Here you’ll find the latest industry insights on timely banking/credit union topics, product and informational videos, and original content drafted by Velocity’s subject matter experts.
White Papers
Our white papers are drafted by Velocity’s subject matter experts and feature in-depth research, trends and informed views on a variety of timely banking topics.
White Paper:
Drive Deposits & Fuel Checking KPIs with The Retail Performance Engine™
What should financial institutions be doing in this environment to boost their most important retail KPIs and keep deposits flowing? Download our free white paper!
White Paper:
Beyond Overdraft: Helping Consumers Manage Liquidity
Download this comprehensive white paper from Cornerstone Advisors, based on a Q2 2022 online survey of 3,000 US consumers that explores consumers’ use of, experience with, and attitudes towards overdraft protection services and with overdraft activity on their checking accounts.
White Paper:
Overdraft Changes Bring a New Competitive Landscape
In this new white paper, Velocity’s CEO points out the real truth about what the big banks are doing. From the headlines, you’d think they’ve all eliminated overdraft fees, but that’s just not true.
White Paper:
Overdraft Isn’t Over
Industry pundits prognosticate on how overdraft is going away, and create the impression that all consumers detest overdraft and want the service to end. In this detailed white paper, Christopher Leonard explains that while changes may occur, overdraft is most definitely not over. Download the white paper now.
White Paper:
The Battle for Small Business Lending 3: Effective Rallying Cries to Bring the Borrowers to Your Side
In Part 3, we’ll talk about effective rallying cries to bring the business borrowers to your financial institution. In other words, why should they borrow from you rather than a challenger bank, online lender or even worse, a megabank?
White Paper:
The Battle for Small Business Lending 2: Go Digital or Get Defeated
In Part 2, we’ll discuss the power of a digital platform in defeating the competition! Digital technology allows your bank or credit union to provide small business loans efficiently, quickly and profitably.
White Paper:
The Battle for Small Business Lending 1: The Competition is Charging the Battleground
In this series, we will lay out a battle plan for overcoming obstacles and conquering the competition in the digital small business lending space.
White Paper:
The Reacquisition Imperative: Why Financial Institutions Must Reacquire Account Holders Through Digital Engagement
The megabanks are opening exponentially more accounts than regional banks, credit unions and community banks. Download our free white paper to learn why “Reacquisition” should be your 2023 strategy!
White Paper:
Digital Lending’s Top 3 Features
There are countless benefits to implementing a digital lending platform for community financial institutions that can lead to bottom-line savings and increased income.
White Paper:
Is Your Overdraft Program a Black Box?
Do you really understand how your overdraft management program calculates overdraft limits? Can you explain the specific factors, trends and overrides that determine the overdraft limit?
White Paper:
Alternative Data is Here to Stay
Alternative data in lending is here to stay, and financial institutions that do not have a strategy in place to utilize this powerful tool will be limiting their lending potential.
White Paper:
Break Down Your Data Silos to Build Up Your Revenue
Banks and credit unions that are seeking to become more efficient, productive and agile need to centralize their data in order to build up their revenue!
White Paper:
Is Your Overdraft Program UNMANAGED?
Is your financial institution offering only static, one-size-fits-all overdraft limits? Giving every account holder the same overdraft limit means you’re working with an UNMANAGED program and limiting your ability to manage charge offs and address risk.
White Paper:
Digital Lending Increases Efficiency & Profitability
Learn how banks and credit unions can deliver commercial & retail loans quickly, conveniently and profitably.
White Paper:
The Dramatic Evolution of Automated Overdraft Systems
In this white paper, learn how managed overdraft limits and custom communications combine to provide better service while addressing compliance directives.
Articles
Browse Velocity-produced articles and review company press releases.
Article:
Overdraft is Now a Buzzword that Masks the Real Industry Issue: Consumer Liquidity
Read this article co-authored by Joel Schwartz, Founder and Co-Chief Executive Officer of DoubleCheck Solutions, and Christopher Leonard, Velocity CEO.
Article:
Overdraft Isn’t Over
Industry pundits prognosticate on how overdraft is going away, and create the impression that all consumers detest overdraft and want the service to end. In this article, Christopher Leonard explains that while changes may occur, overdraft is not over.
Article:
8 Probing Questions to Ask
a Prospective Small Business
Lending Partner
Article:
A Paradigm Shift: Digital Lending in the “New Normal”
In response to the unprecedented COVID-19 pandemic and subsequent CARES Act, the rate of adoption and utilization of digital lending technology on behalf of borrowers and lenders has increased dramatically.
Article:
This Isn’t Your Dad’s Economy: Americans are Struggling and Community Financial Institutions Can Help
This isn’t your dad’s economy. Many of today’s consumers are struggling with a lack of cash and retirement savings. Consumers and the government agencies are counting on community banks and credit unions!
Article:
The Need is Real for Affordable Short-Term, Small-Dollar Loans
Many consumers would prefer to obtain responsible, affordable short-term loans to manage liquidity needs. Community FIs can provide these loans through automated processes and partnering with a fintech provider.
Article:
The Evolution of Overdraft – It’s not the Wild West Anymore!
Velocity EVP Steve Swanston discusses the evolution of overdraft services, from the early days of the “wild west” to the more recent management of overdraft as a valuable service and compliant line of business.
Article:
10 Considerations When Realigning Your Bank’s or Credit Union’s Overdraft Program
Is your financial institution considering a new overdraft program? Tim Barrett, Velocity DDA Strategist, outlines ten critical factors that should affect your decision.
Article:
Fintech & Financial Institutions: Friends, Not Foes
Consumers are increasingly demanding new technology, and community financial institutions have to keep pace! To do so, they must collaborate with fintechs and work together to create a synergy that neither entity can achieve alone.
Article:
Does Your Overdraft Management Program Offer These 5 Critical Features?
Does your overdraft solution meet the needs of your account holders, your regulators, your staff and your board of directors? Make sure it offers these 5 critical features!
Article:
Does Your Bank or Credit Union Have Digital Lending FOMO? It should!
Does your bank or credit union have the “Fear of Missing Out” on digital lending? You should! Here are the top reasons why you’re missing out!
Article:
A Data-Driven Overdraft Program Boosts Purchasing Power for Consumers, Businesses
Industry articles, lawmakers and even financial institutions may not realize the positive economic impact that overdraft programs provide—not only to consumers, but to the economy at large.
Article:
How do you create a competitive product lineup? Three is a magic number.
If your bank or credit union is evaluating your deposit products and whether they’ve evolved with industry changes, learn why we recommend the power of three.
Article:
Why Community Financial Institutions Need to Offer Dynamic Overdraft Limits
American consumers differ dramatically in their income levels, deposit behavior, transactional activity and ability to repay. So why would you offer the same limit to all your account holders?
Article:
Gaining Ground – How Community Financial Institutions Can Win the Battle for Deposits and Grow Revenue
The war for deposits is fiercer than ever, but community financial institutions can win the battle for deposit share from their larger rivals.
Article:
Capitalize on Overdrafts with a Consumer-Focused, Data-Driven Solution
Financial institutions that manage overdraft with outdated programs cannot capitalize on the opportunity to improve service and compliance.
Article:
5 Reasons Why You’re Not Offering Short-Term Loans. And Why You Should Reconsider.
We’ve compiled the top 5 reasons why community financial institutions are not offering short-term loans, and why they should reconsider!
Article:
Unlock the Value of Your Financial Institution’s Data
The proliferation of customer/member data and the ability to use it open up countless new service and revenue opportunities. But does your institution know how to put that data to work to boost service and performance levels?
Videos
View videos that focus on Velocity’s suite of solutions, client testimonials, and brief product demos.
Video:
Invitation Checking® System by Velocity Solutions – Account Acquisition Revolutionized!
Learn more about our solution that drives profitable new accounts through a multi-strategy, digital approach!
Video:
CashPlease Small-Dollar Consumer Loan Platform
See how easy it is for your account holders to apply for a small-dollar, short-term loan using the CashPlease platform.
Video:
Akouba Micro: How it Works
When business owners need a small loan to bridge a gap in short-term liquidity, they need help quickly and easily. That’s why we developed Akouba Micro, specifically designed to provide business microloans quickly, efficiently and compliantly.
Video:
Akouba Digital Business Lending Platform
In the lending space, financial institutions struggle to deliver loans quickly, conveniently and profitably. That’s why Akouba’s secure cloud-based SaaS platform has been designed and built to reduce end-to-end time, streamline operational processes and increase profits.
Video:
Digital Business Lending Platforms by Velocity Solutions
See a high-level overview of our digital business lending platforms, Akouba and Akouba Micro.
Video:
The Retail Performance Engine™
See how Velocity’s Retail Performance Engine can help your financial institution boost your most critical retail KPIs and drive low-cost core deposits!
Video:
Early Engagement Strategies for New Account Holders
See all the different ways Velocity Solutions can help you transform new account openers into active, engaged and profitable long-term account holders.
Video:
Akouba by Velocity Solutions
Keep Your Business Account Holders’ Business! Learn how Akouba creates a better experience for your business borrowers and loan officers.
Video:
Velocity CEO Presents at CUInsight’s Mini-Con Event
Christopher Leonard explains why “Overdraft is Not Over” in a breakout session at CUInsight’s “Mini-Con” Lead event on February 16, 2022.
Video:
Velocity CEO Interviewed at CUNA GAC
Christopher Leonard talks to CUTimes on the floor at CUNA GAC 2022 about the truth behind overdraft fees.
Video:
Velocity Executive Summits
Our clients discuss their expectations and experiences attending Velocity Executive Summits. Learn more: www.myvelocity.com/summits.
Video:
Why We Love Working With Velocity
We’re lucky to have such an amazing group of clients that we can truly call partners. And they feel the same way about us! See our clients talk about the benefits of working with the Velocity team.
Video:
Account Revenue Solution® Client Testimonials
Hear what clients have to say about the Account Revenue Solution®.
Video:
My Rewards® Premium Cards Client Testimonials
Hear what clients have to say about My Rewards® Premium Cards.
Video:
Invitation Checking® System Client Testimonials
Hear what clients have to say about the Invitation Checking® System.
Video:
Intelligent Limit System® Client Testimonials
Hear what Velocity clients have to say about the Intelligent Limit System®.
Video:
WEBINAR: Why Financial Institutions Must Reacquire Account Holders Through Digital Engagement
Watch the on-demand replay of this Webinar presented by Cornerstone Advisors and Velocity Solutions. You’ll learn what drives consumer engagement, what defines engagement and discover the Reacquisition Imperative.