11:00 am - 12:00 pm PDT
12:00 pm - 1:00 pm MDT
This session will focus on the significant opportunities that money service businesses (MSBs) represent for credit unions willing and able to serve them. As a result of “de-risking” by large national banks, MSBs across the country, including in the Northwest, find themselves without bank accounts. Hypur was established with the specific goal of providing financial institutions with technology to meet the unique needs and challenges of MSB customers. The Hypur presentation will address the current regulatory environment for banking MSBs; how the Hypur technology automates manual processes associated with serving MSBs; and the significant revenue opportunities in partnering with Hypur to serve the MSB market.
- Credit unions are well positioned to take advantage of the “de-risking” of MSB customers by large banks.
- The regulatory environment for banking MSBs is becoming more favorable.
- The Hypur technology enables credit unions to responsibly and transparently service MSBs customers.
- Credit unions that enter the MSB market enjoy significant leverage that translates into revenue opportunity.