Experts advise credit unions to invest, consider all demographics and integrate multiple functions when it comes to mobile.
SAN FRANCISCO — The Appcelerate portion of Open Mobile Summit focused on the moving target.
Integrated Media Management said Tuesday that 50 credit unions in five months have committed to its cloud-based electronic signature solution.
Cloud-based computing and e-signatures are the aspirin to the multi-featured open ended lending headache credit unions have been suffering from since the NCUA first issued the rules back in 2009, said John Levy, executive vice president and co-founder for Integrated Media Management, a Linden, N.J.-based technology vendor.
Credit union membership today is undoubtedly diversifying. While this is a welcomed evolution, it requires supporting a growing number of diverse member expectations.
Allowing members to manage their financial products remotely isn’t a luxury for credit unions these days. It’s a necessity. Especially for university-oriented credit unions, whose members are likely to move away from their primary service areas, online and mobile access is a must.
By the year 2020, the population segment we all refer to as Gen Y could reach upwards of 95 million and make up 36% of the adult population in the U.S. There is no doubt that this consumer group is becoming more relevant than ever.
It’s easy for credit unions to make assumptions about Gen Y. For example, they’re all techies in search of the latest gadget. The only way to grab their attention through advertising is with bells and whistles. And forget seeing them inside a branch–they only bank at ATMs or on mobile...
As Check 21 wraps up its first decade, its impact has been considerable.
Whether it's as simple as updating on Excel or as sophisticated as Web-based automation, keeping in compliance has become a major task and topic of conversation at credit unions small and large.