Technology can help CUs streamline compliance tasks. Source: Shutterstock

The last year has been a wake-up call for businesses and consumers alike. Not only are we now doing our grocery shopping and doctor’s visits online, the days of going to your local credit union to deposit checks are a bit more complicated than they were just a year ago.

The pandemic has pushed the digitalization of some of our daily tasks into overdrive, in some cases leaving us open to greater risk. Unfortunately, as the technology we use for simple tasks advances, so do the technical skills of criminals. Credit unions need to be prepared to securely onboard members remotely, and securely safeguard themselves from identity fraud and money laundering.

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