Direct Investment in Fintech Companies vs. Investing Through a Fintech Fund: A Comprehensive Guide for Credit Union Executives
Executive Summary In today’s rapidly evolving financial landscape, fintech stands as a transformative force, offering a myriad of opportunities for credit unions to modernize operations, diversify portfolios, and drive groundbreaking innovation. Yet, as we navigate this burgeoning field, a pivotal question arises: should credit unions invest directly in fintech startups or opt for fintech funds? […]
Let’s face it, being a fintech entrepreneur can make you feel a bit bipolar. In 2005, I received funding from 7 credit unions to start my first big company. We crushed it the first year, signing 20 credit unions and setting up a path where we doubled every year for 6 years. In our second […]
You might already think of Credit Union Service Organizations (CUSOs) as the unsung heroes of the finance industry. But dig a little deeper, and you’ll find that, unsung or not, these stalwarts have a history that resonates with innovation. From conceptualization to modernization, they’ve revolutionized financial services, especially in credit unions. I invite you to […]
By Kirk Drake and Chris Otey The financial services industry is undergoing a digital transformation driven by AI, machine learning, the Internet of Things (IoT), and blockchain. Quality of service is changing from traditional local branches and long-term relationships to digital solutions that are easy to use and cost less. Credit unions are at risk […]
This blog is based on an expert discussion at our Summer 2022 Brainstorm Event. Register to attend our next one now! The relationship between fintechs and credit unions has evolved as credit unions make major tech advancements. Instead of competition, there’s more partnership. This opens up new revenue opportunities for progressive and forward-thinking credit unions. A […]
We won’t bother linking all the statistics that support this statement: Digital banking is the front door to your digital branch.
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 marketing to Millennials and Gen Z.
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 trends and questions surrounding credit union service organizations (CUSOs).