Five problems fintechs help solve
Credit unions face all kinds of challenges. They must figure out how to protect their reputations by safeguarding member and organizational data. They must find ways to compete with a whole host of financial industry players for consumers’ business. They must find the delicate balance of being conservative enough to stay solvent in this tenuous economy, while still having the right mindset for taking the risks required to get the tech they need to serve members.
Fortunately, CUs don’t have to go it alone. Fintechs and other industry vendors can be among credit unions’ allies in solving such key problems as the five featured in this report: preventing fraud, competing with the big banks, providing a better digital experience, being nimble with new technology and fighting analysis paralysis.