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.
LAS VEGAS (1/13/16)--Diebold and EyeLock, a provider of iris-based identity authentication solutions, have introduced a screenless ATM that works without a PIN pad, card reader or screen at the recent Consumer Electronics Show in Las Vegas.
FRAMINGHAM, Mass. (1/4/16)--Worldwide, the financial services industry forked over roughly $114 billion this year to pay for mobility, cloud, and big data and analytics technology capabilities, according to a new report from IDC Financial Insights.