Name: Credit Unions: Growing with Small Businesses Through Payments
Start: 2022-02-16T14:00:00Z
End: 2022-02-16T14:00:54.000Z
Location: BrightTALK
Rating: 0

Alacriti is a leading financial technology company dedicated to helping financial institutions and businesses accelerate their digital payments transformation, all without requiring legacy system overhauls or replacement. 
Alacriti's Orbipay Unified Money Movement Services delivers solutions across the payments ecosystem. Whether it’s real-time payments, digital disbursements, or bill pay, our cloud-based platform enables banks and credit unions to quickly and seamlessly deliver modern digital payments and consistent money movement experiences.  

The payments ecosystem is in a state of evolution, with the U.S. moving to adopt faster and real-time payments en masse. To compete with challenger banks and neobanks, banks and credit unions need to deliver tomorrow’s experiences, today with faster payment solutions delivered by scalable RTP technology. But how can financial institutions constrained by inflexible legacy platforms compete?

In this webinar, Jim Marous, Co-Publisher, at The Financial Brand and Al Griffin, Principal Solutions Consultant at Alacriti tackle the tough questions surrounding payments modernization and orchestration, why some financial institutions are lagging behind challenger banks and neobanks, and how they can position themselves to compete in the payments landscape.

Key Takeaways:

•What ‘payments modernization’ really means today
•What challenger banks and neobanks are doing right
•What do legacy financial institutions need to do today to deliver modern payment solutions

Payments Modernization: What Does It Really Mean

The ongoing low-interest rate environment has continued to drive both interest and volume in most credit union loan portfolios. Getting the loan on your books is just the first step, but what happens once the ink dries is just as important to your institution. It’s important to ensure that your credit union’s loan portfolio is successful, and focusing on the entire lifecycle of the loan from open to payoff is key.

In this webinar hosted by CUInsight, Granite Credit Union and Alacriti talk through the entire lifecycle from opening to disbursement all the way to the final payoff and share how fintech providers can help you improve the performance of your portfolio and give you the keys to improve member experience at the same time. Speakers also covered:
 Why the user experience is so important for credit union loan portfolios
 How credit unions can lower servicing costs for their loans
 How Granite Credit Union drove digital bill pay adoption
 Fighting disintermediation from digital wallet providers and challenger banks with Unified Money Movement
 Aligning your digital transformation with your money movement experiences

How to Have More Valuable Loans

The U.S. has come a long way in its journey to real-time payments, with TCH and Zelle in market and FedNow just around the corner. COVID-19 has accelerated the demand to move to real-time. Yet many financial institutions remain unconvinced of the need to move, with less than 3% of financial institutions signed up today.

In this Banking Exchange hosted webinar Celent’s Gareth Lodge, Senior Analyst, Global Payments, and Alacriti’s Mark Ranta, Payments Practice Lead, discuss the findings in the Celent research report, Real-Time Payments in the US Market: Speeding Up or Slowing Down?

Real-Time Payments in the U.S. Market

In this webinar, Celent and Alacriti discuss what 2022 has in store for payments – and it’s a lot! Financial institutions have plenty to focus on, from changes in consumers’ payment habits to addressing the issues they had prior to the beginning of the pandemic, and not least the need to modernize their payment solutions to support new payment methods and rails. Two themes, in particular, are being discussed at every bank – cloud and real-time payments. With FedNow round the corner, the move to ISO20022 for wires getting ever closer, and Zelle well and truly here, the presentation will focus on how banks should approach this once in a lifetime opportunity to be at the forefront of change.

How Covid-19 has impacted payments in U.S. banks
What happened in 2021, and what it means for 2022 and 2023
How real-time payments and RfP will come of age in 2022
How with the impending FedWire cut-over, payments modernization is now no longer a nice to have, but a critical business risk
What actions banks should be taking today to ensure they meet the deadlines

Payments in 2022: What You Need to Know

We are at the forefront of a major shift in how money moves within the banking and financial sectors, driven by consumer demand and technological capability. Based on recent consumer research from American Banker (Arizent), we know that consumers are looking for: faster payouts and financial transactions, low-cost/no-cost money transfers or bill payment services, and secure but easy-to-use identity authentication.

In this webinar, American Banker and Alacriti discuss results of the research report, Money Movement and the Future of Financial Services, and what financial institutions should be thinking about now, including:
•  Consumer experiences and expectations of financial transactions
•  What happens when organizations fail to meet fast money expectations
•  Preferences for ID authentication methods
•  Consumer subpopulations driving change
Don’t miss this opportunity to learn what your customers are doing and thinking when it comes to their money, as financial institutions that fail to heed the call for speed may open the door for a rival.

Money Is Moving Faster: Is Your Institution Keeping Pace?

The U.S. has come a long way in its journey to real-time payments, with TCH and Zelle in market and FedNow just around the corner. COVID-19 has accelerated the demand to move to real-time. Yet many financial institutions remain unconvinced of the need to move, with less than 3% of financial institutions signed up today.

In this Banking Exchange hosted webinar Celent’s Gareth Lodge, Senior Analyst, Global Payments, and Alacriti’s Mark Ranta, Payments Practice Lead, discuss the findings in the Celent research report, Real-Time Payments in the US Market: Speeding Up or Slowing Down?

-U.S. specific challenges for payments overall
-Why there’s been a slow start in real-time payments
-How the picture is actually better than it seems
-A real-time payment isn’t just a faster ACH—the important use cases for FIs
Celent’s outlook for the future of payments

COVID-19 hit every corner of the world, forcing people to alter their everyday behavior. With limited day-to-day in-person interactions, the on-demand mentality of everyday consumers grew stronger. This way of thinking reached the world of payments, with apps such as Venmo and PayPal leading the charge. People began to expect immediacy when sending and receiving money.

In this webinar, speakers from Mercator and Alacriti discuss the report Payments Infrastructure Outlook and the following:
-How the pandemic affected payments modernization
-Where senior-level bankers stand on payments modernization technology
-How to utilize the cloud as a strategic tool
-Where revenue will come from real-time payments
-The roadmap for real-time ROI

Payments Infrastructure Outlook: Real-Time Payments Takeover

Consistent, modern digital banking and payments experiences are now table stakes. Digital wallet providers, fintechs, and challenger banks can deliver intuitive, customer-centric banking experiences like embedded lending, real-time payments, and direct payroll deposit—and they are entering the market at an alarming rate. In today’s landscape, what are customers really expecting for next-level service in payments?
In this ICBA hosted webinar, Alacriti and Glia discuss payments modernization that covers:
 Market divergence in digital financial services
 What disintermediation means today
 What payments modernization means when it comes to money movement
 How RTP can better serve customers when it comes to payroll, P2P and A2A transfers, disbursements, and business
 What customers expect for true digital customer service

Transforming the Digital Customer Experience

The ongoing low-interest rate environment has continued to drive both interest and volume in most credit union loan portfolios. Getting the loan on your books is just the first step, but what happens once the ink dries is just as important to your institution. It’s important to ensure that your credit union’s loan portfolio is successful, and focusing on the entire lifecycle of the loan from open to payoff is key.

In this webinar hosted by CUInsight, Granite Credit Union and Alacriti talk through the entire lifecycle from opening to disbursement all the way to the final payoff and share how fintech providers can help you improve the performance of your portfolio and give you the keys to improve member experience at the same time. Speakers also covered:
 Why the user experience is so important for credit union loan portfolios
 How credit unions can lower servicing costs for their loans
	How Granite Credit Union drove digital bill pay adoption
	Fighting disintermediation from digital wallet providers and challenger banks with Unified Money Movement
	Aligning your digital transformation with your money movement experiences

Businesses are becoming more aware of how to use payments as a market differentiator and subsequently recognizing when their financial institution is not able to help them keep up with the industry, particularly direct competitors. As part of this, payments are shifting not only from checks to electronic payments but from electronic payments to MORE electronic payments.

In this Credit Union Times hosted webinar, Aite-Novarica Group and Alacriti discuss:

- Recent Aite-Novarica corporate research on small business adoption of electronic and faster payments
- How credit unions can gain market share by educating small business clients on how to use payments technology
- The potential opportunity cost of not modernizing to keep up with market demand
- Recommendations on what credit unions can do to optimize their electronic payments

Credit Unions: Growing with Small Businesses Through Payments

Adoption

Credit Union

Digital Banking

Digital Transformation

electronic payments

Fintech

Payments

payments modernization

Small Business

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Credit Unions: Growing with Small Businesses Through Payments

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