Articles
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Sep 6, 2024 |
cutimes.com | Tracy Moore |Heman Daswani |Erica Chiang |Jane Mason
The pairing is paramount to effectively managing risks, ensuring robust security and paving a road to growth. Credit/AdobeStock Financial institutions are facing a multitude of challenges in today's economic landscape. Inflation and uncertainty are prevalent, compounded by increasing regulatory scrutiny. By the end of 2023, global banks had shed over 60,000 jobs, while credit unions experienced a slowdown in hiring.
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Sep 4, 2024 |
cutimes.com | Erica Chiang |Jane Mason |Steve Brown |Heman Daswani
Implement real-time payments, a subscription management tool and a financial advisor tool into digital banking. Consumers on mobile devices It's no secret that credit unions are struggling to sustain their member growth with younger generations opting for bigger national banks. According to Zest.ai, despite the youthful average American age of 38.5, credit unions are predominantly frequented by a more mature crowd, where over 50% of Americans over the age of 50 are members of credit unions.
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Apr 3, 2023 |
themreport.com | Eric C. Peck |Jane Mason
This piece originally appeared in the April 2023 edition of MReport magazine, online now. If it seems like the pace of technology is constantly accelerating, it’s because it is. It’s called accelerated change—the exponential rate at which new innovations are creating profound changes in the way we live and work. For example, typewriters existed for nearly 100 years before the first word processors emerged in the 1970s. By the 1990s, most people were using Microsoft Word on their personal computers.
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