How Fintech Can Help Credit Unions Stay Competitive

JPMorgan Chase currently invests $12 billion in technology annually, which is nearly twice as much as the IT budget of credit unions nationwide—combined. For this reason, it’s becoming increasingly challenging for credit unions to keep pace with the technology, research, and development of larger financial institutions. To stay relevant and continue improving client experiences and offerings, credit unions must find ways to leverage technology and use emerging trends or disruptions to their advantage. Our "C.U. on the Show" podcast guest describes why fintech partnerships, which integrate financial services and technology to address various needs, prove to be a more efficient credit union solution. Doug welcomes guest Brian Kaas, president and managing director leading CMFG Ventures, CUNA Mutual Group’s venture capital entity that focuses on strategic, early-stage investments in the credit union, financial services, and insurance industries. Brian shares the trends CMFG is observing, how credit unions can benefit from fintech partnerships to address common and emerging challenges, and what credit unions should do today to prepare for the future. Stream the episode to learn more.