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 [...]
Financial technology, or fintech, is one of the fastest-growing industries in the world, forever transforming the way consumers interact with their credit unions. Thanks to the explosion of apps and online solutions these tech firms [...]
According to leading economic indicators in June 2019, the US economy is doing well. It has steady growth, low unemployment, and little inflation¹. In fact, June marks the 10th straight year of a growing economy², [...]
Despite a record-low 3.8 percent unemployment rate, American consumers still have difficulty meeting immediate and emergency living expenses. The demand for short-term liquidity is, in fact, staggering with 78 percent of consumers living paycheck [...]
It’s no secret that Big Data is more than just a buzzword these days. According to Jim Marous, CEO and Editor of The Financial Brand, customer data is the driving force behind almost every [...]
The need for financial institutions to adopt digital lending technology, especially for consumer and small- to medium-size business loans, has been well-documented in recent years. The threat to financial institutions from non-bank digital lenders is [...]
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 [...]
Velocity Solutions has been named Allied Solutions’ 2017 Partner of the Year. Allied Solutions created this prestigious award several years ago to recognize its top partners for significant efforts that contribute to the overall success [...]
