[…] Collaboration has long been the foundation of the credit union movement. Velera launched a Fintech Engagement Program to foster innovation between credit unions and FinTechs. The program brings together vetted FinTech companies and a credit union advisory board whose members are committed to disrupting traditional ways of banking. Through initiatives, credit unions are empowered to embrace innovation, adapt to evolving member expectations and remain competitive in an increasingly digital landscape. The Velera Innovation Alliance (VIA) is a made up of executives from a diverse group of credit unions committed to navigating the opportunities and challenges associated with new technologies. The VIA is a pivotal player in helping credit unions explore how they can remain central to their members’ financial journeys by shaping changes like open banking rather than resisting them, says Denise Stevens, chief product officer of Velera’s PYMNTS eBook, “The Listening Economy: How Customer Conversations Are Transforming Financial Services’“. It is essential credit unions have important conversations now about leaning into the opportunity of open banking, says Stevens. The open banking concept is ultimately about giving members more control over their financial lives, she says, and Velera remains committed to driving meaningful change that benefits both credit union and Read full article […]