This piece is based off of a roundtable discussion at the CU 2.0 Brainstorm Event in July 2021. It is not intended to be comprehensive—rather, it will provide a cursory introduction to AI for credit unions.
Category: Artificial Intelligence
Everything* You Need to Know About Finn AI (*Almost)
If you wanted to know about plan prices, integrations, or time to deployment, then Finn AI is the only source for that. However, if you want to know more about the organization, what they do, and how they do it, you’re in the right place.
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What to Look for in Banking and Finance AI
This is an excerpt from FinAncIal: Helping Financial Executives Prepare for an Artificial World. Grab your copy here!
In the previous chapter, I showed various uses of AI in modern products and services. I hope that gives you an idea about what AI has been used for in other industries. More importantly, I hope that it shows how disruptive AI is—ridesharing, content streaming, and online shopping used to be taxis, Blockbuster, and brick‑and‑mortar retailers. Today, those services are industry standards, and their former competitors are afterthoughts.
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AI Case Study: QCash
This is an excerpt from FinAncIal: Helping Financial Executives Prepare for an Artificial World. Grab your copy here!
This case study covers the leading player in AI-based small-dollar lending for credit unions, QCash.
Stay tuned to the CU 2.0 blog while we feature more excerpts from our financial guide to AI!
Purveyors of short‑term credit and small‑dollar loans have gotten an understandably bad rap in the last couple decades. And it makes sense—before regulations, some interest rates on these loans went as high as 1,000%. Even today, short‑term loan interest rates climb over 600% in some states. In many ways, the reputation that short‑term credit earned was, well, earned. But it doesn’t have to be that way. And frankly, it shouldn’t be.
PSCU’s 2021 Virtual Member Forum Put a Touch of ‘Magic’ on Digital Innovations
By W.B. King
Originally published by Finopotamus – Fintech News for Hungry CUs
From words of encouragement by keynote speaker and NBA legend Earvin “Magic” Johnson to discussions on human-centric brands, digital natives, fraud protection and technology investment opportunities, the 2021 PSCU Virtual Member Forum provided actionable insights.
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