Webinar: Open Banking - the Opportunities and Challenges Facing Credit Unions

Presented by World Council of Credit Unions
Wednesday, March 24, 4:00 p.m. U.S. Central Standard Time

World Council of Credit Unions

Open Banking: what is it and what would it mean for credit unions? What drives this? By giving consumers ownership rights over their data, what does it imply in terms of allowing third-party providers to access the financial information of members? What does this mean for consumer options for managing their finances, borrowing money and making payments? And what are the risks of Open Banking? What does it mean for competition and account turnover, or for data security? What have been the experiences to date? This World Council of Credit Unions virtual event will feature presentations from executives with three of the world’s largest credit union systems, who will discuss what is happening in their countries related to Open Banking and offer insights into the digital future. It is presented as part of Challenge 2025, World Council’s initiative to effectuate the digitization of the global credit union system by 2025. The webinar will feature presentations from: Michael Lawrence, CEO, Customer Owned Banking Association (COBA), Australia. Lance Noggle, Senior Director of Advocacy and Senior Counsel for Payments and Cybersecurity, Credit Union National Association (CUNA), United States. Patrick Barr, Policy Advisor – Open Banking, Canadian Credit Union Association (CCUA). If you have questions, contact Greg Neumann, World Council Director of Communications, at gneumann@woccu.org or +1 608-395-2048. World Council of Credit Unions 5710 Mineral Point Road Madison, WI 53705-4493 USA Phone: +1-608-395-2000 | Fax: +1-608-395-2001 | mail@woccu.org | www.woccu.org