Our strategy is based in a belief that technological evolution in today’s credit unions provides an opportunity to shift the paradigm of exam protocols away from a point in time activity that occurs at either a 12 or 18 month cycle to a process that allows for continuous surveillance and observation of strategic decisions, credit…
Few if any credit unions have implemented modern statistically driven procurement strategies, which allow them minimize inventory costs, decrease the chances of both overstocking and ever running out of mission critical supplies and take advantage of scalable purchasing opportunities.
Regulatory requirements have forced the evolution of Vendor Management from a static process to a dynamic event. Constant review of your vendor relationship is the new standard, both objectively; audits, financials, insurances doc, etc., and subjectively news feeds, community based evaluations, etc.
Invest in a network initiative to learn the requirements for the next generation digital loan transactions; notary requirements, digital asset management and a hub for external resources requiring security interest in digital eNote. Identify most likely asset classes to be impacted by digitization of the lending work flow and strategies to monetize.
Cyber attacks. Silk Road and the theft of bitcoins on early digital exchanges. State and federal regulations built for a world of fiat currency. Barriers to the legal adoption and deployment of money built on distributed ledgers produced by cryptographic-strength algorithms are real and evolving. Credit unions are, at their core, ledgers of members’ accounts…