TRADING SYSTEMS | February 13, 2023
One of the leading cloud-based digital banking solutions providers for banks and credit unions in the United States recently announced its launch of a podcast series, FIsionaries, to offer regional and community banks and credit unions insights, strategies, and tips to elevate their digital baking game.
FIsionaries is a podcast series that shines a light on financial institutions (FIs) on the cutting edge of digital transformation. It is sponsored by Alkami and hosted by banking and fintech expert Jim Marous. The podcast highlights FIs sharing lessons from their digital transformation journeys and insights from fintech partners and other industry opinion leaders.
The four critical themes-based topics for the podcast series include Customer Experiences, Transformational Culture, Fintech Collaboration, and Leveraging Data for Results. The initial four podcast episodes are now live on the Alkami YouTube page. The first episode is 'Enhancing the Customer Journey with an Innovation and Transformation Culture,' the second one is 'Building a Data Culture at a Community Financial Institution,' 'How a Data-Led Culture Transforms the Customer Journey' is the third, and the fourth one talks on 'A Strong Workplace Culture Generates Bottom Line Results.'
Allison Cerra, Chief Marketing Officer for Alkami, said, "FIsionaries features the most progressive FIs in the country—those that are transforming their digital banking channel into the primary sales and service channel for their institutions." She also said, "In addition, we are excited to feature fintech partners and industry thought leaders who can speak to a wide range of topics that will shed light on best practices in digital transformation. It is our vision that FIsionaries will become the go-to podcast for FIs looking for actionable insights they can leverage for digital banking success."
(Source: Cision PR Newswire)
Founded in 2009, Alkami Technology, Inc. is one of the leading cloud-based digital banking solutions providers for financial institutions in the U.S. The company allows clients to adapt quickly, grow confidently, and build thriving digital communities. It helps in transforming through retail and business banking, loan orientation, digital account opening and multi-payment fraud prevention solutions. Based in Plano, Texas, the company focuses on PFM Tools, BillPay, Multi Factor Authentication, MFA, and Family Banking.
FINANCIAL MANAGEMENT, FINTECH
LSQ | January 11, 2023
On January 10, 2023, LSQ and Calculum informed they would work together to combine LSQ’s working capital and supply chain finance solutions with Calculum's data analytics and technical know-how.
The strategic partnership between LSQ and Calculum streamlines as well as combines spend and supplier analytics to find ways to improve payment terms, offer financing solutions, and reduce the risk for both domestic and international trade.
As a part of this project, LSQ will be using Calculum's web-based Ada® platform to offer data analytics and artificial intelligence (AI) and help clients negotiate and optimize better payment terms and compare themselves to their competitors.
Brittany Hooper, Director of Strategic Partnerships at LSQ expressed, "LSQ and Calculum share a common goal: to ensure the stability and enhance the efficiency of our clients' financial supply chains, while unlocking the value of their payment terms." She further stated, "The collaboration helps us further our vision and expertise in financial supply chains and offer additional insights and tools for our corporate clients to unlock working capital and improve margins."
(Source: PR Newswire)
Calculum's VP of Global Sales, Pedro Rojas, sees cooperation as crucial to helping organizations maximize efficiency, working capital, and success in today's complex, technology-driven supply chains. Adding to this, he said, "The combination of Calculum and LSQ is exponential in its impact, and we are excited to bring this to market. "Calculum brings the data insights via AI analytics and LSQ the execution platform and liquidity options," he concluded.
(Source: PR Newswire)
Management of invoices and working capital is optimized using Calculum and LSQ. These financial systems and services provide a quick return on investment, the ability to monitor everything from the point of origin to the end of the payment, and also improve supplier relationships.
LSQ is a well-known name in working capital financing and payment solutions. With the fastest and easiest platform, on-demand payments, and data-driven credit and risk analysis, the company helps businesses and suppliers maximize cash flow and avoid risk. The Orlando-based company pioneered working capital finance and payments solutions. For more than 25 years, it has helped thousands of businesses improve their working capital, automate and speed up payments, and reduce risk by using new technology, credit, and risk expertise. As a result, LSQ accelerates billions in corporate and supplier payments annually and simplifies access to working capital so all businesses can grow and prosper.
CORE BANKING, FINTECH
Pacific Service Credit Union and Lumin Digital | January 20, 2023
On January 19, 2023, Lumin Digital announced that it established a multi-year agreement with Pacific Service Credit Union (Pacific Service CU) in California to promote an improved online banking experience for the latter's almost 70,000 members and assets worth over $1 billion.
Lumin's cloud-based online and mobile digital banking platform, set to launch in October, will provide better safety, security features, and seamless digital integration. This would help Pacific Service CU develop tailored experiences by providing personalized suggestions such as spending insights, financial guidance, savings goals, and fraud warnings.
Michelle Shelor, Chief Operating Officer of Pacific Service Credit Union, stated, "At Pacific Service CU, we've built a strong reputation for providing world-class products and services for our members." Michelle continued, "Our partnership with Lumin Digital will greatly improve the user experience and back-end processes. We are excited to bring this new technology to our members."
(Source – Cision PR Newswire)
Lisa Daniels, Lumin Digital's Chief Delivery Officer, indicated that Pacific Service CU's members would benefit from the cooperation. In a recent digital-banking analysis from The Financial Brand, U.S. financial leaders foresee four themes for 2023, all of which are Lumin's focus - digital transformation, boosting data and analytics, streamlining the customer journey, and extending digital product and payment capabilities.
"Addressing these critical areas hasn't always led to predictable outcomes for financial institutions in the past," Lisa Daniels said. "Lumin's thoughtful approach, experienced implementation teams, and innovative technology stack simplify this process greatly - providing Pacific Service CU with the confidence, security, and engagement they deserve from their digital partner," she concluded.
(Source – Cision PR Newswire)
About Lumin Digital
Lumin Digital, a majority-owned subsidiary of a PSCU, provides a cloud-native platform that redefines digital banking for financial institutions. The platform offers a complete and modern integrated suite of capabilities based on the industry's most sophisticated technology and best practices. In addition, through a patented engagement model that enables highly focused, actionable, and distinctive digital interactions, organizations will be able to create excellent user experiences across platforms, enabling more personalized journeys and connected relationships.
About Pacific Service Credit Union
Pacific Service Credit Union, headquartered in Concord (California), is a full-service financial institution. The company, recognized as a Bay Area Top Workplace from 2019 to 2022, has a talented, cohesive leadership team with an average of over 11 years of service. Meanwhile, San Francisco Business Times has also recognized its corporate generosity over the years, placing it in an elite group of businesses that give away more than 2% of its annual profits.