the perfect gifts for family and friends. While…
There’s a lot of noise in high places. Senior executives are asking questions. They’re demanding answers. What are they talking about? Digital transformation. It’s important, because Europe is currently operating…
The FICO score has a long and well-established history as a key metric in the determination of credit-worthiness. The FICO score has the power to influence whether a person can…
Nominations are being accepted for eight open director positions on CUNA’s board of directors. The following positions are open for nomination. District 2--Delaware, District of Columbia, Indiana, Kentucky, Maryland, Ohio,…
Following last week's news of a four-year-long breach of Marriott International's Starwood guest reservation system (one of the largest of all time), KrebsOnSecurity has notified the public of another security…
The 2018 hurricane season produced yet another round of devastating weather for parts of the continental U.S. This past fall, Hurricanes Florence and Michael came ashore in the Carolinas and…
Cheryl Doss has been called a “dream builder.” When asked about her day-to-day responsibilities, she says that they entail “making dreams come true,” adding, “Who wouldn’t want to go to…
New alliances and acquisitions in the fintech world would appear to have at least some influence on credit union members when it comes to payment processing, onboarding, voice banking and…
An Automated Valuation Model, or more commonly known as an AVM, is a program that automatically analyzes various data points to produce an estimate on the current value of a…
Federal financial regulators, including the NCUA, recently issued a joint statement encouraging banks and credit unions to “consider, evaluate and where appropriate responsibly implement innovative approaches” to meet their BSA…
Whether they realize it or not, every financial institution is now a data company. Data is the lifeblood of digital organizations — critical to understanding consumers so you can improve…