The plight and protection of small U.S. credit unions came in for new scrutiny last week following a controversial think tank study by Celent, the Boston research firm, finding that CUs under $50 million are fast disappearing under the weight of tech products, competition, compliance and their own “inefficiencies.”
Study saw demise of small CUs approaching.
Around 10% of credit unions looked to upgrade their core banking systems last year, marking a significant increase from the historical percentage average of 4% to 5%, according to two new reports from Boston-based financial research and consulting firm Celent.
For credit unions and banks vying to be the primary financial institution, understanding and delivering products and services based on consumers’ needs has always been a priority.
Think firm says 10% of credit unions began looking at core processing system upgrades last year.
Kinect for Xbox 360, a controller-free, $150 gaming device that allows users to operate their Xbox consoles solely through bodily gestures and voice commands, has made a splash among video game and electronics enthusiasts. But is there a practical application for Kinect outside the gaming world–say, in credit union branches?...
Don’t be quick to dismiss the iPad as just a fad. According to Celent Senior Analyst Bob Meara, with their distinctive attributes like mobility, ability to operate in both online and offline environments, rich video delivery capability and a platform that encourages interactivity between staffers and consumers, tablets may be...
North American banks are spending more on information technology now than they have in the past couple of years, according to a new report from Celent.
In the mobile retail banking vendor race, some runners are way ahead of the pack, while others lag far behind.
Information technology spending by North American financial institutions is on the rise after two challenging years, according to a new report from Celent.