PYMNTS

JULY 18, 2019

Data is where it’s at, and more credit unions (CUs) are waking up to the fact that without sophisticated analysis of customer data, they risk being left behind as financial institutions continue to adopt innovative digital technologies to please the modern consumer. Credit Cards. Investment Trends.

Credit Union 49

Credit Union Innovation Credit Cards Online and Mobile Banking 49

PYMNTS

JANUARY 29, 2018

The global financial crisis in 2008 was, in many ways, a catalyst to this innovation, especially in the area of small business (SMB) finance, as banks pulled their services away from SMBs and FinTechs stepped in to offer another option. Credit unions cannot invest more than 12.25

Credit Union 46

Credit Union Small Business Non-Bank Origination 46

PYMNTS

APRIL 23, 2020

“As credit unions help their members manage through the current COVID-19 crisis, it’s more important than ever for CUSOs like PSCU to partner with credit unions to help them and their members weather the storm of uncertainty,” PSCU EVP and Chief Operating Officer Tom Gandre told PYMNTS. and global economies.

Credit Union 63

Credit Union Credit Union Service Organization Business Continuity Fraud Detection 63

PYMNTS

SEPTEMBER 24, 2020

smaller community banks and credit unions (CUs) stepped up to the plate and, according to the Small Business Association (SBA), ended up facilitating more than half of PPP loan volume to SMBs. That's good news for community banks and credit unions, which could see a wave of new SMB customers and members in the coming months.

Credit Union 77

Credit Union Small Business Community Banks Volume 77

PYMNTS

MAY 15, 2018

are defaulting on subprime auto loans at a higher rate than during the financial crisis in 2008. The default rate during the 2008 financial crisis was around 5 percent. ABS is a fraction of the total auto credit market, which is mainly funded on balance sheets,” Wells Fargo analyst John McElravey said in an interview.

Credit Union 54

Credit Union Volume Origination Finance 54

PYMNTS

APRIL 21, 2020

In an interview with Karen Webster, Chuck Fagan, president and CEO of PSCU , a credit union service organization (CUSO), said that the impact to consumer spending will be prolonged, but the recovery will be swift and sharp — depending on where you look. Overall credit card spend was down 29.9 What’s Different This Time?

Consumer 67

Consumer Credit Union Credit Cards Debit Card 67

PYMNTS

SEPTEMBER 20, 2017

For credit unions , the formula seems to be slightly different, although there’s still a decidedly human element to staying in business and helping members maintain financial health. Founded in 1935, BECU began as a credit union for employees of the Boeing Company aircraft manufacturing firm. It all starts with listening.

Credit Union 49

Credit Union FinTech Non-Bank Innovation 49

PYMNTS

JULY 20, 2016

The vast majority of United States senators have penned a letter urging the CFPB to let community banks and credit unions live free from additional regulations. “We request that the CFPB carefully tailor its regulations to match the unique nature of community banks and credit unions,” the letter stated.

CFPB 40

CFPB Credit Union Community Banks Underwriting 40

PYMNTS

APRIL 24, 2017

The Dodd-Frank Wall Street and Consumer Protection Act was supposed to prevent another 2008 banking meltdown — and solve the problem of “too big to fail.” Since the passage of Dodd-Frank, over 1,700 U.S. banks have disappeared. Since the passage of Dodd-Frank, over 1,700 U.S. banks have disappeared.

FFIEC 42

FFIEC Credit Union Fed Regulations 42

PYMNTS

JULY 18, 2018

Credit unions help their members through a long list of life’s most cherished events, from saving for college to buying a home or other long-term financial goals. The credit union recently launched its Pathways to Rebuilding Lives (PRL) program, designed to address the needs of members impacted by lava flows.

Credit Union 40

Credit Union Assessments Addressing Economy 40

PYMNTS

JANUARY 30, 2019

recently debuted the Mule Insights Tactical Solution (MITS), a new product that tracks fraudulent transactions for bank and credit union accounts, and helps financial institutions (FIs) meet AML and KYC requirements. In the U.K., for example, financial services firm Pay.UK Deep Dive: The Trouble With Existing AML/KYC Rules.

AML 68

AML Money Laundering Authentication Blockchain 68

PYMNTS

MAY 22, 2018

Deregulations for smaller banks and credit unions could theoretically lead to more innovation — a topic that was the focus of the latest PYMNTS Innovation Readiness Playbook.

Regulations 40

Regulations Credit Union Community Banks FDIC 40

Fintech Labs Insights

AUGUST 23, 2024

The credit union industry has dedicated conferences for just about every function. Take a look at our curated list of the top events for credit union technologists, product managers, developers, marketers and as well as the C-Suite and even directors. It’s very refreshing.

Credit Union 15

Credit Union NOV NACHA Audit 15

PYMNTS

FEBRUARY 4, 2019

Banks, credit unions and other financial institutions have a significant responsibility, one that goes far beyond managing customers’ financial assets: They’re tasked with safeguarding the financial services ecosystem against bad actors, money launderers and other criminals.

AML 64

AML Money Laundering Due Diligence Fincen 64

Finovate

JULY 23, 2024

. “By providing tailored loan options based on real-time credit profiles, we’re not just streamlining the lending process – we’re creating a more transparent, empowering financial journey for consumers while driving growth for our partners.” The company’s solutions integrate with over 40 U.S.

Automation 52

Automation Consumer Alerts Credit Union On-Demand 52

PYMNTS

SEPTEMBER 25, 2017

According to a Reuters news report, the consumer finance watchdog, created after the 2008 financial crisis, will utilize the wide-ranging powers it has used with Wall Street to come down on Equifax. The Federal Trade Commission and the Department of Justice are already investigating the cyberattack.

CFPB 46

CFPB UDAAP Federal Trade Commission Breach 46

PYMNTS

JUNE 18, 2018

Biz2Credit’s latest Small Business Lending Index found that loan approval rates at alternative lenders stagnated – and at credit unions, they actually fell. SMBs since the 2008 financial recession. Loan approvals for small business borrowers in the U.S. hit a new peak last month, according to Biz2Credit research.

Small Business 44

Small Business Credit Union Community Banks Caps 44

PYMNTS

MARCH 15, 2018

Sarah Huckabee Sanders, the White House press secretary, was pleased with the result: “The bill provides much-needed relief from the Dodd-Frank Act for thousands of community banks and credit unions and will spur lending and economic growth without creating risks to the financial system,” she said.

Regulations 53

Regulations Credit Union Rules Origination 53

Segpay

JUNE 13, 2024

Since its launch in July last year, about 700 banks and credit unions have joined the FedNow network, and this list is expected to grow as the Fed seeks 8,000 financial institutions. Accessibility: Available to all banks and credit unions. Interoperability: Designed to work alongside existing payment systems.

FedNow 52

FedNow Federal Reserve Real Time Payments Instant Payments 52

PYMNTS

FEBRUARY 4, 2019

launched its own Faster Payments Service in 2008. Community banks and credit unions also offered their backing. This rapid expansion is fueling predictions that the global real-time payments market will rise from a value of $6.8 billion in 2018 to $26.9 billion by 2023 — a CAGR of 30.9 Demand for these services is high.

Faster Payments 73

Faster Payments Federal Reserve Real Time Payments TCH 73

PYMNTS

AUGUST 20, 2020

Small banks and credit unions (CUs) have been hit hard, experiencing losses of 4.5 The 2008 recession resulted in government regulators tightening the standards for creditworthiness, increasing the amount of checks that lenders must undergo to approve loans. Fraud targeting SMB lenders has increased by 7.3

FinTech 71

FinTech Risk Government Governance 71

PYMNTS

MAY 30, 2018

” While Ohio voters overwhelmingly upheld a 2008 law aimed to regulate the industry and limit interest rates to 28 percent, lenders have been able to get around the regulation by registering under other state lending laws. . “Our preference is they would pass a bill that would address these measures.

FBI 40

FBI Credit Union Laws Caps 40

The Fintech Times

OCTOBER 10, 2024

Meanwhile, only 10 per cent had access to financial services from other formal means like credit unions, insurance, microfinance, and mobile money. In fact, according to the Lowy Institute ‘s Pacific Aid Map , no other economy in the world was as impacted by development assistance.

Financial Inclusion 52

Financial Inclusion FinTech Credit Union Economy 52

Fintech Labs Insights

SEPTEMBER 9, 2014

Ever since the financial debacle of 2008, it''s been harder for consumers to establish their first credit account. Therefore, with no credit history or score, it becomes even harder to get credit. That''s created a Catch-22 around new credit that Denver-based startup Self Lender looks to address.

Credit Union 25

Credit Union FDIC Debit Card ACH 25

PYMNTS

MAY 29, 2020

Credit unions (CUs) are upgrading their automated teller machines (ATMs) to offer a broad array of banking services from loan applications to account transfers and beyond in the hopes that having more versatile ATMs will be able to meet the needs of their members as brick-and-mortar branches stay shuttered.

ATM 52

ATM Innovation API Credit Union 52

PYMNTS

MAY 22, 2018

By comparison, the default rate during the 2008 financial crisis was around 5 percent. The volume of bond sales backed by these loans is not likely change, since banks and credit unions don’t turn most of their loans into securities. Lenders are reportedly stepping back in an attempt to get the market under control.

Credit Cards 43

Credit Cards Underwriting Credit Union Card Issuer 43

Fintech Labs Insights

MAY 12, 2025

Please contact us to add your event. Please contact us to add your event. Please contact us to add your event. Some events pay referral or listing fees, which could impact positioning.

FinTech 28

FinTech Best Practices Credit Union NOV 28

Fintech Labs Insights

AUGUST 12, 2015

With more than 100 issued and pending patents and customers including two of the top 10 credit unions in the U.S., Founded in 2004 and headquartered in Portland, Oregon, Tyfone demonstrated its Mobile Contactless Payments with Memory Card solution at FinovateSpring 2008 in San Francisco.

Credit Union 24

Credit Union Contactless Payments Mobile Banking Cybersecurity 24

Fintech Labs Insights

SEPTEMBER 21, 2016

SF Fire Credit Union offers loans up to $10,000 to cover rental expenses. Landlords are picky and require financial assurances similar to, or even more stringent, than a mortgage (pre-2008 anyway). Where there are financial problems, banks and credit unions have opportunities. Though rare, a few U.S.

Credit Union 17

Credit Union Returns Checks Accounts 17

Fintech Labs Insights

FEBRUARY 24, 2017

” Founded in 2008 and headquartered in Toronto, Ontario, Canada, SecureKey demonstrated its technology at FinovateFall 2012. The company announced this week that Affinity Credit Union had become a “trusted sign-in” partner for its SecureKey Concierge program.

Blockchain 20

Blockchain Credit Union Authentication Credential 20

Segpay

JUNE 25, 2024

Faster Payment Service (FPS) was launched in 2008 to enable instant Bank-to-Bank mobile, internet, phone, and standing order payments to move quickly and securely between UK bank accounts 24/7/365 a year. About 470 banks and credit unions joined the FedNow network in early February 2024.

Online and Mobile Banking 52

Online and Mobile Banking Payments Settlement Authentication 52

PYMNTS

AUGUST 25, 2016

Though small businesses have suffered from a gap in financing availability post-2008, the demographic continues to shape the financial markets. “These moves are designed to maximize profitability, and in many instances, it behooves them to offer somebody credit or a loan without explaining the consequences.”

Regulations 40

Regulations Small Business Finance Economy 40

PYMNTS

DECEMBER 11, 2017

The project, called Sheltered Harbor , includes banks and credit unions that hold between them about 400 million U.S. This level of vulnerability to cyberattack didn’t exist in 2008,” said Paul Bracken, a professor at the Yale School of Management, who has been developing war-game scenarios with banks since the 1990s.

Bitcoin 44

Bitcoin Breach Data Breach FDIC 44

Fintech Labs Insights

APRIL 12, 2024

Innovations from 1995 to 2014 (with launch dates) Note: Ranking as of Jan 2014 Wells Fargo is first in the world to offer Web-statement access (launched May 1995) Security First Network Bank launches first full-service Internet bank brand (Oct 1995, disbanded 2002) PayPal launches first online optimized payment system (Nov 1999, bought by eBay in 2003) (..)

Online and Mobile Banking 15

Online and Mobile Banking Innovation FinTech NOV 15

Fintech Labs Insights

OCTOBER 5, 2016

Founded in 2008. Co-founder and CEO of CUneXus credited his firm’s 1-click consumer lending technology for catching the Fintech Forward judges’ attention. “ORB gives banks and credit unions a competitive advantage by placing strong emphasis on delivering the ultimate digital banking experience,” Bohanon said.

FinTech 16

FinTech Credit Union Technology Mobile Banking 16

Fintech Labs Insights

OCTOBER 23, 2014

I''ve been denied credit twice. I was starting my first job and had a little, if any, credit history. But still, it hurt that my Fortune-50-employer''s credit union wouldn''t give even a $500 credit line to a freshly minted engineer. The first time I understood, sort of. Why would you not?

Underwriting 22

Underwriting Origination Credit Union Credit Cards 22

Fintech Labs Insights

MAY 5, 2016

Mobile banking, which got its start in the post-iPhone App Store era (2008), took only about 5 years before it was “Minted” by Simple and then others. The Hip Pocket mortgage app is a compelling value prop for users, and potentially a great lead-gen tool for banks and credit unions.

Mobile Banking 18

Mobile Banking Online and Mobile Banking Credit Union Process 18