Report
437
Number
Oct 03 2017

Sorting the Hype Cycle

As credit unions prospect and adopt financial technology, many have expressed a need for guidance as they explore and appraise fintech options. This report summarizes four presenters and a panel of fintech innovators who offered suggestions and shared their experiences on how to embrace new technology without losing your institutional identity.

Report Number 437

Executive Summary

With the rise of thousands of fintech companies developing new products at a breakneck pace, credit unions are increasingly under pressure to compete. Many executives feel overwhelmed by the rapidly-changing landscape, and unsure of how to choose and access the best solutions for their members. How can credit unions, individually and as an industry, respond to the rise of fintech in a way that leverages the unique nature of cooperative finance?