The Mobile Banking Landscape
Oak Tree had an article featured in the CU Times magazine on the Mobile Banking Landscape. The article highlights the concerns that credit unions have.
Oak Tree had an article featured in the CU Times magazine on the Mobile Banking Landscape. The article highlights the concerns that credit unions have.
When the first credit union in the U.S. was opened in 1909, all banking was done by paper and, all transactions were manually processed. We have come a long way since then, but with new technology every year, there is always room for improvements. For some credit unions, now is the time for a complete core conversion to improve efficiency and allow for more data integration.
In today’s world, it is imperative to have a system that is up to date (made necessary by advancing technologies that are becoming easier for users to navigate), and a system with fewer clicks, known as a “3-click rule.”
Nothing is more important to a credit union than compliance, and one of the biggest components to this is information governance.