This is an excerpt from FinAncIal: Helping Financial Executives Prepare for an Artificial World. Grab your copy here!
This case study covers the leading player in AI-based small-dollar lending for credit unions, QCash.
Stay tuned to the CU 2.0 blog while we feature more excerpts from our financial guide to AI!
Purveyors of short‑term credit and small‑dollar loans have gotten an understandably bad rap in the last couple decades. And it makes sense—before regulations, some interest rates on these loans went as high as 1,000%. Even today, short‑term loan interest rates climb over 600% in some states. In many ways, the reputation that short‑term credit earned was, well, earned. But it doesn’t have to be that way. And frankly, it shouldn’t be.
Continue reading “AI Case Study: QCash” →
This is an excerpt from FinAncIal: Helping Financial Executives Prepare for an Artificial World. Grab your copy here!
This case study covers the leading player in AI-based digital onboarding for credit union members, Digital Onboarding.
Continue reading “AI Case Study: Digital Onboarding” →
This is an excerpt from FinAncIal: Helping Financial Executives Prepare for an Artificial World. Grab your copy here!
This case study covers the leading player in AI-based credit union chatbots. Posh Technologies’ conversational AI includes capabilities for web, SMS, social, mobile, IVR, and home digital assistants, such as Amazon Echo and Google Home.
Stay tuned to the CU 2.0 blog while we feature more excerpts from our financial guide to AI!
Continue reading “AI Case Studies: Posh Technologies” →
How many direct auto loans do you preapprove for members? Aaaaand how many of those members end up with dealer financing?
Dealer financing won’t be terribly advantageous to the member. Any former car salesman will tell you that financing is where they really make their money. And it’s also where you lose it!
So, let’s dig into a new CUSO, Loanify, to see how they help credit unions grow their loan portfolios… and help members get better deals on their cars.
Continue reading “Growing Your Direct Auto Loan Portfolio with Loanify” →