Traditionally, credit unions provide the most value to its members than other financial institutions. However, many credit unions still operate on decades old models, by-laws and policies; meaning their value proposition has remained fairly constant over time.
For example, a number of credit unions still offer just savings and loans products. Some of the loan caps have not been reviewed in a number of years, whilst many still operate a paper-heavy, brick & mortar model.
As a result, you find that most credit unions have similar challenges; from ageing membership to low numbers of active members, long loans processing times, delinquency, limited branches & geographical restrictions, environmentally unfriendly “paper-based” modes of operation, difficulty in managing savings & loans accounts in real-time, etc. Almost all of the above can be addressed by incorporating effective digital Strategies and technology platforms towards value creation.
This engaging lunch & learn session will enlighten attendees to a number of emerging technologies and how these can be applied towards creating Business, People and Societal values that are closely aligned to the core credit union goals and objectives.
Specifically, we will talk about:
- Artificial Intelligence (AI)
- Digital Transformation & Disruption
- Smart Contracts; Blockchain beyond Cryptocurrencies
This session facilitated by Oxford University certified digital strategist Christian Junior, is relevant to all credit union stakeholders from the board of directors to management, staff and members.