The banking industry is increasingly leveraging innovations in alternative data to underwrite loans for consumers and small businesses. This can make a significant impact in communities that Minority Depository Institutions (MDIs) and Community Development Financial [...]
Credit unions, at their core, have a strong commitment to service. But how do you scale the concept of serving your members to the broader community — even to the wider world of financial services? Our [...]
In this episode, Karrie Drobnick, Chief Operating Officer at Verve, talks about growing and rebranding their credit union to spur robust growth. She also talks about creating a new personality for the company and then [...]
Dave Girouard, Co-Founder & CEO at Upstart, believed that young people were "potential rich yet cash poor"—and that dynamic caused them to make poor financial decisions for themselves and the economy as a whole. [...]
Banks can no longer afford to play it safe when it comes to their digital capabilities. “Safe” is now risky. That’s why, in this episode, Tony Hejna, EVP, Consumer Bank Chief Credit Officer at [...]
We’ve covered a wide range of topics that are propelling change in the lending space this year — from the use of technology to policy recommendations to unexpected changes, our guests didn’t disappoint with [...]
Many credit unions offer traditionally underserved members an advantage in not just banking, but financial planning. One crucial asset they can offer is financial education, providing not only a way to manage their money but [...]
Over the past few years, the car industry has been hit by multiple disruptions due to supply-chain issues and lack of inventory. Regardless, people still are buying cars, and they’re certainly still applying for [...]
Delivering the best member service at credit unions was once totally dependent on face-to-face relationships, and while that is still important today, the digital transformation has upended what constitutes personalized service. The balance between a [...]
The lending environment in 2022 is vastly different than it was in 2019 – rising rates and inflation have made lending more expensive to consumers. However, leveraging AI and machine learning can help banks continue to [...]
Technology is transforming the banking landscape, but it is cost-prohibitive for smaller institutions and can unfortunately leave out borrowers who need access to capital the most. Recognizing that access to credit is access to opportunity, [...]
Credit Unions Optimize Strength in Lending Credit unions can’t be everything to their members, so honing in on the products you can specialize in and working with partners to do the rest makes sense. [...]
Credit unions have a unique advantage in helping members access the best possible products through a great member experience. Fintechs have a distinct advantage in cutting-edge technology and working with traditional financial partners to level [...]
Innovation is not just about adoption of technology, it’s also a change in mindset. Especially for some traditional banks that have been operating for over a decade, this mindset shift in the lending space [...]
Innovations in fintech have helped expand consumer access to credit, but the same hasn’t been true for the commercial banking industry. Lending time for middle market businesses can take up to 100 days. And [...]
