Latest Articles

Boosting Member Loyalty with Term Deposits: A Guide for Canadian Credit Unions Why Term Deposits Matter More Than Ever for Credit Unions In today’s increasingly competitive Canadian financial landscape, credit unions are seeking reliable ways to deepen relationships with members while strengthening their deposit base. One strategy often overlooked? Credit union term deposits. Term deposits, including Guaranteed Investment Certificates (GICs),

Read more

Why Canadian Credit Unions Are Moving to Cloud-Based Core Banking Systems The Quiet Revolution in Canadian Credit Union Technology As Canadian credit unions face increasing competition from digital-first banks and rising member expectations, credit unions are accelerating their move to cloud-based core banking software. While Canada’s “Big Five” banks traditionally dominate the headlines, credit unions have quietly embarked on their

Read more

What Is a Core Banking System?  When it comes to managing, prioritizing, and adopting new banking technologies, there’s an awful lot to consider lately. From endlessly evolving digital transformation strategies that may include complex cloud migration initiatives and API-based integrations, banks, credit unions, and other financial institutions are tirelessly confronting a rapidly changing financial services landscape. While exploring new opportunitiesRead more

Banking technology is complex. Many of the largest banks and financial institutions in North America operate on a unique collection of financial applications, legacy systems, powerful programming languages, and modern digital platforms—all carefully integrated over decades of investment in core infrastructure. Apart from retail banking software and term deposit software, it’s arguably one of the most critical elements of a

Read more

It’s hard to imagine a financial product more fundamental to a bank’s success than a loan or a mortgage. Banks are built around lending, and these products form the cornerstone of a lender’s business, driving critical processes like origination, underwriting, approval, and funding. Managing and servicing lending products form the backbone of a financial institution’s overall operations. That’s why having

Read more

What Is Banking Software? Banking software encompasses a broad spectrum of digital solutions designed to facilitate and streamline the operations of institutions such as banks, credit unions, and other financial entities. Banking software systems enable the seamless execution of transactions, management of accounts, processing of loans, and a plethora of other financial services. The software encompasses a range of applicationsRead more

US Term Deposits offer strategic advantages for financial institutions and brokerages, as well as their clients. By focusing on product diversification, currency risk management, customized investment solutions, and the pivotal role of CDIC insurance, this article sets the stage for a comprehensive exploration of nominee-based and client-named US dollar guaranteed investment certificates (GICs). It emphasizes the importance of these depositsRead more

If you’ve ever wandered the warm, misty streets of Vancouver in the spring, driven the flat endless plains of the Canadian Prairies, or even grew up in small town Ontario, there’s a very good chance that you’ve seen a credit union here and there. Throughout Canada, both small and large independent credit unions are a staple of the communities they

Read more

What Is a Reverse Mortgage? Exclusively designed for seniors or individuals aged 55 years and older who either already own their home or are close to paying off their mortgage, a reverse mortgage is a loan that allows homeowners to borrow money against the equity in their homes. In contrast to a conventional mortgage, a reverse mortgage does not require

Read more

What Are the 5 Best GIC Software Features for Banks and Financial Institutions? Banks and financial institutions know that the right GIC software is one of the most critical components of a core banking system. It not only provides a trusted foundation for creating and offering a diverse range of deposit products that appeal to a wide range of investors,

Read more