More and more credit unions are inviting fintechs into their world, enlisting their help to expand or improve existing member services and offerings in the hopes of gaining a competitive edge. But with more choices out there in the fintech marketplace than ever before, credit unions also have more work to do than ever before when it comes to choosing the right fintech partners and thoroughly vetting them for risks that could arise during the partnership.
According to several experts, the key for credit unions looking to optimize their fintech partnerships is to select fintechs that can help them reach their unique growth objectives, and to base their risk mitigation strategy on the level of access the fintech will have to credit union and member data as well as the potential rewards of the partnership.
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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
