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The Latest In Credit Union Insight & News

From 2018, customers have been able to take control of their banking data, opening them up to better loans and credit cards, and helping them to make the right financial choices. For Credit Unions, PSD2 is more than a compliance exercise - it’s a springboard for innovation.

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A 2018 report by Goode Intelligence forecasted that 1.9 billion bank customers will be using some form of biometric identification by 2021. Already, a growing number of financial institutions are using biometric data, like fingerprints, to replace or augment passwords and other forms of member verification.

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A 2018 report by Goode Intelligence forecasted that 1.9 billion bank customers will be using some form of biometric identification by 2021. Already, a growing number of financial institutions are using biometric data, like fingerprints, to replace or augment passwords and other forms of member verification.

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Third-party Application Programming Interfaces (APIs) are not new to the financial market. Banks, FinTech startups and Credit Unions have been interfacing with third-party applications for years.

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As Credit Unions face new challenges, it is important to look back at past experiences to learn exactly what your members need and be proud of how far Credit Unions have evolved in the past 60 years. Consumer demand is leading the digital revolution, after all. Here’s a quick look at how Credit Union technology in Ireland has evolved over the past 60 years.

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