AI becoming more popular with CUs and consumers.

In the last few years, artificial intelligence has become a major phrase, but what exactly does it mean? Once something meant only for governments, multinational corporations and elite individuals, AI has now become a seamless part our everyday lives, so ubiquitous that almost everyone uses some form of artificial intelligence every single day. Your video content specifically curated to taste by Netflix and your smartphone camera mapping your face to capture the perfect selfie are all courtesy of AI.

The fact that AI is so readily available to the average consumer is good news for small to medium-sized businesses – and credit unions in particular. We’ve reached a tipping point where AI tools and services are available to all industries, whether that means helping companies run more efficiently or providing customers quicker access to information. For credit unions, AI is a turnkey solution for some of the industry’s most prevalent pain points such as compliance requirements, loan growth, cybersecurity and membership growth.

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