The Need for Core Banking Software Would you agree with me that financial institutions need channels to deliver their products and services to consumers? Historically, financial institutions have relied on in-person interactions; requiring members to visit branches in order to open accounts, access loans, and savings products amongst other offerings. Given the advancements in technology and…
Whenever the subject of digital risk management within cyberspace is discussed, a number of us assume that this is the job and problem of the IT department. However, the board of directors of any organisation play the most important role in any risk management approach adopted.
Introduction The internet, once hailed as the ultimate invention for communication and borderless business transactions is increasingly becoming a hotbed for bad players as digital platforms become entwined in every part of our daily lives. With over 5 billion people connected and interacting online daily, the world is now heavily reliant on technology as more…
As you got into work today did you sit down and think: What am I doing here? What value am I creating for people? How are my actions today aligned to the overall business goals? When you think about it, everything comes down to value creation for customers. Here are some reasons why. Dynamic value…
Businesses must innovate and create digital strategies that are aligned to the overall organisation’s mission and vision in order to create more value and remain relevant to digital natives and digital-centric customers.
Over the last four years, I have had the pleasure of interacting with several Credit Unions. I have interacted with the senior management team as well as the lowest placed staff of many credit unions. I have also attended several conventions where I had one-2-one sessions with members and managers of credit unions. To an…
Would you agree with me that everything that Credit Unions do should always be about adding value to the lives of their members and community? Just think about it, does your credit union add value to your life? Does your credit union make life easier for you? Does your credit union make it easier for…
Historically, credit unions create enormous value for their members compared to other financial institutions. However, this is starting to change with the emergence of new technology. The banks and other institutions are fighting back through innovation. Even new startups are innovating to create value and make life easier for the average credit union member. Credit…