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Instead of trying to become technology innovators themselves, CUs should team up with firms that have a proven track record of innovation, leaving CUs free to stay focused on core competencies.
June 10
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Strong member service is a hallmark of credit unions, so why aren't they giving members an opportunity to trumpet about it?
June 10
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The Bank of England is among the central banks exploring possible uses of blockchain technology. In a recent speech, a BOE official noted how it would open access to central banks beyond commercial banks. "Everyone including individuals would be able to hold such balances," he said.
June 10
Custodia Bank -
A recent op-ed warning of the risks to participation holders in bank failures missed several important points about today's loan market.
June 10
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CUs have long argued that the bureau's director already has the authority to create a carve out for the industry, and more than 300 members of Congress agree, but the CFPB is standing firm on the issue.
June 10
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It's said often enough that credit unions have a treasure trove of data that is incredibly valuable...but not if you don't know how to leverage it.
June 10
Credit Union Journal -
Former NCUA Chairman Michael Fryzel is calling on all of the credit unions who serve members of the military to use their collective muscle to push for new leadership and reforms at the Veterans' Administration.
June 10
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Its incredibly important to take the time to learn how to properly execute a new venture, especially one as complex and valuable as omnichannel. Unfortunately, the clock is ticking for many retailers..
June 10
Radial -
Bank of America's Cathy Bessant talks about the marriage of banking and technology and former Countrywide executive Rebecca Mairone reflects on being one the few people in the industry to face criminal charges in the wake of the financial crisis. Also, could there be an all-female presidential ticket? Now that Hillary Clinton is the presumptive Democratic presidential nominee, some wonder if Elizabeth Warren would consider being her running mate.
June 9
