HARAHAN, La. – ASI FCU has signed with Wolters Kluwer Financial Services to install the company’s AppOne indirect online loan system.
AppOne automates indirect lending, credit approval and compliance processes for lenders and auto dealers.
ASI, at $300 million in assets, is one of the nation’s largest community development credit unions.
The social media app has partnered with Cross River to manage tasks such as compliance and deposit insurance. But fintech experts say more work is needed before X can threaten traditional banks.
Big banks, including San Francisco-based Wells Fargo, are eager to defend themselves from the competitive threat posed by stablecoins, analysts say.
The remittance company and stablecoin payments platform Rain are launching Stablecard, a digital wallet and Visa secured credit card backed by Western Union's stablecoin, the U.S. Dollar Payment Token, or USDPT.
Two presentations at The American College of Financial Services' CAAFP discussed how successful careers in the industry require both technical and emotional skills.
The Federal Deposit Insurance Corp. announced the launch of its Office of Supervisory appeals, which will be helmed by a panel of three officials with combined supervisory and banking experience and will review bank-led appeals of supervisory findings.
One advisor calls the expected transfer a mirage; others say it may simply unfold more slowly and require more intentional planning.
