Exactly what is open banking? Is it just another pain in your regulatory butt? Is it an existential threat as you watch your precious data flow out the door to destinations you don’t control? Or is it a tremendous opportunity to provide your members with innovative new services that were simply impossible before?

The answer, as you may have guessed, is all three. The good news is that the opportunities for open banking far outweigh the negatives.

That the opinion of our guest today, Vlad Jovanovic, Velera’s Vice President of Innovation. He’s going to help us demystify this complex topic and uncover ways you can leverage open banking to help your credit union and your members.

If your credit union makes auto loans, do you offer a fully insured, residual-based, walk-away balloon loan? Do you even know what a fully insured, residual-based, walk-away balloon loan is? If you answered no to either question, this episode of TechSolutions4CUs is for you. In this episode, Auto Financial Group's President Tim Kelly explains:

• Why these loans offer your members the lowest possible payments of any financing product, including leasing.
• How these loans can be used for both new and used auto financing.
• How these loans can be used for both direct and indirect lending.
• How these loans can even be used to refinance a delinquent loan down to a lower payment.
• Why AFG technology eliminates all the risk for your credit union.

CEOs, CFOs and CLOs, don't miss this episode.

It's easy to fool ourselves into thinking the whole world has gone digital. That means it's easy to lose sight of the tremendous impact check and document fraud can have on your credit union. The truth is, check fraud is on the rise. That means credit unions must be more vigilant than ever and deploy technology more wisely than ever to fight this seemingly never-ending battle.

In this episode, host John San Filippo and Parascript's Vice President of Business Development Ati Azemoun discuss the problem of check fraud and document alterations, as well as areas that credit unions should consider for loss prevention, member protection and process improvements.