Jan 2018: While vendor competition is viewed as a positive, Sabeh Samaha, CEO of the Miami Beach, Fla.-based technology consulting firm Samaha & Associates, said understanding the nuances of the credit union space takes time. As such, CU leaders should proceed with caution. “Credit unions must realize that fintech is not a new concept, but rather new terminology. Financial services firms have always been creating and offering technology services to credit unions,” said Samaha. “So credit unions have to better understand
Nov 2017: Samaha & Associates CEO Sabeh Samaha featured in Credit Union Management The Big Purchase Decision: For best results, the Board needs to set direction. . . By Charlene Komar Storey Excerpt: It happens over and over again at board meetings— in all types of credit unions, in all kinds of locations. The staff members start explaining the benefits of a rather large technological purchase they’re proposing. But not long after their greeting, they slip into a language that few of the directors
June 2017: Samaha Associates’ CEO Sabeh Samaha Featured in Credit Union Journal Article: Avoiding Core Conversion Missteps Avoiding Core Conversion Missteps by W.B. King You’d be hard-pressed to find a credit union that looks forward to a core conversion. The process is generally considered cumbersome and taxing, and that’s a best-case scenario. Still, there are steps CUs can take to make the process easier, and Credit Union Journal spoke with several core conversion industry experts about best practices. “There is a misperception that a
April 2017: Samaha Associates’ CEO Sabeh Samaha Featured in Credit Union Journal: Why CUs need to start thinking of vendor contracts like marriages Why CUs need to start thinking of vendor contracts like marriages by W.B. King Credit unions may want to start thinking about their vendor contracts a little differently, according to one observer. Don’t think of it just as a contract, but as a long-term partner – and a very intimate one, at that. “A vendor contract is like a marital agreement.