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Leveraging the Power of Lending Transformed

Six areas of lending are expected to undergo continued change as more credit unions deploy their digital optimization strategies.

By Charlie Peterson | August 19, 2022 at 03:33 PM
credit union fintech solutions Source: Zapp2Photo/Shutterstock.

As the economy continues to reel from the surge of demand after reopening, lending finds itself in the middle of the conflicting challenges of economy and innovation. The basic functionality of lending has gone unchanged for years and as global events unfold, so too do new developments. While the congruency between ideation, and circumstance begin to falter, the forward momentum remains full steam ahead.

The speed at which we have come to expect service has only increased thanks to the Amazon-like experiences and other various sizable digital service providers. The lending market has made significant strides to once stagnant processes, which many members have experienced gainfully and firsthand as a result of the pandemic.

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