The financial services sector is undergoing a transformative shift, marked by an ever-increasing push towards digitalization. This move isn't just about adopting new technologies; it's about fundamentally altering how credit unions engage with their members, [...]
In an era where artificial intelligence (AI) is set to redefine the contours of banking, credit unions find themselves at a crossroads. The potential of generative AI (GenAI) to enhance aspects from member service to [...]
October 2023 marked the end of a more than three-year pause on federally-backed student loan payments, and millions of Americans are now navigating a new financial landscape. This resumption, amidst record-high inflation impacting essential costs [...]
What does your onboarding experience look like before your account holder reaches your digital banking solution? If the ideal onboarding of new account holders and originating new accounts could be summed up in one word [...]
Over the next ten years, the United States will experience an immense transfer of wealth from older Americans to largely Millennials, Generation Z (Gen Z), and Generation X (Gen X). $16 trillion to be exact. [...]
The year is winding down and the holidays are finally here! Along with being the season of good cheer, it's also the tail end of yearly marketing budgets for most everyone in the financial industry. [...]
In 2022 alone, banks issued 680,000 reports of check fraud to the Financial Crimes Enforcement Network (FinCEN) — an increase of 94 percent over the previous year. How does check fraud happen? And, what is [...]
In this day and age, most business leaders recognize that their data is among their most valuable assets. For financial institutions, data can provide strategic insights to support a variety of important business functions across [...]
It’s a general industry understanding that some small business operators prefer to utilize a consumer account over a business specific product. Their assumed rationale being the complexity of signing up, they are too small, [...]
It seems every year the banking industry must plan to overcome “something,” and that “something” often seems like it is too daunting of a task, and much more extreme than that previous year’s “something.” [...]
Technology for the financial sector is innovating at a feverish pace, changing how credit unions operate and serve their members. It's creating opportunities for them to transform their offerings while also deepening relationships with existing [...]
CUInsight Publisher & CEO Lauren Culp is joined by Deep Varma, CTO at Alkami for a quick interview with just 3 questions about about TechFin and technology… Three questions: (0:32) What is a TechFin? [...]
Between the on-again, off-again recession, inflation, increasing fraud, rising interest rates, student loans coming due for the first time since the pandemic, worldwide disasters driving up prices like gas and groceries — it has been a [...]
Facing rising interest rates, financial institutions have shifted their efforts from lending to deposits. Meanwhile, the market has become increasingly saturated with attractive offers and flashy interest rates. Neobanks are leading the charge with intuitive [...]
Today’s financial consumers live in a world where their personal finances are digitized and at their disposal 24/7. They can digitally open and fund savings accounts or investment accounts, instantly move money, view [...]
