Discover the latest in marketplace trends, challenges and opportunities impacting the financial service industry and how they can influence your business and strategy.
The back-end benefit of cloud based solutions for credit unions
The beauty of nearly all SaaS solutions is agility and the ability to scale (both up and down as business and market realities dictate). SaaS models can adapt much more quickly than their on-premise counterparts — an essential capability today as rapidly changing market dynamics force faster evolution.
Shining a light on members' investment needs
Having a disciplined plan in place and planning for success, while being able to adapt to the changing world we live in and adjust as needed, works. It starts by treating the program as core. When you adopt a thoughtful, disciplined approach to growth, it pays dividends in terms of helping members achieve their goals while helping you deliver on your mission.
Ransomware attacks continue as predominant cyber issue
As ransomware tools and deployment methods advance, criminal groups will continue to launch more targeted attack campaigns resulting in increased paid ransom demands and more negative impact to credit unions’ reputation and bottom-line
What’s impacting your auto lending business?
Despite the short-term disruption of COVID-19, we expect auto loans to remain a significant component of credit union loan portfolios over the medium term and for the foreseeable future. Credit unions should use these implications and trends to prepare for a future where auto loans and related services truly advance member well-being, improve members’ transportation options, attract new members, and form lasting, meaningful member relationships — all while diversifying loan portfolios.