Insights from Catalyst

Welcome to Catalyst Corporate's blog - Insights from Catalyst. Here, read what thought leaders have to say about credit union news, trends and industry happenings. Have a blog idea, want to contribute or need to know more? Contact the Communications Team

  • New Year, New You? The Unfortunate Truth about Synthetic Identity Fraud

    January 23, 2020 | Justin Lutes

    This new year, you may have resolved to make a change in your life. Maybe you’ve even gone so far as pledging to become a “new you” in 2020. But someone may have already claimed that “new you,” stealing your credentials and using them to create a new identity. Identity theft is a growing problem, resulting in millions of dollars in damage around the world. And now, there is a modern twist to this old and costly problem: synthetic identity fraud.
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  • From LIBOR to SOFR: 7 Things You Need to Know

    January 09, 2020 | Casey Peterson & Chris Shipman

    Since the announcement that the London Interbank Offered Rate (LIBOR) would be phased out at the end of 2021, many new developments have occurred. The main development has been the Alternative Reference Rate Committee (ARRC) replacing the U.S. dollar LIBOR with the Secured Overnight Financing Rate (SOFR). Other developments have included increased SOFR-based issuances, standardized fallback language and the development of a SOFR term structure.
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  • #1 Internet Crime with the Highest Losses? Business Email Compromise

    December 12, 2019 | Justin Lutes

    Business Email Compromise is a scam that targets both businesses and individuals performing wire transfer payments.​ The scam is frequently carried out when a subject compromises legitimate business email accounts through social engineering or computer intrusion techniques to conduct unauthorized transfers of funds.​
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  • Thriving in the Now: Digital Transformation with an Eye on the Members

    November 21, 2019 | Vincent Armato

    How can credit unions differentiate themselves from competitors and not just survive, but thrive, in today’s digitally-driven market? Two words: digital transformation.
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  • The Latest on our New Friend, CECL

    November 14, 2019 | Kevin Schlangen

    The effective date for the new Current Expected Credit Loss accounting standard, or CECL, has been extended, so now what?
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