Arvind Jangi

Looking to elevate workflow efficiency? Shastic's AI-Workflow-Automation platform is what your credit union needs to revolutionize operational efficiency and member engagement. Why Choose Shastic? -Streamline Processes: Automate to save time and minimize errors to focus on high-value tasks. -Enhanced Member Experience: Deliver personalized, digital-first services that exceed member expectations. -Drive Efficiency and Growth: Leverage predictive analytics for data-driven decisions, enhancing your competitive edge. -Seamless Integration: Effortlessly connects to your existing systems in minutes with minimal IT lift. 🔍 Transformative Impact From loan processing to member services, witness a tangible improvement in productivity, satisfaction, and ROI. Join the leaders who are already redefining the credit union industry with Shastic. 🌐 Schedule Your Demo Today Don't just keep pace with technology—lead the charge. Request your Shastic demo today and take the first step toward a smarter, more responsive, and member-focused future. https://hubs.ly/Q02Py-7B0 #AI #workflowautomation #efficiency #automation #creditunion #banking #workflow

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A driving factor in the growth of Same Day ACH payments is the ACH Network’s firm establishment. ACH is ubiquitous, and businesses and consumers are familiar with it. Unlike some of the newer real-time payment rails, virtually all FIs are connected to ACH, facilitating money movement regardless of the customer’s bank. “If you’re a business and you haven’t dipped your toe in the faster payments waters yet, start with what you’re familiar with, which is likely to be ACH,” Michael Herd, Executive Vice President of ACH Network Administration at Nacha said. “Same Day ACH is just a faster form of what you already know. It’s the same system and the same processes. You will have to adapt to the faster settlement of funds, but ultimately there’s a much lower barrier to entry.” Read more: https://lnkd.in/e3hiv_g2

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Fintech investments can make or break small FIs. Tyler Brown outlines how to build effective strategies and avoid common traps. #FintechStrategy #BankingInnovation #CCGCatalyst Fintech Investment Tactics for Small FIs – Tyler Brown https://lnkd.in/grVrchy6

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The number of community FIs continues to shrink as megabanks and big regionals continue to expand their footprints into smaller markets. If you're a #communitybank or #creditunion looking to differentiate and compete against the big players and your peers, while also boosting primacy and organic growth, maybe it's time to find out more about BaZing. #banks #banking #noninterestincome #creditunions #communitybanking

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To all #CDFI #CreditUnions Worried About Losing Certification: On December 7, 2023, the Community Development Financial Institutions Fund (CDFI Fund) published a revised CDFI Certification Application. Since then, CUCollaborate has heard from many credit unions that they worry about retaining Certification under the revised application. So, over the last few months, we have been working hard to develop strategies -- and the necessary software to support them -- to provide credit unions the best chance of retaining Certification. Below are some of the strategies, including software we have developed: 1. Custom Investment Areas (IA): While the revised certification application has significantly diminished the potential impact of custom IAs, they are still a critical tool for credit unions within reach of Certification but not quite there. Our software draws mathematically optimized, custom IAs based on a credit union’s lending activity and financial services. 2. Financial Services Option Analysis: Under the revised application, credit unions that either have 60% by number and 50% of the dollar, or 50% by number and 60% by dollar, can retain Certification if at least 60% of the credit union's depository account holders are members of one or more eligible Target Markets. We have found that the combination of a mathematically optimized Custom IA and the Financial Services Option is particularly effective in retaining Certification, specifically in desperate cases. 3. Target Market API: We have developed a CDFI Target Market API which supports a number of strategies to ensure that you meet your target market lending requirements moving forward. We have established, and continue to add more partnerships, with Fintechs (like National Auto Loan Network, LoanStar Technologies, GreenLyne, etc.) and loan participation platforms (like Aluvy, etc.) to help source qualified lending to ensure credit unions retain certification in the future. 4. CDFI Certification Dashboard: We have also developed a data analytics platform, allowing credit unions to monitor the necessary statistics to retain certification on a rolling basis to ensure that if they start to fall behind, proactive action may be taken before it is too late. 5. CUSO Strategies: If all else fails, credit unions can leverage CUSOs to either help the credit union attain or retain Certification directly OR indirectly gain the many benefits conferred by CDFI Certification through a CDFI Loan Fund CUSO. We know the value of your CDFI Certification, which is why we have invested significantly in developing strategies and proprietary technology that help credit unions retain Certification. Moreover, the software we have developed allows us to help credit unions retain Certification in instances when it would simply be impossible without it. If you believe you are in jeopardy of losing your certification, please contact us: https://lnkd.in/gsysDMTp

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Unveiling GiveCard Bank Payments 🪄 We're talking about the incredible power of ACH and instant bank transfers via Fednow/RTP. Send bank payments that zip through, completing in mere moments. ⚡ No more conjuring up endless paperwork or waiting for days on end. With these magical instruments, disbursing funds becomes a breeze – swift, secure, and trackable every step of the way. 👣 ACH: A trusted tool for dependable, bulk payments to bank accounts. Instant Transfers: Instantaneous bulk disbursements, for when speed is crucial. GiveCard amplifies the magic further with effortless setup. Get started in minutes, no need to navigate complex mazes. Ready to embark on this financial quest? Join us in Givetopia, a realm where payments flow flawlessly, and organizations wield the power of instant disbursement ✨ Explore your options & enter Givetopia today: https://lnkd.in/g6CTNfVZ #ACH #Fednow #RTP #InstantPayments

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Kitchen table issues remain front and center for many customers and members at #communitybanks and #creditunions. Offering a checking product that delivers real value to them is the kind of brand reinforcement community FIs can't buy. Delivering not just value in a product but value across customers/members' lives is why BaZing has been boosting primacy, organic growth, and noninterest income to hundreds of community FIs that have joined us. What's more, as banking continues to become more competitive, BaZing helps community FIs differentiate from the competition. #banks #banking #communitybanks #creditunions #checkingproducts #primacy

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#FirstTech Chief Financial Officer Marito Domingo offers advice for navigating these tough economic times in a recent article in the Credit Union Times. Marito discusses the importance of strengthening one’s financial health and how First Tech can help. To read the full article - https://lnkd.in/gcAjgPUc

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Digital banking does not reign supreme for all services.

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Top three things to consider for Credit Union Leaders? Kirk Kordeleski says it the way it is because he deeply cares about the Credit Union Movement and the Industry. #profits #creditunions #automation Rajesh Patil

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Did you know? Voice banking is being tested or implemented by 28% of banks and credit unions. https://hubs.ly/Q02Pn3B90 #VoiceBanking #EmergingTech #FintechRocks #FintechFriday #YPR

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What's in store for ACH systems in the future? This blog offers compelling views from the Federal Reserve Financial Services and Alacriti. #ACH #payments #fintech

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Sparkle up your business with payment solutions for all credit types. You now have other solutions to offer to consumers who may not fit into your current offerings. Elevate your customer’s shopping experience. Learn how today. https://myaff.us/tpk1u5pl #PaymentSolutions #NewCustomers #AmericanFirstFinance

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Volante Technologies Releases Fourth Annual Mid-Tier Banking Report, Showing Record Investment Into Payments Modernization “With record demand for real-time payments and ISO 20022 compliance, investing in payments modernization is no longer optional for mid-tier banks seeking to remain competitive. In the U.S. especially, FedNow® and the RTP® network’s rapid adoption, combined with the upcoming Fedwire ISO 20022 migration, underscores the urgency for modernization,” said Deepak Gupta, EVP, Product, Engineering, & Services, Volante Technologies. “Cloud and PaaS will be game-changers for mid-tier level financial institutions seeking to leverage their unique flexibility and resources to modernize infrastructures, allowing them to offer specialized services and unlock new revenue streams,” https://lnkd.in/eQTxKZhc Assyria Graves Datos Insights Erika Baumann Nadish Lad Vinay Prabhakar Vijay Oddiraju Nicola Young Mukundan ATM Ganesh S. #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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In an exclusive interview with Banking Exchange, our CEO discusses major shifts in the banking sector, emphasizing the importance of a seamless onboarding experience and the potential for community banks to thrive with advanced technology. "Technology is more nimble and cost-effective than ever. Community banks have the market right here for them." Don't miss out on the first part of this compelling four-part series! https://hubs.la/Q02JDNxb0 #BankingTechnology #FintechRevolution #DigitalBanking #CommunityBanks #CustomerExperience

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Prepare to unlock the secrets of a financial institution that thrives at the nexus of traditional banking and revolutionary fintech, as we're joined by Adam Goller, EVP, Head of Fintech Banking at Cross River. Listen today. #payments #fintech

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In her newest blog, Morgan Hargis shares how automation in business banking can reduce time, improve cash flow, and help ensure you always have funds available to pay your bills and employees on time. 👉 Read it now at myfirst.bank/automate

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Farmers Insurance Federal Credit Union hit a remarkable 55% enrollment rate on Day 1 of their digital banking transition with Constellation 🌟 Elevate your Credit Union’s digital journey with Constellation Digital Partners! Our state-of-the-art solutions empower you to deliver seamless banking experiences to your members. #DigitalTransformation #CreditUnions #FinTech

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Community banks and credit unions are gaining momentum in the credit card issuing space. To maximize the value of their new cardholders, these smaller FIs need a solid early month on book strategy. Download our tip sheet for essential EMOB truths and consequences for community issuers ➡️

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