Core Insights - Point Predictive announced a new integration with MeridianLink, enhancing fraud prevention solutions for the lending industry [1][2] - The integration allows financial institutions to utilize Point Predictive's risk scoring and reporting capabilities within their existing workflows, improving fraud detection and streamlining the lending process [2][3] Company Overview - Point Predictive specializes in fraud prevention solutions, leveraging artificial intelligence and a proprietary data repository of over 87 billion risk insights to enhance lending confidence and speed [7] - MeridianLink provides modern software platforms for financial institutions, focusing on digital lending and operational efficiency [9] Integration Benefits - The integration features AutoPass technology, enabling lenders to automatically approve up to 80% of credit-approved applications while reducing documentation requirements for low-risk applicants [3][4] - It helps prevent 40% to 60% of loans that would default within the first 6-12 months, addressing significant lender losses [3] - The integration includes over 150 alerts to identify various types of fraud, enhancing the fraud detection capabilities of financial institutions [5] Early Adoption Results - Early adopters of the integrated solution reported a 45% reduction in stipulation requests and a 38% increase in loan conversions, demonstrating the effectiveness of the technology [6]

Core Insights - Tech CU has appointed Jean Barbagelata to its Board of Directors, where she will serve on the Compensation Committee and the Nominating and Governance Committee [1] - Jean Barbagelata has over 30 years of experience in senior leadership roles, particularly in scaling technology companies and fostering inclusive cultures [1][3] - Her previous role as Chief People Officer at Matterport, Inc. saw the company grow revenue by 400% and successfully navigate its IPO in 2021 [2] Company Overview - Tech CU is a $4.7 billion credit union based in the Bay Area, serving over 200,000 members across the United States [4] - The organization is a federally insured not-for-profit, focusing on delivering superior rates, lower fees, and outstanding member benefits for over 60 years [4] - Tech CU offers a range of financial products, including personal banking, wealth management, private banking, commercial lending, and business banking [4]

Core Insights - Financial institutions are focusing on operational efficiency, growth in deposits and loans, and combating fraud amid economic uncertainty [1][2] Group 1: Strategic Priorities - Banks prioritize growing deposits, increasing operational efficiency, and expanding loans [7] - Credit unions emphasize increasing operational efficiency, growing loans, and acquiring new accountholders [7] Group 2: Leading Concerns - Banks are primarily concerned with net interest margin compression, fraud losses, and talent acquisition/retention [7] - Credit unions are most worried about fraud losses, attracting younger accountholders, and cyberattacks [7] Group 3: Technology Investments - 76% of banks and credit unions plan to increase technology investments over the next two years, with a third expecting a 6% to 10% increase in tech spending [2] - Both banks and credit unions are investing in digital banking, fraud prevention, and automation to enhance user experience and address rising cyber threats [7] - Credit unions are heavily investing in artificial intelligence (AI), while banks have significantly increased their AI investments compared to last year [7] Group 4: Small Business Services - 80% of banks and credit unions plan to expand services for small businesses over the next two years, up from 78% in 2024 and 65% in 2023 [7] - The top planned services for small businesses include payments, digital service tools, and credit/lending [7] Group 5: Payment Services - 89% of financial institutions plan to introduce new payment services over the next two years, with FedNow® being the top priority [7] - Other payment priorities include digital card issuance, same-day ACH, and contactless cards [7]

Core Points - Granite Credit Union is hosting a grand opening for its Rancho Plaza branch on April 30, 2025, coinciding with Día del Niño, featuring community activities and giveaways [1][2][4] - The new branch represents Granite Credit Union's investment in the West Valley community and aims to foster connections among families and local businesses [2][3] - This event is part of Granite Credit Union's 90th anniversary celebration, highlighting its commitment to providing accessible financial services and supporting local communities [4] Company Overview - Founded in 1935, Granite Credit Union serves over 35,000 members and has assets exceeding $800 million, offering a range of financial products and services [5] - The credit union emphasizes financial education, trusted relationships, and exceptional service to empower its members [5] Event Highlights - The grand opening will include carnival activities hosted by Latinos in Action, a Cash Cube Experience for account openings or loan applications, and food vouchers for authentic Mexican dishes [6] - Exciting giveaways include a grand prize package for Real Salt Lake tickets and additional Rancho Market gift cards [6]