New Challenges for Local Banks and CUs

Three lessons from Challenger Banks to Credit Unions and Banks.

fintech appsChallenger banks like Chime and other fintech (financial technology) focused institutions are using a collection of new targeted products and services. These financial offerings are bringing in revenue and new customers.

Traditional banks and credit unions are challenged to respond. Many consumers are growing more likely to switch institutions based on these services and conveniences. 

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