In June of 2021, the Federal Financial Institutions Examination Council released an updated technology handbook that focuses on architecture, infrastructure and operations. The “Architecture, Infrastructure, and Operations” booklet (referred to as AIO) is one of [...]
You woke up this morning in the future. You probably didn’t think much about it because human nature, as is most business nature, is to focus on the here and now—the near term. [...]
There’s a great line in the movie The Princess Bride: “You keep using that word. I do not think it means what you think it means.” “Inconceivable” is the word the movie character was [...]
There’s probably nothing a CEO, executive or HR leader would pay more for than an accurate and reliable picture of what is to come. While I can’t provide you with a perfect glimpse [...]
You’ve likely seen Apple’s recent ads touting its privacy options and the ability for consumers to choose who tracks their data. And, as a consumer, you’ve probably felt just like Felix in [...]
Employee engagement and culture are important issues for any organization and are especially significant for credit unions, where ethics are already the “raison d’etre.” Giving employees the opportunity to be engaged at credit unions [...]
Credit unions have been interested in working with fintech providers for quite some time. However, lingering concerns that fintechs, aka “digital disruptors,” would create more competition for traditional financial services providers made them hesitant. Then [...]
The phrase “data center of excellence” has been known to strike fear in the hearts of many. That’s because it conjures up nightmarish visions of the most dreaded of analytics maturity projects—data governance. [...]
In the past, I’ve joked about seeing myself as an amateur economist. I’ve also joked about how I’ve predicted seven of the last three recessions. Being an amateur economist, however, does have [...]
Every year, Jack Henry surveys hundreds of financial institution decision-makers about their strategic priorities and technology plans. When asked about open banking, 55% of respondents to the 2021 survey said it wasn’t on their [...]
Thank you for tuning in to episode 19 of The CUInsight Network, with your host, Lauren Culp, Publisher & CEO of CUInsight.com. In The CUInsight Network, we take a deeper dive with the thought [...]
In 2020, most Securities and Exchange Commission-filing institutions were required to move to the new current expected credit loss, or CECL, model. Following the 2007-2008 financial crisis, the CECL model aimed to provide more timely [...]
In research about the cost of “people problems” published in Harvard Business Review in 2016, Tanya Menon and Leigh Thompson report that “executives estimated wasting an average of $7,227.07 per line item per [...]
Many organizations around the country are finding it challenging to hire excellent, committed employees. A record number of employees have quit their jobs in the past six months. In the past year, many women have [...]
Ever had one of those moments where you can’t believe the statement of bias you just heard—but you feel unsure about how to respond? I was heartened to learn from taking the “Diversity, [...]
