By collaborating with fintech companies, credit unions can leverage cutting-edge technology to improve digital banking, automate lending, enhance fraud detection and offer personalized financial services.

But, the bigger question is this: What fintechs are credit unions investing in and partnering with, and why?

One of the biggest advantages of these partnerships is agility — fintech solutions enable credit unions to quickly adopt innovations like AI-powered chatbots, real-time payments and open banking APIs without undergoing costly core system overhauls. Additionally, fintech partnerships help credit unions remain competitive by providing digital-first services that younger, tech-savvy members expect.

However, integrating fintech solutions comes with challenges. Credit unions must ensure regulatory compliance, data security and seamless core system integration when adopting new technologies. Fintechs that prioritize these concerns and offer scalable, cost-effective solutions tend to be the best partners for credit unions.

Join us for the CU Times PRO Webcast on Thursday, Feb. 27 at 2 p.m. EST for a live discussion and Q&A with CU Times Editor-in-Chief Michael Ogden and credit union leaders about these issues.

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