News & Insights
The FedNow® Service is a new instant payments rail that will redefine the way your members make payments. The FedNow Service represents the first new payment platform introduced by the Federal Reserve since the inception of ACH back in the early 1970s. This new payment network is designed to seamlessly facilitate instant payments throughout the United States.
Catalyst has seen a sharp uptick in derivative trading activity through the first half of 2023, and it appears more than just Catalyst clients are increasing their trading activity. Since the end of 2019, total derivatives outstanding have increased from $13.2 billion to almost $34 billion as of March 31, 2023.
Subordinated debt usage has exploded over recent years. Since the end of 2017, total outstanding subordinated debt has increased from $223.5 million to over $3.6 billion.
One of many efforts to restore confidence in the banking system following the 2008 financial crisis, this program was intended to fend off potential contagion in the banking sector in the event of another severely adverse credit default.
Subordinated debt has remained at the forefront of credit union strategic initiatives throughout 2022 and into 2023, despite rising interest rates.
Attending my first Young Professionals Conference representing Catalyst Corporate was an inspiring experience. I thoroughly enjoyed all the speaker sessions, power hours andTommy Machun networking events Cornerstone Credit Union League (CCUL) hosted for young professionals.
What is the difference between the soon-to-launch FedNow℠ Service and other instant payments services? What is ISO 20022? How should my credit union prepare for the FedNow Service? Attendees generated more than 20 questions, including these, at Catalyst Corporate’s first no-cost Faster Payments Essentials webinar last week.
The U.S. debt ceiling situation has dominated news headlines the last few weeks, but the Treasury has been robbing Peter to pay Paul since January to meet its obligations. With time quickly running out, what are the possible implications for credit unions?
When considering interest rate risk exposure, it’s important to evaluate whether or not the Fed is done raising rates. If we assume they are not done, how high do rates need to rise to accomplish the Fed’s goals? If rates increase accordingly, how much more will mortgage rates rise?
Today, 80% of American consumers believe speed, convenience and ease of payment are the most important elements of a positive customer experience, according to a study by PwC. Members desire more flexible banking options at their fingertips, whether it’s 24/7 access to services or on-the-go capabilities from their phone or computer.