Investing in FinTechs and CUSOs to Increase Technological Capabilities
As the need for new technologies and faster innovation rises, credit unions can be tempted to merge with larger credit unions that can achieve those goals. However, there are alternatives to consider and partnerships that can bring value to the credit union and the member without the loss of a credit union. Emily Claus shares insight on how investing in CUSOs and FinTechs can increase your credit union’s technological capabilities.
Co-op Solutions Takes Home ‘Fintech Company of the Year’ Honors
Credit union payments fintech Co-op Solutions took home “Fintech Company of the Year” honors in the annual Prometheus Awards, held November 2 in Des Moines, Iowa. Organized by the Technology Association of Iowa (TAI), the program annually recognizes what the association calls the “most momentous achievements in technology.”
Are Credit Unions Being Disrupted?
Chip Filson debates the possibility of disruption within the credit union industry, from what competition said disruption might be originating, and what this may suggest for the industry.
Plinqit Partners with CU*Answers, Expanding Access to Its Financial Wellness & Savings Platform
Plinqit, the first platform that brings together automated savings, data-driven financial wellness content and virtual account management, today announced a partnership with CU*Answers, a complete service provider for credit unions.
Bluestone’s Digital Expansion: Where Credit Union Meets FinTech
When Bluestone Federal Credit Union needed a way to service a large number of counties at once, they found their solution in the form of an online-only, FinTech-inspired expansion to their credit union. But how does a completely digital branch function under a physical credit union? And how can FinTech and credit unions combine? Emily Claus met with President Jeff Jorgensen to learn more.
Cracking the Code: Millennials and Gen Z
Figuring out how to market to Millennials and Gen Z seems to be a riddle with no answer, but the code might have finally been cracked. Emily Claus dives into what younger generations want from the financial institutions and how your credit union can get on track.
Underserved and Underbanked Communities Are Turning to FinTech
With the capabilities of modern technology, underserved communities are taking financing into their own hands and creating FinTechs tailor-made for their needs. Credit unions should reconsider how they’re reaching out, Emily Claus advises, or risk losing the communities they claim to serve.
Credit Unions vs. FinTechs: Competition or a Learning Opportunity?
After attending CO-OP Financial Service’s THINK event, Emily Claus debates the rising popularity of FinTech companies, their business models, and what threat they might pose to credit unions.
The Evolving Landscape of Mobile Technologies
Barb Cooper discusses the growth of mobile technologies during the COVID-19 pandemic and debates what the future might hold for such technologies after the pandemic passes.
Are Vendors Asking for Too Much Data?
As FinTechs continues to appear, credit unions are discovering that varying vendors are asking for increased access to member data. But how do you discern what data is worth sharing and to what vendors? Brian Maurer weighs in.
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