Fintechs have disrupted the status quo by offering streamlined digital solutions that challenge traditional banking models, empowering individuals and businesses with greater control over their finances and democratizing access to financial services. With a focus [...]
Lending is the lifeblood of the economy, facilitating investments, consumption and economic growth. However, lending activities are inherently tied to the prevailing economic conditions, with shifts in economic indicators impacting borrower behavior, creditworthiness and lender [...]
Money matters are top of mind for a lot of people today. Clickable economic headlines, charismatic financial influencers and the rising costs of nearly everything are definitely contributing to consumers’ increased financial anxiety. Worry often [...]
As we step into the new year, the industry is met with an elevated volume of new developments and trends that are accelerating at breathtaking speeds. Credit unions find themselves navigating a landscape shaped by [...]
Recent economic and market data tells us 2024 will bring slow but steady economic growth and possible interest rate reductions. The Fed will continue to battle inflation with a balanced approach to interest rates in [...]
The term embedded finance gets thrown around a lot. But what does it really mean? A simple definition might look something like this: the opportunity to integrate financial products and services right into the customer [...]
The severity of a liquidity crunch for digital lenders cannot be overstated, as it poses significant challenges to their operations and the broader financial ecosystem. When liquidity becomes scarce, it can lead to a vicious [...]
Credit unions have embraced technology to enhance their services and streamline operations, but it’s not without cost. While this shift has brought numerous benefits, it has also opened the door to a growing array [...]
Digital lending platforms have emerged as financial industry game-changers, revolutionizing the way people access credit. These platforms offer unprecedented convenience and accessibility, helping make loans available at the click of a button. However, as with [...]
The pandemic has reshaped every aspect of our lives, from the way we work to the way we socialize. One key takeaway from this crisis is the unpredictable nature of life and the urgent need [...]
The financial industry has witnessed a transformation with embedded insurance. This new digital approach seamlessly integrates insurance coverage into various consumer touch points. Embedded insurance has emerged as a game-changer for loan payment insurance, offering [...]
In an era dominated by digital advancements, the credit union industry may face a new and intricate battle against predatory lending. Drawing insights from actual credit union data, our goal is to shed light on [...]
What’s one of your least favorite things to do? Go to the dentist? Perhaps fly cross country in an airplane? What about buying a new car? Some may claim this as one of their [...]
Increasing economic uncertainty has triggered significant changes in consumer behavior. The far-reaching effects of the pandemic's impact on the economy have driven over 80% of consumers to adopt behavioral changes.1 These changes are a [...]
Nearly 60 percent of consumers worry about not being able to make their loan payments due to unexpected expenses. 1 This has real ramifications for credit unions. Credit unions can help provide peace of mind [...]
