About Us

Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

A Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Social Media

Bluesky • Facebook • Instagram • LinkedIn • YouTube

Meet the Laser Focus World Team

Editorial

Sales

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology
My Watchlist
Indicators
Industrial Laser Index
Markets
Stocks
ETFs
Tools
Markets:
Overview
News
Currencies
International
Treasuries

Nutmeg State Financial Credit Union and Cotribute Celebrate Over Two Years of Transformative Partnership

By: via Business Wire

Achieving a 97.56% automation rate in application decisions, this leap in operational efficiency enables credit union to auto-decision up to 89.5% of applications with all necessary checks in place

Nutmeg State Financial Credit Union, a Rocky Hill, Conn.-based leading financial institution dedicated to serving its 43,000 members with innovative solutions with $565 assets, today announced the significant milestones achieved through its partnership with Cotribute, a pioneer in financial technology and an award-winning embeddable fintech platform helping credit unions grow deposits, loans and memberships. This collaboration, spanning more than two years, has propelled Nutmeg to the forefront of digital banking, setting a new standard for member experiences and operational efficiency.

John Holt, CEO of Nutmeg, said, “At Nutmeg, we envision a future where banking is not just a necessity but also a seamless part of our members’ lives. Through our strategic partnerships and the dedication of our cross-functional teams, we are breaking new ground in omnichannel service delivery, ensuring that every interaction is as meaningful as it is effortless. Our goal is to be more than just a financial institution; we aim to be a lifelong partner to our members, empowering them with the tools and support they need to achieve their financial dreams. Selecting Cotribute as a strategic partner reflects our shared vision in achieving innovation and excellence. Our partnership has proven successful due to Cotribute’s cutting-edge technology and collaborative approach which have been instrumental in transforming our operations and enhancing our member services.”

Through this partnership, Nutmeg has automated critical processes including fraud detection, Customer Identification Programs (CIP), Customer Due Diligence (CDD), Anti-Money Laundering (AML), and account creation, achieving a notable 97.56% automation rate in application decisions. This leap in operational efficiency enables the credit union to auto-decision 89.5% of applications with all necessary checks in place. For employees, the partnership has introduced best-in-class tools automating manual tasks, allowing them to focus on strategic initiatives.

Nutmeg COO and President Pat Ahern said, “In my decades of leading credit unions, Cotribute is one of the best technology partners that I have experienced. Its innovative growth platform helps us achieve our operational efficiency goals by layering an exceptional member experience over our legacy and core systems. Members now benefit from customized digital product flows, facilitating seamless transactions across devices and locations. Additionally, they have the convenience and flexibility of digital banking at its finest, akin to the service provided by leading fintechs.”

“Our collaboration with Nutmeg isn’t just about technology, it’s about crafting a future where credit unions feel empowered to lead with innovation and efficiency,” said Philip Paul, CEO of Cotribute. “The success of this partnership underscores the commitment of Nutmeg and Cotribute to pushing the boundaries of financial services. Together, we have created a platform that meets current member needs and anticipates the future, ensuring Nutmeg remains at the cutting edge of the financial sector.”

As Nutmeg and Cotribute look to the future, technological advancements position Nutmeg for significant growth in membership, deposits, and loans, ensuring a competitive edge in the financial landscape.

About Nutmeg State Financial Credit Union

Established in 1936, Nutmeg State Financial Credit Union is a member-owned, not-for-profit financial cooperative headquartered in Rocky Hill, Connecticut. Embracing our roots as a steward of the financial cooperative movement, we’re a values-driven collective committed to intentional actions and investments to “be the change” in our community. We believe prosperity for all people is possible through meaningful social and economic relationships and ensuring inclusive and equitable access to resources. Our mission is to create multi-generational prosperity throughout the community we serve through education, collaboration, and the support of local commerce. Nutmeg State Financial Credit Union has assets of approximately $565 million and currently serves approximately 43,000 members. Please visit nutmegstatefcu.org for more information. Visit them at www.nutmegstatefcu.org or more information.

About Cotribute

Cotribute is an award-winning fintech platform that enables profitable revenue and member growth for credit unions. Cotribute’s capabilities include embedded digital account opening, loan application, member onboarding, smart cross-selling, fraud guard+, analytics and SEG/community engagement programs. Cotribute’s clients range from Fortune 500 financial institutions operating across the US to small regional credit unions. Cotribute is built on blazing-fast cloud-based micro-services architecture, is SOC2 Type 2 certified, seamlessly integrates with core systems and is on a mission to deliver beautiful digital experiences to every member. For more information, visit www.cotribute.com and connect with the company on LinkedIn.

Credit Union Success Story: @NutmegStateFCU achieves 97.56% automation, auto-decision 89.5% applications with @Cotribute’s digital, embeddable fintech platform.

Contacts

More News

View More
Get Exposure to Millennials' Purchasing Power With This ETF
Via MarketBeat
Topics ETFs
Tickers AAPL DASH DIS GOOGL META MILN
Why a $4.5 Billion Smart Debt Move Is Fueling Dell’s AI Ambitions
Via MarketBeat
Topics Artificial Intelligence
Tickers DELL
Beam Global Gets Buy Rating With 101% Upside Potential
Via MarketBeat
Topics Intellectual Property
Tickers BEEM
These 3 Crypto Stocks Could Get a Bump as Dollar Trust Weakens
Via MarketBeat
Topics ETFs Economy World Trade
Tickers BITF COIN HOOD
T-Mobile's CEO: Why Market Jitters Create a Buying Opportunity
Via MarketBeat
Tickers TMUS
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.