Credit unions (CU) members have a reputation of being loyal to their financial institution (FI) — and not without reason. CU members, by and large, are happier than most financial consumers are with their primary FIs, with 88.5 percent saying they are very or extremely satisfied with their CUs’ performance. This compares to just 80.5 […]
Customers’ expectations, needs and behaviors; competition; new entrants; technology disruptions; and regulations are creating opportunities for Canadian financial institutions to innovate and transform their business models. https://www.ey.com/Publication/vwLUAssets/ey-open-banking-infographic/$FILE/ey-open-banking-infographic.pdf
Open Banking is unstoppable and is being discussed in almost every corner of the world – be it to increase competition, reduce cost, foster innovation or financial inclusion. In Open Banking, banks are opening up customer financial data and banking services to Third Party Providers (TPP) via Application Programming Interfaces (APIs). For sure not every […]
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