Velera news and trends

67% of FinTechs Prioritize Mobile Capabilities to Drive Growth and Engagement
Mobile // November 18, 2024

FinTechs are pursuing modernization to stay competitive, focusing on mobile capabilities and enhancing user experience. According to a PYMNTS Intelligence report, “The FinTech Innovation Agenda,” a collaboration with Velera, nearly two-thirds of FinTechs are prioritizing mobile feature expansion in the next three years, while refining...

Velera and RAI Collaborate on Credit Acceptance Programs
Credit Unions // October 30, 2024

Velera and RAI Partners have teamed up to offer credit unions access to solutions that include turn-down programs and portfolio acquisitions. The two credit union service organizations (CUSOs) will work together to provide these RAI Partners offerings, they said in a Wednesday (Oct. 30) press...

Velera Aims for Card Diversification With Arroweye Partnership
Partnerships // October 15, 2024

Credit union service organization Velera has launched a collaboration with Arroweye Solutions. According to a Tuesday (Oct. 15) news release, Velera has chosen Arrowye as a provider of card production, personalization and fulfillment for Velera’s debit and credit card portfolio. “We are pleased to add Arroweye services to our...

Fed Data Shows Credit Unions Making Gains With Cardholders and Non-Revolving Debt
Credit Unions // October 09, 2024

Spending on the cards may be slowing, non-revolving debt is still rising, and credit unions — as shown by the Federal Reserve’s latest data on consumer trends — are seeing account balances swell a bit. Which speaks to some of the hallmarks of these smaller...

Interviews & Exclusives
Credit Unions Trade Complexity for Simplicity and Win Customer Loyalty

November 18, 2024
“Complexity powers the status quo,” Karen Webster wrote in a recent column. And in financial services — particularly for credit unions —  complexity in the back office, and in member-facing interactions, the status quo is no longer acceptable. The constant flow of interactions between consumers, businesses and CUs demands a seamless and friction-free experience — […]

67% of FinTechs Prioritize Mobile Capabilities to Drive Growth and Engagement

November 18, 2024
FinTechs are pursuing modernization to stay competitive, focusing on mobile capabilities and enhancing user experience. According to a PYMNTS Intelligence report, “The FinTech Innovation Agenda,” a collaboration with Velera, nearly...

The Key to Capturing Gen Z: Credit Unions Embrace Digital Personalization

September 17, 2024
When it comes to digital engagement, there’s a lot at stake for credit unions. As detailed in “How Credit Union Innovation Can Drive Gen Z Engagement,” a PYMNTS Intelligence report...

Velera CEO Says Regulation and Cybersecurity Top Credit Union Watch List

September 04, 2024
Careful contingency planning and watching shifts and trends can help firms be prepared for challenges, Velera CEO Chuck Fagan writes in a new PYMNTS eBook, “Beyond the Horizon: How to...

Quick Reads
Velera and RAI Collaborate on Credit Acceptance Programs

October 30, 2024
Velera and RAI Partners have teamed up to offer credit unions access to solutions that include turn-down programs and portfolio acquisitions. The two credit union service organizations (CUSOs) will work together to provide these RAI Partners offerings, they said in a Wednesday (Oct. 30) press release emailed to PYMNTS. RAI Partners’ turn-down programs run parallel […]

Velera Aims for Card Diversification With Arroweye Partnership

October 15, 2024
Credit union service organization Velera has launched a collaboration with Arroweye Solutions. According to a Tuesday (Oct. 15) news release, Velera has chosen Arrowye as a provider of card production, personalization and fulfillment for...

Velera and Kinective Team to Help Credit Unions Integrate Financial Software

October 08, 2024
Credit union service organization Velera has launched a partnership with banking software company Kinective. The collaboration gives Velera’s credit union clients access to Kinective’s Gateway, an integration technology designed to eliminate the development...

Velera Innovation Alliance Aims to Drive Credit Union Growth

September 04, 2024
Credit union service organization Velera launched the Velera Innovation Alliance (VIA), an extension of Velera’s Fintech Engagement Program, which was first announced in April. The VIA is a coalition made...