Technology

Technology Council Identifies Five Top Tech Trends

Mobile services—and malware—are at the forefront.

June 20, 2013
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5. Credit Union Financial Exchange (CUFX)

Change and innovation are increasing at an accelerated pace. Demand for seamless delivery across channels and technologies continues to drive investments.

For credit unions to grow, provide the best member experience across all channels, and remain competitive in the marketplace, they must continually improve their technical infrastructure.

One barrier credit unions face today is the highly inefficient systems integration process required to connect applications.

Credit unions need to provide the sophisticated, seamless experience that consumers demand. With a single technology standard, both credit unions and vendors will be better able to deliver these solutions rapidly and elegantly.

That’s why the credit union movement needs a single integration standard such as CUFX.

Experts from leading credit unions and top vendors are coming together on CUFX, an initiative of the CUNA Technology Council, to develop standards that will make product and service integration across the credit union movement faster, easier, and less expensive.

CUFX standards will be vendor-agnostic. A certification program will allow vendors to acquire a “CUFX Certified” designation.

Stay tuned.

Visit the CUNA Technology Council website for more information.

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Great article! Unfortunately, most employees don’t feel valued or appreciated by their supervisors or employers. In fact, research has shown that the predominant reason team members quit their jobs is because they don’t feel valued. This is in spite of the fact that employee recognition programs have proliferated in the workplace – over 90% of all organizations in the U.S. has some form of employee recognition activities in place. But most employee recognition programs are viewed with skepticism and cynicism – because they aren’t viewed as being genuine in their communication of appreciation. Getting the “employee of the month” award, receiving a certificate of recognition, or a “Way to go, team!” email just don’t get the job done. How do you communicate authentic appreciation? We have found people have different ways that they want to be shown appreciation, and if you don’t communicate in the language of appreciation important to them, you essentially “miss the mark”. Additionally, employees need to receive recognition more than once a year at their performance review. Otherwise, they view the praise as “going through the motions”. A third component of authentic appreciation is that the communication has to be about them personally – not the department, not their group, but something they did. Finally, they have to believe that you mean what you say. How you treat them has to match the words you use. If you are not sure how your team members want to be shown appreciation, the Motivating By Appreciation Inventory (www.appreciationatwork.com/assess) will identify the language of appreciation and specific actions preferred by each employee. You then can create a group profile for your team, so everyone knows how to encourage one another. Remember, employees want to know that they are valued for what they contribute to the success of the organization. And communicating authentic appreciation in the ways they desire it can make the difference between keeping your quality team members or having a negative work environment that everyone wants to leave. Paul White, Ph.D., is the co-author of The 5 Languages of Appreciation in the Workplace with Dr. Gary Chapman.

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