In North America, credit unions launched mobile banking apps faster than banks.
Why? Credit unions say it’s because they were quick to understand members’ desires for tech convenience, and quick to learn from the theft of Yahoo’s 500 million personal records. So, credit unions acted fast to provide mobile services while increasing safeguards on members’ financing information.
It’s great that credit unions are attuned to member needs for ease of information access and security – but what about the needs of their boards?
Just as credit unions noticed their most valuable members came into branches the least – the highest contributing director’s are often the most time starved, frequent travellers. And of course boards are flagging the security risks of the data shared with them through email or free file-sharing services.
Today, board portal technology brings online convenience and security to boards. Even if you’re already using board software it’s worth reassessing if it’s the right tool.
Ask how your board performs on these fronts:
If easy information access, data security and affordability are critical to your board, get to know Aprio.