Fintech

Alibaba Group Holding Ltd. started offering a cloud computing service known as Ju Baopen for banks and securities firms, as China's largest e-commerce company ventures into financial-related services.

As the prepaid card market has matured, it has become a "business not for the faint of heart or haphazard investor" because of regulatory scrutiny and competition's effect on pricing, according to Aite Group.

CHICAGO — Three years will likely pass before Alliant Credit Union and The Golden 1 CU reach $10 billion in assets.

Credit unions are gearing up for the holidays, setting in motion a sleigh-full of annual year-end promos aimed at helping members enjoy and cope with a season that's often as stressful as it's supposed to be jolly.

FORT WAYNE, Ind. — It's no mystery to Public Service CU members how much the credit union's lending program is saving them - the total is right in the middle of the CU's home page.

WEST JORDAN, Utah — Mountain America Credit Union has improved its internal sales culture thanks to a team of sales consultants who make regular visits to its branches, resulting in significantly more new accounts and a Credit Union Journal Best Practices award.

POTTSTOWN, Pa. — Diamond FCU is making a lot of auto loans to young adults these days, but the real payoff isn't the asset dollars — it's the relationship.

FERNDALE, Mich. — Credit Union ONE has improved its employees understanding of complex regulatory issues and boosted fundraising contributions for credit union issues since launching an advocacy page on the CU's intranet site.

CLARK, N.J. — Aspire FCU is turning around consumer loans in minutes instead of days, has reduced expenses, and most important, is keeping member service high after closing six of its eight offices.

LONGVIEW, Wash., and SYRACUSE, N.Y. — Red Canoe CU and Empower FCU may have started something when they joined forces for lending "co-opetition" earlier this year.