Credit unions have a valuable advantage over banks when it comes to mobile banking, and that is the element of trust.
Smartphones, tablet adoption among non-millennials present opportunity for credit unions.
Mobile phones are more than just phones. They have become indispensable portable computers, helping manage our personal lives, connecting us at all times to the office and bringing us the information we want, when we want it at the speed of light.
By leveraging the key drivers of consumer adoption, credit unions can realize a faster rate of adoption that will establish mobile banking as the norm.
Frank Kenney knows well the potential harm lax smartphone security can pose to credit unions and any other enterprise that allows employees to access their networks with those phones.
That's according to people who make their living helping credit unions and other financial institutions accommodate new technologies and the compliance challenges that come along with them, as well as shape the rules themselves.