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Deep Dive: How Open Banking Can Help Credit Unions Succeed

PYMNTS

One widespread example of open banking is direct deposits from a company’s bank account to an employee’s checking account, a service that was once only the domain of large banks but is now available at nearly every financial institution (FI) in the world.

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Three Metrics CUs Can Use To Retain Members

PYMNTS

CUs must focus on seamless onboarding processes, enabling customers to quickly access banking services. It’s also important for CUs to focus on setting up direct deposits and providing debit cards early on in a consumer’s membership.