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Tech Time: Collaboration beats competition

first_img 13SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr “We’re not scared of fintech.”Nor should you be, explains CUES member Andrew Kempf, president of $450 million 4Front Credit Union, Traverse City, Mich. “If it makes things better for member experience, then we embrace the concept,” says Kempf.Embracing fintech can mean a lot of things, but 4Front CU and four other Michigan credit unions have moved beyond support to startup investment, collaboration and ownership.“Fintech and the collaboration of credit unions is important because there are some very smart people out there, entrepreneurs that have ideas credit unions haven’t even thought of,” Kempf suggests. “It’s important that we be open-minded—we’re all concerned fintech is going to ‘eat our lunch,’ but if we collaborate, we can all have a bigger lunch.”These like-minded credit unions, including $855 million Community Choice Credit Union, Farmington Hills, Mich.; $632 million LAFCU, Lansing, Mich.; $489 million Team One Credit Union, Saginaw, Mich.; and $724 million Wildfire Credit Union, Saginaw, Mich.—along with Credit Union Solutions Group, Livonia, Mich., an arm of the Michigan Credit Union League—joined forces to cooperatively search for opportunities to innovate. For the past couple of years, the CUs have gathered for an annual “CUSO conference.” continue reading »last_img read more

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City continue to target Sanchez

first_imgThe 24 year old Austrian joins the Potters for an £18 million transfer fee. Photo © Pixabay Manchester City are said to have offered Raheem Sterling in their latest attempt to sign Arsenal’s Alexis Sánchez.The Chilean striker has entered the final year of his contract, but Gunners boss Arsène Wenger insists he will not be sold.Reports claim Sterling, who joined City from Liverpool for £49 million in 2015, is being offered as part exchange in hope of breaking the deadlock.Stoke City have signed Tottenham defender Kevin Wimmer on a five year deal.last_img

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