Consumers' need for instant gratification spur lending opportunities.
When it comes to mobile services, financial institutions hold the money and the trust.
There is tremendous opportunity to leverage technology to provide credit to the underserved.
Technology taking credit union boardrooms by storm.
Financial institutions across the world will be spending $132 billion on retail banking technology five years from now, an increase of 24% from current levels, according to Ovum.
The need to raise revenue and consumer trust while managing risk and complying with a growing regulatory burden will help spark global growth in retail banking spend in the next few years.
The last major independent provider of bill pay to credit unions has been purchased by its biggest customer, but its president said it's business as usual for his customers and end users.