Financial
Financial
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Credit UnionsCredit unions exploring artificial intelligence to fight fraud
CO-OP Financial Services is using machine learning technology to help its members' systems learn and adapt to new threats
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Credit UnionsWorld Council of Credit Unions announces keynote speakers for annual conference
Rapid technological change is on the agenda, with presentations on big data, online crime and young web-native customers
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Banking and InsuranceReview: Young money blogger Iona Bain looks at how to build better finances
Spare Change, Iona Bain (Hardie Grant Books, 2016) Author of the YoungMoneyBlog, financial blogger Iona Bain has published a book exploring personal financial issues and the challenges faced by young people. The book includes practical advice...
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Banking and InsuranceSuccessful credit union growth: lessons to learn from the USA experience
How can credit unions be successful? Make money, stay solvent and grow, says Bill Hampel, chief policy officer at the USA’s Credit Union National Association (CUNA). Mr Hampel, in the UK to speak at the annual...
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Credit UnionsTwo credit union approaches to online lending innovation
Online lending – a market worth £23bn in 2016 – is a key challenge for credit unions in the UK. As well as having to provide a seamless user experience, they must compete against payday lenders, who...
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Credit UnionsCredit unions: serving young people and the technology challenge
Meeting the needs of the modern consumer while addressing ageing memberships remain two key challenges for credit unions in Britain. According to recent research by BNY Mellon in collaboration with the University of Oxford, millennials want...
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Banking and InsuranceCo-op Bank reports £477m loss and warns of more branch closures
The Co-operative Bank has reported an annual loss of £477m. This is lower than the £610.6m loss of 2015, but marks the fifth year in a row the bank has lost money and brings the...
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Credit UnionsCredit unions have lent over £2m to armed forces personnel
Since offering their services to armed forces personnel, UK credit unions have lent more than £2m to over 1,600 soldiers, sailors and airmen and women. The programme was launched in 2015 by the Ministry of...
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Credit UnionsSix tips for credit unions to promote women leaders
Credit unions need to address the gender gap when it comes to leadership positions, according to Jim Nussle, president and chief executive of the Credit Union National Association (CUNA). Speaking at the Global Women’s Leadership...
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Banking and InsuranceReport reveals how credit unions are helping members save as they borrow
A report from the Fairbanking Foundation shows the approach taken by credit unions to lending is enabling members to save while they borrow. Save As You Borrow (SAYB) is a practice used by some credit unions to...