Executive Summary
Bringing credit union leaders from the industry’s think-and-do tank to the premier event for financial services innovations is a natural extension of our mission to explore issues vital to the future of credit unions and consumer finance. Our goals regarding Finovate are twofold:
- Help credit unions and system partners be aware of what is happening in the realm of financial services to break myopia within the industry.
- Marry ideas, regardless of where they have originated, with credit union expertise and distribution channels and get them to market efficiently for the benefit of consumers.
What is the research about?
In Now Showing: The Best in New Financial Technology, we spotlight several top Finovate concepts that are sparking a great deal of interest across the financial services industry. A chart encompassing all 35 ideas from FinovateEurope 2011 and 63 ideas from FinovateSpring 2011 is included in this report. Each listing includes the type of idea and a brief assessment of its relevance to credit unions.
What are the credit union implications?
The time is ripe for credit unions not only to continue to focus on balance sheets and financial stability, but also build toward a future of growth and increased market share that is possible with the implementation of leading-edge ideas.