PSCU joins CULedger to develop applications based on distributed ledger technology.
St. Petersburg, Fla. based PSCU announced investment in CULedger, a credit union industry initiative for developing applications based on distributed ledger technology, which offers a protocol for financial transactions innovation.
"Credit unions must continuously research new methods to improve efficiency and security in order to remain competitive," Chuck Fagan, president and CEO at PSCU, which calls itself the nation's leading credit union service organization, said. "CULedger will benefit credit unions and their members by reducing risks associated with cybersecurity and fraud, improving the member experience, and reducing costs. We look forward to working with CULedger to bring this platform to market."
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Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
