Mapping out the modern Credit Union
Tuesday 13 September 2022
There’s no question that the operating environment for credit unions has transformed significantly in recent decades. The impact of the pandemic required a rapid shift to what was already growing pressure for digital access. New competitors continue emerge and offer products that may well draw business from their members. But credit unions have a compelling
- Published in Opinion, Uncategorized
Building the building society of the future – FTT Building Societies
Tuesday 09 November 2021
As we look to the future of mutual banking, changing customer expectations mean that improving customer experience will be crucial to the building society’s presence in the community. Technologies have the potential to create seamless and faster customer journeys, as well as improving the suitability and accessibility of products. In this fireside chat from FTT
- Published in Content
Beyond open banking: open finance meets financial wellbeing for mutuals
Tuesday 26 October 2021
Following from the brilliant FTT Building Societies virtual experience on 6th October, we recap some of the highlights of the day. This panel explored the benefits and challenges of open banking for mutual financial organisations. Open banking offers a viable solution to many problems that mutual organisations may face and can empower building societies and
- Published in Content
FTT Building Societies – Community-owned digital platforms
Tuesday 19 October 2021
Following from the brilliant FTT Building Societies virtual experience on 6th October, we recap on some of the highlights of the day. This panel explored the benefits and challenges of digital transformation for smaller – medium sized building societies. The panel highlighted the importance of keeping pace with customer needs and expectations to remain competitive
- Published in Content
FTT Building Societies – Key takeaways
Tuesday 12 October 2021
The second edition of FTT Building Societies on 6th October was a unique virtual gathering of building societies, credit unions, fintech and tech providers. Our community shared personal experiences of adopting technologies within their organisations and dived deeper into specific technologies to discover the most beneficial solutions and the practicalities of implementation. We opened the
- Published in Blog, Building Societies 'Thank you' Pages, Content
FTT Building Societies – Polls are in
Tuesday 12 October 2021
On 6th October, our community of building societies, credit unions, fintechs and tech providers came together for FTT Building Societies. Throughout the day, we explored digital transformation and the future of the mutual banking sector. Our audience participated in a range of polls where they provided their own insights and expertise. We considered the benefits
- Published in Building Societies 'Thank you' Pages, Content
The relevance of Building Societies amoungst younger savers
Tuesday 05 October 2021
The relevance of building societies amongst younger savers Attitudes towards banking have rapidly shifted in recent years as younger, tech-savvy customers enter the marketplace. Digital native users expect a smooth and seamless banking experience, no matter if they are in-branch, online or on their mobile. A recent poll by the deVere Group found that 59% of their surveyed clients born between 1980 and 1996 either
- Published in Building Societies 'Thank you' Pages, Content
Digital tools for digital inclusion
Monday 27 September 2021
Millions of people in the UK and around Europe are excluded from essential banking services. From challenges with managing money to physical accessibility barriers, more needs to be done by building societies and credit unions to ensure all citizens are able to utilise cutting-edge financial tools. Nationwide Building Society recently introduced new bank cards that are the
- Published in Content
Regtech and the Mutual Sector
Tuesday 07 September 2021
How Regtech is boosting agility and improving the adoption of emerging technologies The increasing regulatory burden placed on credit unions is costing them billions in compliance costs. According to the Credit Union National Association (CUNA), US credit unions spend more than $6 billion a year on dealing with regulatory compliance and this figure is growing by hundreds of millions of dollars
- Published in Building Societies 'Thank you' Pages, Content, Fintech
Ethical savers can bank on building societies
Monday 23 August 2021
Building Societies have dominated the top of Which?’s list of financial institutions for environmentally conscious savers, which was released during the past week. The not-for-profit consumer research group found that 28% of members said they care about the values of the companies they invested their savings in. However, more than 69% of Which?’s members said