PURCHASE, N.Y.— Artificial intelligence is reaching into all corners of financial services, and that obviously includes payments. Mastercard is reporting it has introduced a new solution that uses AI to generate a “risk score” for transactions to evaluate the legitimacy of the person on the receiving end of a digital payment.
SAVANNAH, Ga.–Hybrid work environments have created as many challenges for credit union leaders as there are places to work from. One expert has some advice on how to make the new work landscape more effective for everyone, including acting as a recruiting and retention strategy, while avoiding the kinds of scenarios that cost money, time and lost employees.
LAKE FOREST, Ill.—As 2023 winds down, strategies are being shared to help credit unions ensure their checking offerings win back share from the major players in 2024.
ST. PETERSBURG, Fla.—Credit union leaders would be smart to prepare not for a significant disruption to payments as a result of artificial intelligence, but instead for several smaller, less dramatic effects, according to one person.
TAMPA—Artificial intelligence (AI) will provide a boost for credit unions, provided credit unions do one important thing that will be critical for their futures, says Tom Davis.
SAN FRANCISCO–They are two letters that have come to dominate much of the conversation in credit unions, as they have elsewhere—AI—and those conversations have been so far ranging about every aspect of the operation and business model that it seems there is only one place to turn for an answer—AI.
DES MOINES, Iowa–Saying it already has a waiting list, Curql Collective, a CUSO that represents a family of funds provided by credit unions that seeks to invest in companies that bring innovation and collaboration to CUs, has announced the formation of its second fintech investment fund, Curql Fund II.
AUSTIN, Texas—While credit unions are not large commercial real estate players, those cooperatives that are in this market may be particularly exposed to the growing problems within commercial real estate, according to New Vista Solutions, which is suggesting some strategies for helping CUs manage their way through this issue.
AUSTIN, Minn.—One small credit union that ranks highly nationally for its ability to return value to members is reminding that while digital delivery is critical, an organization cannot lose its “human touch.”
PETERBOROUGH, N.H.—For the first time since the 1990s, losses on credit cards at credit unions are now higher than those at banks--and that's concerning because it signals a shift in the credit card war between big and small issuers.
