Does your credit union have $17.4 billion sitting around waiting to be invested in the latest and greatest fintech innovations?
Of course not! But that’s the amount of global venture capital investment made in fintech firms in 2016 alone. These emerging competitors are taking advantage of this capital influx to develop cutting-edge innovations that aim to take away your members’ loyalty and market share.
That doesn’t mean credit unions like yours have to throw in the towel. You’ve got a competitive advantage these startups don’t have—the collaborative, volunteer team of FIlene i3 innovators who are developing innovative concepts and building prototypes on your behalf.
What is the research about?
Over six months, Filene i3 innovators have dreamed up innovative solutions to the biggest consumer challenges and prototyped them on your behalf. The culmination of their work is highlighted in this blueprint. Check out the latest innovations from Filene i3 and let us know which you’re interested in testing further.
What are the credit union implications?
These ideas and prototypes developed by Filene i3ers on your behalf are useless unless credit unions like yours choose to test them further. Will you take the step forward and be a part of your members' financial future? Or will you let fintech startups turn their billions of investment dollars into products that steal your members' loyalty and market share?
Your participation is critical to help test these concepts in the Filene Incubator. If there's an idea you'd like to see move forward, let us know at [email protected].
Filene extends its sincere appreciation to CSCU for their commitment to credit union innovation and support of Filene i3.