FOND DU LAC, Wis.–This article was originally published on CUtoday.info.
There is a “sink-or-swim crossroad” ahead for credit unions.That’s the thrust of a white paper released by Info-Pro Lender Services and the Filene Research Institute, which suggests a “new wave of technology that has the potential to dramatically transform the financial sector” lies just ahead.
Titled, “State of Data Technology in Credit Unions: The Sink-or-Swim Crossroad Ahead” states that the “new wave is being triggered by the changing habits of consumers moving to mobile platforms to interact and transact with financial institutions, and the digitization of the information that powers the decision making in financials for both consumers and providers. An additional trigger is the democratization.”
The paper, authored by Jignesh M. Patel, professor of computer sciences at the University of Wisconsin-Madison, and George Hofheimer, chief knowledge officer with Filene, seeks to “determine the role of technology in empowering credit unions to meet the challenges they face today as well as those they anticipate in the near future.”
About Info-Pro Lender Services, Inc.
Founded in 1997, Info-Pro provides banks, credit unions, and others in the financial industry with real estate tax tracking, flood determination services, and property insurance monitoring services. Its mission is to provide an unrivaled customer experience for lenders and it currently services over 300 customers across the U.S. Info-Pro is part of the Guaranty Service Group of companies, which includes Guaranty Title Service.