ORLANDO, Fla. - (04/04/05) E-mail holds great potential forcommunicating with select employee groups and credit unionambassadors, but many credit unions either underutilize thetechnology or get it wrong when they do use e-mail. That was amongthe observations made by Tony Rizzo, president of Pinpoint DirectMarketing in remarks before The Credit Union Journals SEG& Business Development Conference here. Rizzo outlilned aseries of strategies and best practices for credit unions to usee-mail more effectively during his 45-minutes of remarks at thepopular meeting, which was held at the Renaissance Hotel at SeaWorld. Why do most e-mail programs fail? Too many e-mails,not enough content, noted Rizzo. There is not enoughsynergy from the business development angle.
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Synovus Financial demonstrated at an industry conference how it is using Microsoft's Copilot to help its staff address customers' concerns.
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The U.S. arm of Spanish banking giant Santander has hired Swati Bhatia to oversee retail banking and its digital transformation efforts. Bhatia joins at "an inflection point" for the company, which aims to be "a digital bank with branches," CEO Tim Wennes said.
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Mariya Rosberg is named Americas head of banking and financial services at Marsh McLennan's Oliver Wyman unit; startup ZayZoon raised $15 million in a new funding round; and more in the weekly banking news roundup.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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Once a prominent figure spurring financial institutions to engage in cryptocurrency, Bankman-Fried's downslide began with the collapse of the digital asset exchange FTX in late 2022 and hit rock bottom with his sentencing to 25 years in prison.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
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