One of the persistent challenges credit unions face is managing delinquencies effectively across various loan types. Delinquency management and collections strategies are not just about recovering overdue payments but are integral to maintaining the financial [...]
As a lender, it is imperative to proactively manage the risks associated with vehicle insurance to safeguard against uninsured collateral. The average premium exceeding $1,800 annually highlights the financial strain faced by borrowers, often [...]
Class action lawsuits against large, well-known lenders are bringing increased attention to ancillary product refunds (like GAP, Tire & Wheel, and AD&D.) Despite the many challenges of managing these product refunds in-house, the [...]
Let's talk regulatory compliance. Governing bodies are cracking down on ancillary product refunds and more. Allied's Peter Krall joins us to dissect the regulations and discuss how financial institutions can keep their borrowers protected. In [...]
As a whole, people are more distracted than ever. A study in 2004 measured the average attention on a screen to be 2 ½ minutes. Some years later it was found to be 75 seconds while [...]
It’s been four years since the onset of the global pandemic and we are still feeling the economic whiplash. The result? A heightened regulatory environment around lending practices. Financial stability for borrowers has been, [...]
All aboard the payment rail express, the ride where your financial institution’s digital payments strategy determines your loss mitigation and your users’ satisfaction. Let’s take a closer look at a crucial pillar of [...]
The financial industry has been through unprecedented challenges over the past year, from economic fluctuations to inflation and interest rate hikes. As we navigate this ever-changing landscape, it's crucial for credit unions to not only [...]
The financial industry is not immune to challenges in company culture and employee retention. That's why sales coaching, leadership training and other key investments are critical to ensuring your Financial Institutions are set up for [...]
As technology advances, so do our expectations. We crave speed, immediate gratification, and instant everything (hello, video on-demand!) This new normal of instantaneous not only satisfies our inner Veruca Salt of Willy Wonka fame — “I [...]
How credit unions can combat shared branching fraud Shared branching gives credit unions a far reach, even with a smaller, targeted brick-and-mortar market. But what doors can shared branching open up for the bad actors? [...]
From AI and Analytics to Culture and more, join this episode for an in-depth look at how Financial Institutions can innovate to keep up with the latest trends. Allied Solutions' EVP and Chief Growth Officer, [...]
Employee fraud is unsettling. The headlines splash the news far and wide: “Credit union CEO imprisoned for embezzlement.” “Federal investigators say bank employees opened fake accounts for sales goals.” The cost of employee fraud is [...]
Person-to-person fraud is on the rise every day. 53% of Americans have already become victims of digital payment fraud,1 and 48% expect to be a victim of cyber scams in the future. Digital payment [...]
Even though “wonky” may not be a word you use every day, it’s one of those words that can really sum up a scenario. While “wonkonomy” [wonky + economy] may not be the most official [...]
