Credit unions are underdogs in a financial services space still dominated by major traditional banks, particularly when it comes to small business (SMB) lending and payments. However, credit unions have unique opportunities to elevate their positions with SMBs and the overall financial services (FinServ) ecosystem....
Credit union service organization CULedger has debuted its financial exchange for credit unions using R3’s Corda blockchain technology, the firms said in a press release Thursday (Dec. 5). Dubbed CUPay, the one-to-one financial exchange enables electronic funds transfers via blockchain for near-instant payments, both domestic...
Credit unions are risk-averse institutions by nature. But if credit unions don’t take a gamble on new financial innovations, they are inadvertently taking on another type of risk altogether: Being considered financially irrelevant by members and alienating potential new customers. Some credit unions are pushing...
February 24, 2020
PSCU, the credit union service organization (CUSO), announced on Monday (Feb. 24) that it is finishing up a proof of concept (POC) with CULedger and Baxter Credit Union (BCU) for a blockchain-based decentralized identification platform. CULedger’s MemberPass solution is a blockchain-based system that facilitates frictionless identity verification. “Through PSCU’s partnership with CULedger, we have an […]
