First West Capital's accomplishments of 2016

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First West Credit Union is the third-largest credit union in British Columbia by asset size following Vanity and Coast Capital Savings. Led by Chief Executive Officer Launi Skinner and with close to 250,000 members and nearly $11 billion in assets under administration, First West was formed in January 2010 when Envision Financial in Langley amalgamated with Valley First Credit Union based in Penticton. First West Credit Union acquired Enderby & District Credit Union based in Enderby, BC, in 2013. Island Savings joined First West on January 1, 2015. It is insured by the Credit Union Deposit Insurance Corporation of British Columbia.

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American Equity Mortgage, Inc.

Over the last 25 years, American Equity Mortgage, Inc. has grown to be one of the nation’s leading mortgage lenders and privately held direct lenders. With offices throughout the country, we're committed to one goal in everything we do- Get our customers and our employees to a better place in their lives. As an organization, American Equity Mortgage takes pride in offering our Mortgage Consultants and Mortgage Planners the best resources to achieve your career goals. From cutting-edge marketing system, comprehensive product offerings, unrivaled Operations team, to intensive training programs, we make a comprehensive commitment to you to provide all the tools you need to have a successful career.

OTHER ARTICLES

Connected Finances: Top Benefits of Using IoT Technology in Banking

Article | February 19, 2020

Technology has always been the main force behind changes in the banking sector, and now the Internet of Things is going to change the nature of banking itself. If we step back from such isolated technologies like blockchain or the smartphone and try to see the global picture, we easily notice that something is changing, and that’s the way of global digitalization in the financial sector.

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How FinTech Keeps Banks Focused On Customer Experience With AP Automation

Article | February 19, 2020

FinTechs are helping banks focus on the customer experience through accounts payable (AP) automation. AvidXchange Senior Vice President of Financial Services Boyce Adams Jr. told PYMNTS in an interview that banks foundationally value “the relationship they have with the customer” and “they understand the customer.” These financial institutions are providing lines of credit, and he says it’s the company’s job as a leader in FinTech to provide banks with the products and solutions that are going to help them advance their case with the customer.

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THE DIGITAL TIPPING POINT IN FINANCIAL SERVICES

Article | February 19, 2020

There is a huge transformation underway in the financial services industry. Over the past year – as a result of the COVID-19 pandemic – clients have been forced to take on more of an active role in monitoring and planning for financial uncertainty. But the big change is that these clients have become much more emotionally invested in their organisations’ financial wellbeing. In a time where everything is digital first, it’s no surprise that many clients want to be able to search for answers themselves, escalate issues quickly and receive the support they need to better navigate the uncertain economic landscape, at speed. Of course, as clients demand a smoother and more fulfilling experience, we’re seeing a shift in how financial services companies manage their business model for success in the long term. Whilst, stereotypically, the financial services industry has been considered ‘old school’, and in many cases still lags behind other industries in the digital transformation race, the pandemic is proof in point that relying on legacy systems is just not an option for the sector anymore. Thriving during turbulent times The good news is that many organisations in the sector are already rising to the challenge, adjusting their products and services to meet the needs of customers who might have been struggling through the pandemic themselves. Siemens Financial, a division of Europe’s largest manufacturing company, for example, moved quickly to scale their service to meet surges in customer needs. The financial arm provides B2B financing solutions to a large client base covering both small businesses and large corporations. When the pandemic struck, while the company was quickly inundated with requests for support, they had the right mindset and tools already in place to keep things running smoothly. At the onset of the pandemic, the organisation witnessed a 30 percent increase in customer support ticket volumes. Like with all other businesses operating in the service industry, the team were challenged with managing a huge influx in client requests, whilst maintaining their core offering of delivering a personal service to every client. Based on a data-driven decision, the team moved its entire operation online, within 48 hours. In doing so, they were able to respond to new tickets during the peak of the pandemic within just six to seven hours, plus decrease resolution time from 24 hours to little more than eight. What’s more, they quickly moved the entire team to a remote working set up. Frictionless digital services are paramount to remaining resilient in the face of COVID-19. Of course, for all organisations, this means saying goodbye to those spreadsheets used to track customer data and instead, embracing custom built support solutions providing real-time insights to support businesses in making decisions, at speed. Investing now, for a successful future However, for organisations who have more traditionally operated off of old or outdated legacy systems, it can be hard for them to visualise what a more digital way of operating could look like in practice. As you think about the road to recovery, it might therefore be worth considering where to invest first for the best return. For example, according to the Zendesk Customer Experience Trends Report 2021, 67 per cent of customers are willing to spend more at a company providing them with a good experience. Whilst it may feel like the thriving organisations are the ones investing lots of money into CX technology, it’s clear that investment - or lack thereof - is being felt by customers too. We’ve reached the digital tipping point - where holding at the status quo will actually put companies further and further behind. It’s about equipping your employees with the right technology, at the right time. We saw that Siemens Financial could keep track of customer conversations remotely, with minimal disruption. This is because the flexible platform they used to keep track of the customer experience provided their service agents with a 360 view of all clients’ prior interactions with the team. For example, whether they’ve used WhatsApp, the phone, or email to communicate with the brand, for customer experience agents using an omnichannel platform, the conversation looks the same.

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How machine learning is changing financial services

Article | February 19, 2020

Artificial intelligence (AI) has become integrated into our everyday lives. It powers what we see in our social media newsfeeds, activates facial recognition (to unlock our smartphones), and even suggests music for us to listen to. Machine learning, a subset of AI, is progressively integrating into our everyday and changing how we live and make decisions.

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Spotlight

American Equity Mortgage, Inc.

Over the last 25 years, American Equity Mortgage, Inc. has grown to be one of the nation’s leading mortgage lenders and privately held direct lenders. With offices throughout the country, we're committed to one goal in everything we do- Get our customers and our employees to a better place in their lives. As an organization, American Equity Mortgage takes pride in offering our Mortgage Consultants and Mortgage Planners the best resources to achieve your career goals. From cutting-edge marketing system, comprehensive product offerings, unrivaled Operations team, to intensive training programs, we make a comprehensive commitment to you to provide all the tools you need to have a successful career.

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