Today I am sitting down with Kevin Filan, Senior Vice President of Marketing at Open Lending, we are going to talk about The Value of Lending Enablement Solutions: From Loan Volume to Risk Mitigation. 

Today I am sitting down with Kevin Filan, Senior Vice President of Marketing at Open Lending, we are going to talk about The Value of Lending Enablement Solutions: From Loan Volume to Risk Mitigation.

The Value of Lending Enablement Solutions: From Loan Volume to Risk Mitigation l Open Lending 2023

Speaker: Ann Davidson, Vice President of Risk Consulting | Allied Solutions BIO: With more than 40 years of diverse experience in the financial industry, Ann Davidson has become a nationally renowned expert in risk control and risk management. Ann has an impressive list of achievements and accreditations in the financial industry, which includes making notable article contributions to accredited financial publications and being a keynote speaker on a variety of risk management topics at hundreds of conferences and seminars nationwide.

Speaker: Ann Davidson, Vice President of Risk Consulting | Allied Solutions BIO: With more than 40 years of diverse experience in the financial industry, Ann Davidson has become a nationally renowned expert in risk control and risk management. Ann has an impressive list of achievements and accreditations in the financial industry, which includes making notable article contributions to accredited financial publications and being a keynote speaker on a variety of risk management topics at hundreds of conferences and seminars nationwide.

Chip Cards and Fallback Attacks | Allied Solutions 2023

Speaker: Adam Barrett - DefenseStorm Senior Product Manager BIO: Adam is the DefenseStorm Fraud Geek with an extreme passion for protecting financial institutions and the people who trust them to provide a safe banking experience. He is currently the Senior Product Manager for the DefenseStorm fraud product, Fraud Detection. With 25 years of experience in banking operations, fraud and risk, you would think he's seen it all, however, the constantly evolving schemes keep him motivated to stay in the fight. When not at work, he enjoys traveling, paddle boarding, gardening, and cooking.  Can you explain the concept of Fraud Fusion Centers and what their main objective is in the world of fraud prevention? What is the current state of cyber fraud, and why have Fraud Fusion Centers become more prevalent? How are Fraud Fusion Centers being utilized across various industries, and what are some specific examples of how they are being used in the financial sector? What are some of the benefits of utilizing Fraud Fusion Centers in fraud prevention, and how do they improve the overall process? Can you provide some guidance on how companies or individuals can participate in or implement Fraud Fusion Centers in their own fraud prevention strategies? How does DefenseStorm utilize Fraud Fusion Centers in their efforts to combat cyber fraud, and can you provide some specific examples of their success in this area? 

Speaker: Adam Barrett - DefenseStorm Senior Product Manager BIO: Adam is the DefenseStorm Fraud Geek with an extreme passion for protecting financial institutions and the people who trust them to provide a safe banking experience. He is currently the Senior Product Manager for the DefenseStorm fraud product, Fraud Detection. With 25 years of experience in banking operations, fraud and risk, you would think he's seen it all, however, the constantly evolving schemes keep him motivated to stay in the fight. When not at work, he enjoys traveling, paddle boarding, gardening, and cooking. <ol> <li>Can you explain the concept of Fraud Fusion Centers and what their main objective is in the world of fraud prevention?</li> <li>What is the current state of cyber fraud, and why have Fraud Fusion Centers become more prevalent?</li> <li>How are Fraud Fusion Centers being utilized across various industries, and what are some specific examples of how they are being used in the financial sector?</li> <li>What are some of the benefits of utilizing Fraud Fusion Centers in fraud prevention, and how do they improve the overall process?</li> <li>Can you provide some guidance on how companies or individuals can participate in or implement Fraud Fusion Centers in their own fraud prevention strategies?</li> <li>How does DefenseStorm utilize Fraud Fusion Centers in their efforts to combat cyber fraud, and can you provide some specific examples of their success in this area?</li> </ol>

Fighting Fraud: The Role of Fraud Fusion Centers

Anne Holtzman, Senior VP of Risk Management at Allied Solutions, will speak in-depth about the current state of CPI and the importance of having a proactive strategy.    How has CPI changed/shifted since the onset of the pandemic?   With a slight shift in the used and new car market this year, how has CPI been affected?    With the increase in delinquency levels and shrinking new loan volumes why is a risk management program like CPI important to the consumer or borrower?      Why do FIs need a proactive CPI strategy?   What are some of your predictions for CPI and the auto market for the remainder of the year and into early 2024? 

Anne Holtzman, Senior VP of Risk Management at Allied Solutions, will speak in-depth about the current state of CPI and the importance of having a proactive strategy.  <ul> <li>How has CPI changed/shifted since the onset of the pandemic?</li> </ul> <ul> <li>With a slight shift in the used and new car market this year, how has CPI been affected?</li> </ul> <ul> <li> With the increase in delinquency levels and shrinking new loan volumes why is a risk management program like CPI important to the consumer or borrower?  </li> </ul> <ul> <li> Why do FIs need a proactive CPI strategy?</li> </ul> <ul> <li>What are some of your predictions for CPI and the auto market for the remainder of the year and into early 2024?</li> </ul>

Current State of CPI l Allied Solutions 2023

The Consumer Financial Protection Bureau issued its final rule to implement Section 1071 of the Dodd-Frank Act. What will this rule mean for your institution? Section 1071 amended the Equal Credit Opportunity Act to require financial institutions to collect and report certain data in connection with credit applications made by small businesses and small farms, including women- or minority-owned entities. Randy Salser, President of NAFCU, digs into the new rule with two regulatory experts from Wolters Kluwer, both of whom are former federal regulators, to uncover the “what’s”, “who’s” and “when’s.” Experts also dive into what credit unions can do today to prepare, and what to keep in mind as they build out systems to comply with 1071.   Additional topics include:   Substantive differences between the DRAFT rule to the FINAL rule;   Key dates to monitor; and   Demographic information that needs to be collected and what credit unions need to know.     Speakers: Timothy Burniston, Senior Advisor, Regulatory Strategy, Wolters Kluwer Jason Keller, Associate Director, U.S. Advisory Services, Wolters Kluwer   Timothy.Burniston@wolterskluwer.com Jason.Keller@wolterskluwer.com

The Consumer Financial Protection Bureau issued its final rule to implement Section 1071 of the Dodd-Frank Act. What will this rule mean for your institution? Section 1071 amended the Equal Credit Opportunity Act to require financial institutions to collect and report certain data in connection with credit applications made by small businesses and small farms, including women- or minority-owned entities. Randy Salser, President of NAFCU, digs into the new rule with two regulatory experts from Wolters Kluwer, both of whom are former federal regulators, to uncover the “what’s”, “who’s” and “when’s.” Experts also dive into what credit unions can do today to prepare, and what to keep in mind as they build out systems to comply with 1071.   Additional topics include: <ul> <li>Substantive differences between the DRAFT rule to the FINAL rule;</li> </ul> <ul> <li>Key dates to monitor; and</li> </ul> <ul> <li>Demographic information that needs to be collected and what credit unions need to know.</li> </ul>   Speakers: <a href="https://www.wolterskluwer.com/en/experts/timothy-burniston" rel="noopener noreferrer nofollow" target="_blank">Timothy Burniston</a>, Senior Advisor, Regulatory Strategy, Wolters Kluwer <a href="https://www.wolterskluwer.com/en/experts/jason-keller" rel="noopener noreferrer nofollow" target="_blank">Jason Keller</a>, Associate Director, U.S. Advisory Services, Wolters Kluwer   <a href="mailto:Timothy.Burniston@wolterskluwer.com" rel="noopener noreferrer">Timothy.Burniston@wolterskluwer.com</a> <a href="mailto:Jason.Keller@wolterskluwer.com" rel="noopener noreferrer">Jason.Keller@wolterskluwer.com</a>

Get Up to Speed and Down to Work on the New Section 1071 Small Business Data Collection Rule l Wolters Kluwer 2023

Many credit union executives assume that once they acquire new members, those members will embark on a journey to become loyal and profitable account holders. This assumption is often wrong. If those new members never fully onboarded or engaged with your credit union, then they’re costing you money.  So merely “winning the account” doesn’t really count.   A successfully onboarded member will generate more deposit activity, use more products and services with your credit union and stay with you longer.  In this podcast, Steve Swanston from Velocity Solutions explains how our current interest rate environment is creating both a critical need and a massive opportunity for credit unions  to optimize their entire retail performance—from acquisition to retention. And a key part to that performance is driving more low-cost deposits that deliver!

Driving Low-Cost Deposits that Deliver l Velocity 2023

After our original podcast discussion, the Battle for Deposits has intensified, and current events - like the massive shift in deposits toward the big banks the week of March 13 - have made this topic even more pertinent to credit unions. It's worth diving even deeper into this subject, to look at items such as:    How behavioral economics can impact customer saving The role open banking will play in deposit defense and acquisition How credit unions can utilize a multi-channel approach to deposits Why an engagement foundation is so vital in this battle

Winning and Growing Deposit Relationships l Personetics 2023

Mark Sievewright of Sievewright &amp; Associates (An SRM Company) will chat with NAFCU Services CU Lab on the latest opportunities and challenges related to mergers and acquisitions for credit unions and what he expects for the remainder of 2023. 

Mark Sievewright of Sievewright &amp; Associates (An SRM Company) will chat with NAFCU Services CU Lab on the latest opportunities and challenges related to mergers and acquisitions for credit unions and what he expects for the remainder of 2023.

Discussion on The Latest Merger and Acquisition Trends l SRM 2023

SRM’s Larry Pruss will speak with NAFCU Services CU Lab to catch up on guidance and regulation trends in the digital assets space – including the latest on enforcement actions and what the federal agencies are saying – and what it all means for credit union strategy and operations in 2023. 

SRM’s Larry Pruss will speak with NAFCU Services CU Lab to catch up on guidance and regulation trends in the digital assets space – including the latest on enforcement actions and what the federal agencies are saying – and what it all means for credit union strategy and operations in 2023.

Discussion on Digital Assets l SRM 2023

Credit unions must configure each of their debit cards so that card-not-present transactions performed with such cards can be processed on at least two unaffiliated networks. As a practical matter, a credit union will first need to determine whether card-not-present transactions performed with its debit cards can already be processed on at least two unaffiliated networks; if the credit union is not already compliant with the final rule, it will need to adjust its debit card processing arrangements to meet the final rule’s requirements by July 1, 2023. Importantly, the final rule notes that credit unions do not need to affirmatively guarantee that two unaffiliated networks will always be available to all merchants in every conceivable transaction context but instead that credit unions configure their debit cards so that transactions performed with the card can be processed on at least two unaffiliated networks.   This rule clarifies that the requirement for at least two unaffiliated payment networks to be enabled, which has applied to debit card transactions in general since 2011, now explicitly applies to card-not-present transactions. The final rule clarifies that an issuer is not required to ensure that two or more unaffiliated networks will actually be available to the merchant to process every electronic debit transaction, rather that issuers must enable routing choice for card-not-present debit card transactions.  The final rule considers the requirement satisfied if: 1) the issuer has enabled a combination of networks that avoids network exclusivity; and 2) the networks have each taken steps reasonably designed to be able to process electronic debit transactions. The final rule does not alter interchange fees. The final rule does not alter the Regulation II exemption from interchange fee limitations for financial institutions with less than $10 billion in assets.

Uncovering the Impact of FRB Regulation II on Card Not Present Fraud for Credit Unions l Allied Solutions 2023

Welcome to The CU Lab with NAFCU Services. In each episode, we explore breaking innovations, industry insights, and growth ideas. Catch up with credit union thought-leaders on fintech, security, fraud prevention, and more. Are you ahead of the curve on risk management, and prepared for what’s to come? Is your credit union building the best digital experience to attract and engage members? Tune in to connect with the best intel in the industry.

With more “money in motion” in a rising rate environment, consumers have multiple choices on where to place their deposits for maximum value.  Beyond simply choosing the best rate, consumers are increasingly seeking institutions that will help them better manage their day-to-day banking and deliver tailored advice.  A recent survey found that 58% of consumers are likely to move their money to an institution that provides better money management capabilities.  In this session, we’ll discuss how credit unions can win the Battle for Deposits by amplifying their promise of looking out for the financial well-being of their members.  By leveraging advanced data and analytics, credit unions can demonstrate a deeper understanding of members’ needs and deliver personalized insights and savings tools that can help members better meet their financial goals.  The Battle for Deposits is underway, and savvy credit unions are poised to grow and better meet the needs of their members.  

With more “money in motion” in a rising rate environment, consumers have multiple choices on where to place their deposits for maximum value.  Beyond simply choosing the best rate, consumers are increasingly seeking institutions that will help them better manage their day-to-day banking and deliver tailored advice.  A recent survey found that 58% of consumers are likely to move their money to an institution that provides better money management capabilities.  In this session, we’ll discuss how credit unions can win the Battle for Deposits by amplifying their promise of looking out for the financial well-being of their members.  By leveraging advanced data and analytics, credit unions can demonstrate a deeper understanding of members’ needs and deliver personalized insights and savings tools that can help members better meet their financial goals.  The Battle for Deposits is underway, and savvy credit unions are poised to grow and better meet the needs of their members.

Winning the Battle for Deposits l Personetics 2023

It’s never too late to make your holiday fraud list and check it twice to let the holiday fraudsters know we’re watching to see if they are naughty or nice.  Ann Davidson of Allied Solutions will speak in-depth about blocking scammers this holiday season.

It’s never too late to make your holiday fraud list and check it twice to let the holiday fraudsters know we’re watching to see if they are naughty or nice.  Ann Davidson of Allied Solutions will speak in-depth about blocking scammers this holiday season.

Holiday Fraud Prevention Shopping List l Allied Solutions 2022

Today, I’ll be speaking with two members of the CUNA Mutual Group team about their research to get some of those answers: Kevin Cummers, TruStage Life Products Director, and Sarah Randle, TruStage Program Specialist.   We’ll discuss common member worries, the goals life insurance can help them address, barriers to an insurance purchase, and the steps your credit union can take to better understand your members and their needs. Kevin, Sarah, great speaking with you, and thanks for joining me today.

Closing the Gap On Life Insurance Purchases l CMG 2022

Transaction fraud continues to be a top risk for financial institutions across the country. Ann Davidson of Allied Solutions will speak in-depth about transaction risk &amp; fraud. 

Transaction fraud continues to be a top risk for financial institutions across the country. Ann Davidson of Allied Solutions will speak in-depth about transaction risk &amp; fraud.

Transaction Risk & Fraud l Allied Solutions 2022

 Customers typically don’t close their financial accounts when they leave for another provider But this gives credit unions an opportunity to re-engage these customers and expand relationships  Data-driven engagement is the key – understanding where each customer is on their financial journey   

<ul> <li>Customers typically don’t close their financial accounts when they leave for another provider</li> <li>But this gives credit unions an opportunity to re-engage these customers and expand relationships </li> <li>Data-driven engagement is the key – understanding where each customer is on their financial journey  </li> </ul>

Recapturing and Retaining Your Wandering Depositor Base l Total Expert 2022

Fraud using payment P2P online or using apps continues in financial institutions across the country. Listen as Ann Davidson of Allied Solutions sits down with Randy Salser to speak in-depth about P2P online and payment apps fraud attacks. 

Fraud using payment P2P online or using apps continues in financial institutions across the country. Listen as Ann Davidson of Allied Solutions sits down with Randy Salser to speak in-depth about P2P online and payment apps fraud attacks.

P2P Payment & Fraud l Allied Solutions 2022

In this episode of The CU Lab podcast, Randy Salser sits down with Jason Kratovil, Head of Public Policy at SentiLink to talk about how credit unions can onboard new members faster and with less friction and help cut back on fraud with eCBSV. Jason shares what is eCBSV as well as the benefits credit unions can get when incorporating it in their account opening process. Learn more about SentiLink at: https://www.nafcu.org/sentilink

In this episode of The CU Lab podcast, Randy Salser sits down with Jason Kratovil, Head of Public Policy at SentiLink to talk about how credit unions can onboard new members faster and with less friction and help cut back on fraud with eCBSV. Jason shares what is eCBSV as well as the benefits credit unions can get when incorporating it in their account opening process. Learn more about SentiLink at: <a href="https://www.nafcu.org/sentilink" rel="nofollow" target="_blank">https://www.nafcu.org/sentilink</a>

Reduce Fraud, Accelerate Account Opening, and Approve More New Members with eCBSV

In this episode, we are joined by Mike Umscheid, CEO of ARCSys. Mike is an expert in everything CECL and will be touching on what CECL means for TDRs. There have been many changes with Troubled Debt Restructuring since FASB issued an accounting standards update eliminating the model. We hope you enjoy expanding your knowledge on TDRs and it helps you be more well prepared for what is to come with CECL.

In this episode, we are joined by Mike Umscheid, CEO of ARCSys. Mike is an expert in everything CECL and will be touching on what CECL means for TDRs. There have been many changes with Troubled Debt Restructuring since FASB issued an accounting standards update eliminating the model. We hope you enjoy expanding your knowledge on TDRs and it helps you be more well prepared for what is to come with CECL.

What Does CECL Mean for TDRs? l ARCSys 2022

In an ever competitive landscape, embedded finance is what many are seeing as the next point of evolution in the consumers’ digital experience. As financial institutions, credit unions should heavily consider it as part of their member retention and acquisition strategy, especially among small businesses. In this episode with Matt Collicoat from FIS, we’re discussing what embedded finance is, why it should be leveraged and how. 

In an ever competitive landscape, embedded finance is what many are seeing as the next point of evolution in the consumers’ digital experience. As financial institutions, credit unions should heavily consider it as part of their member retention and acquisition strategy, especially among small businesses. In this episode with Matt Collicoat from FIS, we’re discussing what embedded finance is, why it should be leveraged and how.

Keeping Relevant With Small Business Members Through Embedded Finance l FIS 2022

Financial institutions across the country continue to experience card-not-present (CNP) fraud at an alarming rate and it is not stopping. Currently in the top fraud spot, this type of fraud occurs online and involves both credit and debit card numbers. Ann Davidson of Allied Solution outlines how these nefarious attacks are occurring and how to prevent this type of fraud before it happens.  

Financial institutions across the country continue to experience card-not-present (CNP) fraud at an alarming rate and it is not stopping. Currently in the top fraud spot, this type of fraud occurs online and involves both credit and debit card numbers. Ann Davidson of Allied Solution outlines how these nefarious attacks are occurring and how to prevent this type of fraud before it happens.

Safeguard Your Credit Union from Skyrocketing Card-Not-Present Fraud l Allied Solutions 2022

The topics are great.  The sound quality leaves much to be desired, especially for a professionally done program.

Average

The CU Lab with NAFCU Services

DDJ Myers

During this podcast, DDJ Myers will discuss the highlights of the 2018 NAFCU Leadership Study and their relevance to credit unions. Hear how CEOs, executives, board chairs, and directors are reacting to the results and taking immediate action.

CEO & Board Succession Planning: Readying for Change | DDJ Myers 2019

In this podcast, we’re talking about something that’s top-of-mind for credit unions across the nation: data protection. Nick Curcuru, VP of the Global Big Data &amp; CyberSecurity Practice at Mastercard, provides expertise.

Building Blocks for Stronger Data Protection | Mastercard 2019

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