Unintended consequences of adopting new technologies can be avoided.
One thing is unavoidable for all credit unions – consumer behavior continues to shift toward virtual service channels.
A newly rewritten core processing platform is now in place at all the credit unions that had been using the DNAsme (small market edition) solution from Open Solutions Inc., the company said.
Open Solutions Inc. said it has completed migrating all the credit unions using its DNAsme (small market edition) core processing platform to the Glastonbury, Conn., company's new CUnify solution.
As large national services firms continue to expand into a larger basket of financial products and invest heavily in branch services, the focus for community banks and credit unions needs to turn to how they can be everywhere their customers and members need them to be.
Open Solutions Inc. will be the first channel partner for the Yodlee Platform with Fin App Center, according to Yodlee Inc.
DNAweb solution to integrate Yodlee platform, including downloadable app store.
Some may call it a convergence of three game-changing forces that are rewriting financial institution security at warp speed.
You’ve shored up your fraud defenses when it comes to screening new members, but no product or process is 100 percent “fraud-proof.”
First-party fraud–accessing credit services with no intention of repayment–is a significant concern for credit unions and other financial institutions. And its prevention calls for a new strategy, according to Costa Mesa, Calif.-based credit reporting agency Experian.