Insight Consultants empowers CFOs to leverage AI in Finance for strategic growth, bridging the gap between AI tech and strategic finance
Category: Technology
API for business growth: Credit Unions Securely Open Your APIs.
In today’s rapidly evolving financial landscape, credit unions are proactively embracing the transformative potential of technology to drive business growth and deliver exceptional member experiences. At the forefront of this digital transformation strategy lies the strategic adoption of Application Programming Interfaces (APIs) – the key to unlocking new opportunities, fostering innovation, and achieving seamless connectivity.… Continue reading API for business growth: Credit Unions Securely Open Your APIs.
Open Banking impact on lending is just beginning: Are you ready?
Open banking has emerged as a transformative force in the financial industry, revolutionizing how lending institutions
Cloud Collaboration: Solution to Increase ROI and Boost Agility to Credit Unions
In today’s fiercely competitive market, Credit Unions face the challenge of proving their mettle against the rising presence of FinTechs and digital banks in the financial institution space. However, many credit unions find themselves constrained by outdated core systems that impede their ability to drive effective digital transformation. This is where cloud collaboration emerges as… Continue reading Cloud Collaboration: Solution to Increase ROI and Boost Agility to Credit Unions
eSignature – a comprehensive digital transaction for Credit Union members
According to Ombud’s 2013 report, Open Research: Signature Solutions, the “adoption of eSignature solutions has empowered visionary enterprises to lead their industries by streamlining entire business workflows into end-to-end digital processes.” Member service is the pillar of the Credit Union Industry. Credit Unions strive to make their services more efficient to their customers. At the… Continue reading eSignature – a comprehensive digital transaction for Credit Union members
Using AI to transform Credit Unions debt collection process
Credit Unions are enjoying a record increase in their membership of late. With rising customer base, the focus for these credit unions remains faster processing of loans along with providing better experience to their customer; but this heightens their overall exposure to delinquencies as well. Unfortunately, this concern has only been amplified by the… Continue reading Using AI to transform Credit Unions debt collection process
How can your Credit Union increase revenue through automated underwriting?
High level of approved not-funded applications. Large volumes of manual reviews. inconsistent decisions. inability to meet real time demands. Do these sound familiar to you? These challenges are familiar with manual underwriting systems and process, and can negatively affect your loan portfolio. Automated underwriting is the answer to solve many of these challenges. Automated… Continue reading How can your Credit Union increase revenue through automated underwriting?