Technology’s 2013 Anthem, 'We Will Rock You': Print Preview
- Technology may let small FIs effectively compete against the big boys.
- Purchasing technology that aids CUs and members is key.
- Be prepared for breakthrough mobile apps to emerge next year.
In just a very few years, credit unions have become persuaded that they need to play in the technology arena. And a related reality is the spreading belief that “technology may allow smaller institutions to very successful compete against much larger ones,” said Tony Rasmussen, a senior vice president at Mountain America Credit Union, a $3.3 billion cooperative in West Jordan, Utah.
Mobile remote-deposit capture triggers debate about its long-term staying power, but, for now, it has vaulted into a must-have status as increasing number of credit unions race to offer it to members.
Mainly, it is the bigger institutions that offer mobile capture, but research from Aite shows many credit unions hungering for this tool, which, in many respects, has become the flashy proof of what’s compelling about mobile banking.