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Back to Basics: Mitigating Money Laundering Risk in Credit Unions
Catalyst Corporate Launches Moli P2P Mobile Payments Platform
Catalyst Corporate announces its official launch of Moli, a multi-rail mobile payments platform that targets simplifying person-to-person (P2P) payments and positions credit unions for upcoming enhancements in the mobile and faster payments landscape.
What the Rapid Growth of AI Means For Credit Union Lending
For credit unions, it’s no secret that technology is transforming our industry. We all know how important the digital experience is for serving our members, attracting new members, and staying competitive with banks and other financial services competitors. Simply put, technology helps us serve people better – and artificial intelligence (AI) is poised to revolutionize how we do that.
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Prepayment Risk Concerns? Derivatives Can Help
Prepayment risk is sitting at levels not seen in two decades. One of the best ways to hedge mortgage prepayment risk is with interest rate options. Read how derivatives can help.
Digital Loan Payment Processing and The Power of Convenience
Digital loan payments can enhance convenience for both credit unions and their members. It starts with intuitive functionality, options and streamlined loan payments.
The Fundamentals of Growing Indirect Lending in Any Market
For lenders looking to grow their auto programs in 2023, there are a number of challenges to overcome, including higher rates, inflationary pressures, and ongoing supply chain issues. Learning about the fundamentals behind running an indirect lending program and having a plan in place to implement them is more important than ever.
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Fast, Faster, Faster-er: The Rise of Instant Payments
In the U.S. payments industry, instant transactions are dominating conversations. Catalyst Corporate invites you to attend virtual webinars and an in-person workshop.
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Interest Rate Risk Tops List of Regulatory Priorities
Since the Fed began increasing the fed funds rate, credit unions have been heavily impacted by the rapid ascent of interest rates, prompting challenges.
5 Reasons You’ll Want Cornerstone Resources’ Simple, Streamlined Talent Search
Whether for a sensitive executive search or professional recruiting, we know that stakes for selecting the right talent for your credit union are sky high—and the monetary and cultural consequences of failure can be astronomical!
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Tight Liquidity and an Inverted Yield Curve – Time to Invest?
Even though higher rates are currently on the short end of the yield curve, Catalyst Corporate's John Kirby says there are reasons to consider locking in some longer maturities.
A Change in How You Lend, Will Do You (and Your Members) Good
A change in how you lend, will do you (and your members) good
Loan Pricing is an Artform
Truly artful loan pricing is a delicate balance between providing the best possible value to your credit union and offering a rate that members ultimately accept. There is no clear market indication for how to price a loan...that's where it becomes an art.
Next Steps for Embracing Innovative Digital Solutions
Historically, credit unions have strived to be their members’ primary financial institution (PFI) – the place where people have their checking account, direct deposit, favorite credit card, possibly even their mortgage. However, the PFI concept is quickly evolving.
Accounting for Loan Losses: CECL’s Coming Down the Pike
Talked about for years, implementation of FASB’s Current Expected Credit Loss accounting standard is now only weeks away. Known as CECL, the new accounting standard becomes effective January 1, 2023.
4 Ways Automation Can Help Your Credit Union
As contrary as it may seem, using AI in your underwriting process can actually make the experience more human for your members. It’s faster, more accurate, helps you maintain compliance, and lets you approve more borrowers, while improving the experience they have with your credit union.
Keeping the Pulse on Faster Payments
Momentum continues to build in faster payments as volume, capabilities and use cases expand and develop. Catalyst Corporate's Glenn Wheeler explains some of the latest developments in preparing credit union onboarding for the FedNow system.
Four Easy Steps for Staying Secure in 2022
Cybersecurity has become one of the biggest hot topics inside and outside of technology circles over the last two years. From securing learning devices due to a rise in digital learning during the COVID-19 pandemic to coping with the fallout of high-profile breaches of national infrastructure such as the Colonial Pipeline, there is a seemingly endless news cycle dedicated to cybersecurity mishaps and concerns.
The Anatomy of a Data Breach: What are they and what to do when you spot one
Arguably no phrase has dominated the tech world over the last 24 months more than the term “data breach.” From breaches that have impacted critical infrastructure like the Colonial Pipeline to hackers compromising healthcare records at UC San Diego Health, the last two years have been saturated by headlines of cybersecurity mishaps.
Successfully Navigating the LOS Experience to Meet Your Goals
Just about every financial institution uses some type of core system to run its operations. Some credit unions (or even community banks) will try to tap the loan origination functionality that is built into their core system. However, as lenders grow, eventually, they have a “graduation moment” and realize they need a standalone loan origination platform to reach their current and future goals.
Insights from a Southwest CUNA Management School Attendee
Catalyst Corporate ALM Consultant Richard Cranfill shares his takeaways from Southwest CUNA Management School (SCMS) at Texas Christian University. See what he found most interesting about his experience.
Eliminating Real-Time Payments Fraud and Human Error
Human exploitation, lost/stolen credentials or scams that compel consumers to divulge or expose personal information keep payments fraud on the rise. Catalyst Corporate's Glenn Wheeler explains the importance of raising awareness about payments fraud.
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