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The Latest In Credit Union Insight & News

One of the most impactful changes to Credit Unions recently, is the ability to make smarter decisions through the use of “Big Data” and insights.

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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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