According to the Pew Research Center, about half of lower-income Americans report household job or wage loss due to COVID-19. Young adults were disproportionately at risk of job losses from COVID-19, as were the least [...]
Overdraft has always been a valuable service to consumers, even pre-crisis, and it will continue to provide value post-crisis for consumers who need to rely on this protection more than ever. As consumers across the [...]
In a blow to our economy unlike anything we’ve seen before, spending has plummeted across all payment methods and has impacted nearly every category, except for necessities such as groceries. Most financial institutions are [...]
In response to the unprecedented COVID-19 pandemic and subsequent CARES Act, the rate of adoption and utilization of digital lending technology on behalf of borrowers and lenders has increased dramatically. Look no further than the [...]
On March 26, 2020, the five primary federal financial regulators issued a joint statement encouraging banks, savings associations and credit unions to offer responsible small-dollar loans to consumers and small businesses in response to COVID-19. [...]
Is your credit union offering only static, one-size-fits-all overdraft limits? Giving every member the same overdraft limit means you’re working with an UNMANAGED program and limiting your ability to manage charge offs and address [...]
If your credit union is using only traditional underwriting methods, chances are that you’re limiting your lending potential. The use of alternative data in underwriting opens credit avenues for members and small businesses that [...]
On March 26, 2020, the five primary federal financial regulators issued a joint statement encouraging banks, savings associations and credit unions to offer responsible small-dollar loans to consumers and small businesses in response to COVID-19. [...]
In response to strong market demand, Velocity Solutions, LLC, the leading provider of revenue enhancement solutions to regional and community financial institutions, unveiled a new website and digital marketing campaign for its Akouba digital lending [...]
March 4, 2019 Velocity Solutions, LLC, the leading provider of revenue enhancement solutions to regional and community financial institutions, announced capacity attendance for its Velocity Executive Summit in Charleston, S.C., at the Belmond Charleston [...]
Velocity Solutions, LLC, the leading provider of revenue enhancement solutions to regional and community financial institutions, announced that Jeff Harper has been named as the new Director of Strategic Sales for Velocity Solutions. An experienced [...]
Velocity Solutions, LLC, the leading provider of revenue enhancement solutions to regional and community financial institutions, announced that the latest updates to its Intelligent Limit System® (ILS), the industry-leading overdraft management solution, are now available. [...]
Velocity Solutions, LLC, the leading provider of revenue enhancement solutions to regional and community financial institutions, through a subsidiary, has completed the acquisition of CourtesyConnect®/CourtesyLimit™, the automated overdraft management system provided by CourtesyCloud Management [...]
Velocity Solutions, LLC, through a subsidiary, has completed the acquisition of substantially all the assets of Akouba Inc., a white label SaaS-based digital lending platform that enables financial institutions to underwrite loans quickly, efficiently, and [...]
