In an increasingly digital world, consumers are seeking faster, safer, and more seamless ways to interact with financial services. From mobile banking to instant loan approvals, expectations have evolved. At the heart of these innovations lies a powerful enabler: digital identity trends. As identity verification
If you're lending to small businesses, you've likely heard about Section 1071. It's part of the Dodd-Frank Act, and after years of legal back-and-forth, the Consumer Financial Protection Bureau (CFPB) is moving forward with it, albeit with more pushback and rule revisions still underway. At its
The landscape of cybersecurity threats to credit unions is constantly evolving. As cyberattacks become more sophisticated, it's crucial to stay informed. Studies reveal that 80–90% of data breaches are caused by human error, not technology failures. This underscores the need for continuous education and innovative
Market data indicates a strong push for change, with 96% of financial institutions investing in payment modernization. Mid-tier banks now face challenges from established players and agile fintechs. Customer expectations are clear: 43% of businesses prioritize real-time payment capabilities in banking partnerships, while 57% seek better
2024 witnessed significant financial developments, marked by market fluctuations and policy changes that have profoundly influenced the economic landscape. These shifts in various sectors, movements in interest rates, and global events have not only impacted but also shaped overall financial strategies. In September 2024, the Federal