Andrew Price, the Senior VP of International Advocacy and General Counsel for WOCCU, asserted the need to tackle financial inclusion through digitization. He praised credit union models for their integral role in managing international and national regulations effectively and proportionately.
Echoing Price's sentiments, U.S. National Credit Union Administration (NCUA) Board member Rodney Hood termed the issue "the civil rights issue of our time." Hood endorsed credit unions' freedom to innovate in the digital domain, simultaneously emphasizing the need to maintain the security and reliability of their institutions.
Canada could learn from the implementation in other jurisdictions, absorb successful practices, and circumvent potential weaknesses. Abraham Tachjian, Open Banking Lead from Canada's Department of Finance applauded the swift adoption in the UK, Australia, and Brazil, while also acknowledging the financial and resource toll on institutions due to rapid implementation timelines.
Riaz Meghji, a human connection expert, emphasized the importance of meaningful member connections in the digital age during the conference's final keynote address. Meghji proposed that credit unions could differentiate themselves by "out caring" their competition.

FI, Digitization, Open Banking & Human Connections - WOCCU 2023

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.