Like other financial institutions, credit unions constantly try to
balance traditional customer service, emerging technology, compliance, member - customer needs and profit.
Not exact matches
LendKey's online lending solution manages the entire process for the
traditional financial institutions including generation, online decisioning, loan origination,
customer service, and
balance sheet management.
Discover's checking and savings accounts do away with the usual monthly maintenance fee, so
customers don't need to worry about the typical rules that
traditional banks impose on their accounts, such as minimum
balance and monthly direct deposit requirements.
But the greater flexibility of a Cloud computing service as compared with a
traditional outsourcing contract is
balanced by less certainty for the
customer in terms of the location of data placed into the Cloud and the legal foundations of any contract with the provider.
With
traditional bank accounts, the
balance is maintained by a «private ledger» which is usually a computer that is owned and operated by the
customers bank.