America’s Credit Unions’ Madison Rose and Andrew Morris met with NCUA Director of Financial Technology and Access Charles Vice Friday, part of the association’s ongoing engagement with policymakers.
The Office of Financial Technology and Access is designed to identify barriers, challenges, and opportunities for credit unions in adopting and using technology. Vice is the principal advisor to the NCUA Board on fintech and fintech developments and transformation initiatives in the financial services sector.
Rose and Morris discussed how the office can engage with credit unions to encourage innovation.
America’s Credit Unions encourages efforts to promote responsible innovation as the office develops policies and joined the National Association of Credit Union Service Organizations last month to request the NCUA provide additional flexibility “to engage with and invest in innovative technology solutions and fintech companies.”