Tagged: credit unions

Fintech Platform MeridianLink Selected by Credit Union to Enhance Loan Origination System

MeridianLink, Inc. (NYSE: MLNK), a provider of modern software platforms for financial institutions and consumer reporting agencies, announced that A+ Federal Credit Union has selected MeridianLink® to update its loan origination system, “leveraging the Company’s multi-product platform, MeridianLink One.” The credit union already “uses MeridianLink… Read More

KlariVis, a Banking Data Analytics Fintech, Introduces New Product Features

As part of its ongoing commitment to help community banks and credit unions harness the power of their data, KlariVis, a key player focused on optimizing banking data analytics,  announced a new product and several features. KlariVis continues to set the standard “for enterprise business… Read More

Australia: Mutual Banks, Building Societies, Credit Unions Significantly Increased Total Assets – Report

Australia’s mutual banks, building societies and credit unions (the “Mutuals”) increased total assets by 2.5 percent to $163.1 billion in the 2023 financial year, “compared to last year’s 8.4 percent jump (to $159.1 billion).” At the same time, overall operating profits before tax increased “by… Read More

Fintech Greenlight Introduces Credit Union Service Organization and Investment from Curql

Greenlight Financial Technology, Inc., the fintech company on a mission to help parents raise financially smart kids, announced that it has formed a Credit Union Service Organization, Greenlight Financial CUSO, in order “to better serve and support credit unions, their members, and families nationwide.” Through… Read More

CFPB Issues Guidance to Prevent Large Banks from Charging “Illegal” Junk Fees for Basic Services

The Consumer Financial Protection Bureau (CFPB) issued an advisory opinion regarding a provision enacted by Congress that generally prohibits large banks and credit unions from imposing unreasonable obstacles on customers, “such as charging excessive fees, for basic information about their own accounts.” Under a 2010… Read More

Fintech Platform TruStage Introduces Digital Lending Insurance Product

TruStage, an insurance, investment and technology provider, built on years of experience providing payment protection solutions to credit unions, announced the availability of its newest lending solution–Payment Guard Insurance. The Payment Guard product is a key innovation in the digital lending / insurance space. It… Read More

Auto Financing: Consumers Continue to Prefer Shorter-Term Loans, Experian Report Claims

A new Experian report shows consumers are continuing to opt for shorter term loans. In the second quarter of 2023, captives reportedly “regained the lion’s share of total vehicle financing, outpacing banks and credit unions.” According to Experian’s State of the Automotive Finance Market Report:… Read More

Member Driven Technologies (MDT) Helps Credit Unions with Increasing Efficiencies, Enhancing Member Service

Member Driven Technologies (MDT), a CUSO that hosts the Symitar core processing system from Jack Henry to provide a private cloud alternative for core processing and IT needs, announced “that Great NorthWest FCU, Sentry Credit Union, Georgetown Kraft Credit Union, Peoples Federal Credit Union and… Read More

Eltropy Video Banking Helps InRoads Credit Union to Combat Fraudulent Activities

InRoads Credit Union, which claims to be a leader in innovative member experiences and an Eltropy customer, recently shared that by leveraging Eltropy‘s Video Banking solution, the Portland, Ore.-based credit union “achieved a 0% fraud rate, effectively safeguarding members and defeating fraudulent impersonations.” Kim Preston,… Read More

Fraud Prevention: Financial Institutions Combat Fraudulent Activities with Video Verify from Eltropy

Credit unions and community banks, facing a surge in sophisticated fraud along with the challenge of protecting their members’ personal information, are “taking proactive steps to combat this alarming trend.” As the financial industry grapples with increasing fraud threats, community financial institutions (CFIs) are “turning… Read More

Fintech Firm Backbase, Entrust to Enable Apple Pay, Google Pay for Financial Institutions

Backbase, the Engagement Banking leader, is bringing additional convenience to bank customers and credit union members with features from the Entrust Digital Card Solution. Leveraging push provisioning from Entrust, Backbase now “enables end customers to securely add their payment cards to third-party wallets like Apple… Read More

Digital Banking Fintech Bankjoy Unveils New Business 2.0 Platform

Bankjoy, a digital banking provider, has launched Business Banking 2.0, which features new product and service enhancements designed to help banks and credit unions better serve businesses across their local communities. Bankjoy announced “the launch of Business Banking 2.0 at Corelation’s 12th Annual Client Conference… Read More

Cyprus Credit Union Chooses Eltropy as Its Digital Conversations Platform

Eltropy, the digital conversations platform for community financial institutions, is excited to announce that Cyprus Credit Union has chosen Eltropy as its new partner to modernize the credit union’s digital communication strategy. Ashish Garg, co-founder and CEO of Eltropy, said: “We’re thrilled to welcome Cyprus… Read More

AI-Powered Network from Pagaya Facilitates Credit Union’s Access to Capital from Alternative Investment Firms

Pagaya Technologies LTD. (NASDAQ: PGY), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, announced a partnership with a group of alternative investment firms – Angelo Gordon, ATLAS SP Partners, and Värde Partners – to provide funding for a multi-billion dollar credit… Read More

CMFG Ventures Invests in DataVisor to Support Expansion into Credit Union Market

CMFG Ventures, the venture capital arm of CUNA Mutual Group, has announced a strategic investment in DataVisor, a global firm focused on online fraud detection and risk management for financial services and ecommerce, as they expand their services into the credit union market. Credit unions… Read More

Video Banking: Eltropy, the Digital Conversations Platform for Financial Institutions, Adds Fraud Prevention Capability

Eltropy, the digital conversations platform for community financial institutions, announced it has added new use cases – including fraud prevention – and new deployment models for its Video Banking technology, “enabling community banks and credit unions (CFIs) to offer branch-like experiences to their customers and… Read More

Fintech NYMBUS Receives Investment from Curql Collective, a Credit Union Service Organization

NYMBUS, a provider of financial technology solutions, is pleased to announce substantial strategic investments from Curql Collective, a Credit Union Service Organization (CUSO) driving financial technology innovation for credit unions, “via its flagship Curql Fund and Reseda Group, a wholly owned CUSO of MSU Federal… Read More

Fintech Torpago Introduces Credit Card Program for Community Banks, Credit Unions

Torpago, a modern business credit card and spend management platform provider, today launched Powered By, a private label credit card program that will “allow community banks and credit unions to launch their own fully branded, end-to-end corporate credit card product and accompanying spend management platform.”… Read More

Half of Australians to Switch Banks for Competitive Interest Rates, Backbase Research Claims

Backbase, which claims to be the global leader in Engagement Banking, has released a new report titled, “Banking Disruption: Australians’ Shift in Focus towards Credit Unions, Mutuals and Second Tier Banks”, which highlights the ways Australians are engaging with the top 10 banks online and… Read More

Banking Tech Provider Nymbus, Vantage West Credit Union to Launch Digital Financial Solution

NYMBUS, a provider of banking technology solutions, announced Vantage West Credit Union has chosen its Launch product “to deliver a niche financial brand that is primed to reach new Member segments and grow revenue that it can reinvest back into the communities they serve.” Arizona-based… Read More

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