Effectiv: Tackling the Surge of Cyber Threats in Credit Unions
Release Date: 02/07/2024
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VentureTech Launch(pod)
Join us for a chat with Martin Walker from Curql Fund. Martin discusses the vital role of credit unions as not-for-profit banking providers and the challenges they face amidst industry disruptions. He emphasizes the importance of credit unions staying relevant and thriving, highlighting how they can learn from fintechs to enhance member relationships and back-office efficiencies. Martin shares insights on Curql Fund's journey, focusing on investing in fintechs that empower credit unions with innovative solutions. The conversation also touches on overcoming fear of the unknown in fintech...
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Effectiv: Tackling the Surge of Cyber Threats in Credit Unions
VentureTech Launch(pod)
In this insightful episode of VentureTech Launch(pod), we dive into a crucial discussion with Ravi Sandepudi, CEO of Effectiv, about the growing challenges of fraud in the credit union sector. Ravi, with his extensive experience of nearly two decades in fraud detection, sheds light on the alarming increase in digital fraud, particularly as credit unions rapidly transitioned online during the pandemic. Effectiv, a fraud detection software company, is at the forefront of this battle, offering cutting-edge AI-based solutions to protect credit unions and their members from sophisticated cyber...
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Investing Made Easy: Revolutionizing Credit Union Services with Mart Vos
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In this engaging episode of VentureTech Launch(pod), we are joined by Mart Vos from Eko. Vos delves into the challenges Eko is addressing in the credit union movement, particularly focusing on the investment opportunities within banking. Coming from the Netherlands, Vos noticed a stark contrast in the investment culture between Europe and North America. He observed that in the U.S. and Canada, investment opportunities through banking institutions were limited, especially for those with smaller savings. Eko aims to bridge this gap by integrating investment options within the digital banking...
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Closing the Digital Gap: Chimney's Innovative Tools for Credit Union Growth
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In this episode of VentureTech Launch(pod), Chase Neinken shares his passion for addressing the significant challenges credit unions face in the digital age, particularly in competing with fintech giants like NerdWallet, Zillow, and Credit Karma. He emphasizes the importance of providing beautifully designed, user-friendly tools that enable credit unions to compete effectively in the consumer landscape. Chase elaborates on the unique solutions Chimney offers, like interactive, white-labeled tools integrated within credit union websites and online banking, bridging the gap between...
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Reshaping Credit Union Marketing: Nickels' Data-Driven Approach to Member Financial Health
VentureTech Launch(pod)
In this episode of VentureTech Launch(pod), Joseph Gracia from Nickels offers a unique insight into solving a critical problem in the credit union space. Drawing a parallel to his early experiences with Columbia House and its clever marketing strategies, Joseph explains how major credit card companies use similar tactics to entice consumers, often leading to financial strain. Nickels addresses this issue by analyzing credit union members' checking account data to identify their spending patterns on other credit cards. This approach enables credit unions to offer more personalized, relevant...
info_outlineIn this insightful episode of VentureTech Launch(pod), we dive into a crucial discussion with Ravi Sandepudi, CEO of Effectiv, about the growing challenges of fraud in the credit union sector. Ravi, with his extensive experience of nearly two decades in fraud detection, sheds light on the alarming increase in digital fraud, particularly as credit unions rapidly transitioned online during the pandemic.
Effectiv, a fraud detection software company, is at the forefront of this battle, offering cutting-edge AI-based solutions to protect credit unions and their members from sophisticated cyber threats. Ravi reveals startling statistics, noting that fraud in the U.S. amounts to a staggering 90 billion dollars, emphasizing the multifaceted impact on financial institutions beyond just monetary losses, including operational, reputational, and regulatory costs.
This episode offers a compelling look into the escalating issue of digital fraud in the credit union sector and how companies like Effectiv are employing sophisticated technologies to safeguard institutions and their members. Ravi Sandepudi's insights highlight the evolving landscape of financial security and the critical role of fintech innovation in addressing these challenges.