A panel of industry experts will discuss how the banking activity data available through open banking can be used to improve member care. This transaction data gives a richer, more current view of members' financial health than traditional credit bureau data.
Armed with actionable insights into members’ income, spending, and savings behavior, credit unions can automate many stipulations like proof of income, approve more creditworthy borrowers, and personalize decisions to be fairer and more inclusive.
Key takeaways:
- Learn how open banking data delivers a more complete, real-time view of financial health compared to traditional credit scores.
- Discover how credit unions leverage transactional insights to approve qualified borrowers and expand financial access.
- Find out how open banking eliminates manual processes like income verification and reduces lending friction.
- Understand how open banking helps credit unions personalize lending strategies while maintaining compliance and security.
Watch the on-demand webinar.
Read the transcript.