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Cubus Solutions Newsletter: July 2015

 

All Bull. No Bubble.

We see tech startups popping up all over the place. Darlings of Finnovate. Touted as the next BIG thing by pundits that don’t have to risk their careers buying untested technology. Not a week passes without a tech startup earning a $1 billion valuation from venture capitalists, so becoming a “unicorn” in tech parlance. There are now more than 100 such firms, many of them in the financial technology space. It took Google years to mark that plateau and they didn’t hit it until after going public. Now the same pundits are saying that these crazy valuations could be the prescience of a bubble. I think some of these unicorns are just horses with sticks taped onto their head. Really? There are a few lessons here. Let’s go back to the basics. Real companies will always survive over the long haul, i.e. those with real products that solve real problems for real customers and earn real revenue. Patience pays off. Rome wasn’t built in a day. And if there is a bubble, we must all learn from the basics. At Cubus, we just keep doing what we do well, and continuously strive to do better. To solve problems. To service our customers. To adapt to the times. We’re real like that. Not a unicorn, just a strong bull.

~John-Ashley Paul, President/CEO

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Our Latest Addition – NRL Federal Credit Union Chooses Cubus Skip-A-Pay/DNA

NRL Federal Credit Union had been relying on manual processes to support their skip program. Although they had streamlined the process, it still involved manual intervention. Unavoidable human error was not only costing time, but money as well. They’ve solved that by integrating the Cubus Skip-A-Pay solution into their Fiserv DNA core banking system.

Press Release

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End Silent Attrition

What are the greatest obstacles to new account holders becoming fully engaged? How can your credit union overcome these obstacles and create profit from a historically unprofitable segment? Javelin Partners took a look at how financial institutions can better understand and abate silent attrition.

Read Article

Millennials and Credit Unions Go Together

Forbes reported on a recent study from T. Rowe Price which found that millennials are more savings conscious than their counterpart generations. In the study, 74 percent said they are more comfortable saving and investing money rather than spending it. The report says that millennials have a Depression-era mindset largely because they experienced market volatility and job security issues very early in their careers, or watched their parents experience them, and it has had a significant impact on their attitudes and behaviors. The millennial generation are savers, they embrace the co-op nature of a credit union, and they think hyper-local. They see the benefits of belonging to a credit union. Appeal to any of these characteristics through your marketing campaign and you are sure to see some movement.
Read the Forbes Article   See the Benefits

Did You Know?

Even self-signed SSL Certificates expire. Have you looked to see if any of your certificates need to be renewed?

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San Diego Conference 2015

Cubus will be in San Diego Aug 31 to Sept 2. We will be meeting with customers one-on-one. If there is something you'd like to discuss, see a demo or just say, "Hi", let us know, we'll schedule some time together.

Let's Meet in San Diego

 


Contact Us

855-394-3969
info@cubussolutions.com
www.cubussolutions.com