Increased efficiency, security, and speed. These are the primary benefits credit unions could realize by developing a network based on blockchain. Rich Meade, CUNA chief operating officer, presented the possibilities for credit unions at America’s Credit Union Conference Wednesday.
Credit unions are the original financial services disrupters. And they are the original cooperative cooperators. Those two essential traits of their DNA make them the perfect business model to shake up financial services again by moving squarely into the innovative blockchain or "shared ledger" model of transactions.
Malauzai Software, a provider of mobile and Internet banking apps for community financial institutions, conducted the first live demo of its new SmartwearApp for the Apple Watch at Catalyst Corporate FCU’s Accelerating Success Conference in Las Vegas May 1.
With new payment systems comes more risk to consumer data, a new survey indicates. About 68% of payment-systems professionals say pressure to migrate to new payment systems puts customer data at greater risk instead of making it safer, according to a new survey by Experian and the Ponemon Institute.