Data to Consider Before Jumping Into Two New Financial Services
Chip Filson shares information on product penetration for Buy Now, Pay Later and cryptocurrency products among American households; data he feels may shape whether credit unions should feel an immediate need to implement at their own institutions.
Defining the Roadmap Forward to Implementing Digital Assets
As member interest in cryptocurrencies rises, some credit unions are debating whether it’s time to meet the challenge while others balk at the mere idea. Cryptofi discusses the initial steps toward implementing crypto and how credit unions can work with third parties to bring members the technology they are asking for.
CryptoFi announces integration with CU*Answers digital banking platform
CryptoFi, a cutting-edge Cryptocurrency-as-a-Service (CaaS) firm, today announced its integration with CU*Answers’ banking core and digital banking platform.
Credit Unions Want Quick Guidance on Digital Assets
Many credit unions appear to be anxious for the National Credit Union Administration to issue guidance about how they may host a digital wallet and use other new technology to provide new services to their members, reports David Baumann of the Washington Credit Union Daily.
IRS: CU, Bank Reporting Rule Would Raise $460 Billion in 10 Years
Requiring financial institutions, including credit unions, to report to the Internal Revenue Service the inflows and outflows from customer accounts could raise $460 billion in additional tax revenue over ten years, according to IRS Commissioner Charles Rettig. Reported by David Baumann of the Washington CU Daily.
