Optimization: an act, process, or methodology of making something (as a design, system, or decision) as fully perfect, functional, or effective as possible. A recent financial industry study presented by Accenture, discussed a 15-20% reduction [...]
As an attempt to motivate Americans to “set a goal, make a plan, and save automatically,” America Saves and the American Savings Education Council designate a week each year to promote saving. Called America Saves [...]
by: Peter Keers Big Data and Analytics lessons for credit unions can come from some unlikely sources. Consider the contest between U.S. and European weather-prediction models. The European Centre for Medium-Range Weather Forecasts (ECMWF) [...]
by: Mark Komnik Does your credit union have the necessary resources needed to resume business operations in the event of a disruption or disaster? Disaster Recovery Plans will vary from institution to institution, but these [...]
“The wisdom of life consists in the elimination of non-essentials.” - Lin Yutang The above quote starts chapter one in Greg McKeowan’s book Essentialism. While the book deals more with how you handle your [...]
by: Wendy Blaeser By now only the truly clueless have missed the polar shift that’s taking place in the banking industry, as your account holders are increasingly choosing digital channels for interacting with their [...]
by: Henry Meier Yes we can and it’s the most important metric that the Fed will look at as it moves closer to a likely decision to start raising short-term interest rates by the [...]
With yesterday's news of Samsung acquiring LoopPay to battle Apple Pay, the timing of this post couldn't have been any better. This acquisition news continues to display the mobile payments market heating up like a [...]
It’s funny (but not in a ha-ha way) how far-reaching the effects of the Durbin Amendment are for consumers, who largely know very little (if anything) about the legislation. One such example was the [...]
On the whole, credit unions are well known for taking care of not only their members, but their employees, too. There are all sorts of reasons for that, of course, with one of them being [...]
Names mean things. Words mean things. And in a world where the only sure thing seems like constant change, sometimes the names of corporate entities have to change to keep up with the times. Famous [...]
What do all these smartphones mean for branch delivery? by: Suzi McNicholas It is clear that now, more than ever, today’s consumers are heavily influenced by technology that is simple, cool and connected. Take [...]
by: Amanda Lowery You’ve spent months (maybe years) aggressively courting members in their prime borrowing years to offset your credit union’s aging Baby Boomer population. You’ve run promotions, offered incentives, competed on [...]
Many credit union management teams are considering changes to their mobile platform, home banking, loan origination system (LOS) and/or account opening system (AOS). The following are just a few (of many) tips to consider: [...]
by: Jason Vitug As a millennial, I know we have lots in common with our grandparents. Our grandparents wanted simplicity, trustworthiness and personal connection when dealing with their finances. Millennials are no different, except we [...]
