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Finopotamus News
All original financial technology (fintech) and credit union content created by Finopotamus writers and guest contributors.
BankSocial Builds on Web3 to Bolster Proposed Credit Union and ‘Re-DeFi-ne’ Industry Platforms
By Roy Urrico
Roy Urrico
Dec 8, 20236 min read
Alkami Report Says FIs Have to Fully Invest in Fintech to Attract and Retain Consumers
By W.B. King Citing an uncertain economy, increasing compliance and fraud issues, competition for deposits, and the ever-shifting...
W.B. King
Dec 7, 20234 min read
CUs Can Make More Loans by Mastering Small Data
Underwrite a loan based on the member's socials.
John San Filippo
Dec 6, 20234 min read
Forbes Advisor Survey Finds Consumers Have Mixed Results with Personal Loans
By W.B. King After surveying 2,000 American borrowers in September 2023, Forbes Advisors found that 76% compared interest rates and fees...
W.B. King
Dec 5, 20233 min read
Ransomware Attack at the Center of Some 60 Credit Union Outages
By Roy Urrico. About U.S. 60 credit unions reportedly experienced outages due to ransomware attack on a cloud IT provider.
Roy Urrico
Dec 4, 20234 min read
Survey: Holiday Consumers Spending Less but Not on Gift Giving
By Roy Urrico. A new survey explored consumers’ decisions about gift giving and holiday travel this year, as well credit usage.
Roy Urrico
Dec 1, 20233 min read
Finopotamus Launches the 2023-24 Edition of the Digital Banking Industry Leaders Forum
First-of-its-kind thought leadership portal brings together a dozen industry luminaries.
John San Filippo
Nov 30, 20232 min read
Solving the Thin File/No File Dilemma
The shortcomings of the decades-old, yet still widely used, credit scoring systems are well-known ...
John San Filippo
Nov 29, 20234 min read
10 Holiday Scams to Avoid
By Roy Urrico. Black Friday and Cyber Monday may be over, but scams aimed at online shoppers still threaten.
Roy Urrico
Nov 28, 20234 min read
Finastra Survey Finds FIs Plan to Further Invest in AI, BaaS and Embedded Finance
By W.B. King Nearly two-thirds (64%) of financial institutions polled in Finastra’s 2023 Financial Services: State of the Nation Survey...
W.B. King
Nov 27, 20233 min read
PSCU and Co-op Solutions Payment Reports Show Consumer Price Concerns Not Slowing Down Credit Usage
By Roy Urrico. Summarized below are November 2023 payments reports from two organizations, PSCU and Co-op Solutions.
Roy Urrico
Nov 22, 20236 min read
Global Women’s Leadership Network Offers Scholarships to Advance Leadership Skills; Deadline Dec. 15
By W.B. King In the spirit of the credit union ethos of “people helping people,” the Global Women’s Leadership Network (GWLN), along with...
W.B. King
Nov 21, 20233 min read
Unleashing the Power of Embedded Financial Products: A Path to Credit Union Growth
Guest Editorial by Philip Paul, CEO, Cotribute
Philip Paul
Nov 20, 20233 min read
Report: Elder Fraud Scams Reaching Alarming Levels
By Roy Urrico. Incogni study evealed that crimes targeting people over 60 have reached alarming levels, with a total loss of $3.1 billion.
Roy Urrico
Nov 17, 20234 min read
How Credit Unions Are Managing Auto Lending Risks in a Volatile Market
By W.B. King Banking liquidity issues, rising interest rates, inflation in FICO scores caused by “pandemic-era abnormalities,” along with...
W.B. King
Nov 16, 20233 min read
John San Filippo
Nov 15, 20234 min read
EY Reports Finds Winning Consumers in FI Space Requires Balancing Emerging Trends and Brand Equity
By W.B. King For financial institutions to remain relevant in the next three to five years, a report from Ernst & Young (EY), NextWave of...
W.B. King
Nov 14, 20233 min read
Report: North American FIs More Optimistic about Fintech Investment Than Global Peers
By Roy Urrico. A report explores emerging trends in the North American financial services industry as compared to other global areas.
Roy Urrico
Nov 13, 20233 min read
Navy Federal Credit Union, Fiserv March Alongside Veterans
By W.B. King Among the countless Americans honoring military heroes of the United States Armed Forces on Veterans Day are members of the...
W.B. King
Nov 9, 20233 min read
Reports Suggest Saving for a House, and Property Investment Interest, Vary Widely by States
By Roy Urrico. A couple of reports that could help credit unions understand potential borrowers’ current state of mind, literally.
Roy Urrico
Nov 8, 20234 min read
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