Ten Years of Transformation Crammed into Three Months

In the big picture, it’s not as if any of this was a surprise. We’ve known for ages that digital channels were the future of banking, and that credit unions- especially smaller ones- needed to upgrade their tech platforms or risk being left behind.

Is Voice the New Mobile- and the Ultimate Touchless?

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It was only a few years ago that I recall BIG’s Resident Visonary John Best counseling credit union leaders regarding their digital strategies, “If you don’t build out your mobile platform, you might as well not bother with digital.” It was a controversial statement at the time, but it’s now conventional wisdom. The hand-held device has become the go-to channel for members across a wide array of demographics, surpassing the desktop for engagement volume.

It’s Time for the Accelerator- NOT the Brake!

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It’s entirely understandable for credit union leaders to feel overwhelmed these days. Consider the list of challenges they’ve had to overcome in real time, with little to no advance warning:

Lessons Learned From the 2008 Downturn

In 2008, the market suffered a horrible loss due to mortgages being repackaged that were not worth the amounts they were repackaged for. As a result, many people lost their jobs. At that time, I was working at a large credit union. I woke up one day to discover that we had lost almost 90 million dollars. We didn’t lose that money because we were mismanaged or because we had taken high risks, but because of the environment that we were operating in.

P1FCU Signs with Best Innovation Group for the FIVE Voice Banking Platform

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Best Innovation Group (BIG) a technology and financial services innovator, announces that Potlatch No. 1 Financial Credit Union (P1FCU) has signed on to give its members the power of voice using BIG’s FIVE Voice Banking Platform. P1FCU, a recent conversion to the Episys core banking solution, first discovered FIVE through Symitar’s partnership with BIG.