News Feed

CU Accelerate Spotlight: Managing Strategic Risk in a FinTech Laden Landscape

Wed, Feb 14, 2018

In the world of enterprise risk management, credit unions are all too familiar with the importance of managing risk. Strategic risk happens to be one of the major risks facing credit unions, specifically the strategic risk associated with expanding into new products or services or considering new delivery channels. Or the risks of not doing so.

Credit unions face increasing competition from nonfinancial firms, including financial technology companies that are looking to enter the traditional financial services industry. This competition is changing the way consumers and financial institutions approach access to financial services. 

To learn more about the strategic risks facing credit unions in today’s increasingly technological environment, register for CU Accelerate, where Thomas Curry will discuss how the OCC, as a regulator, approached these risks through its Responsible Innovation White Paper, its Innovation Office and its proposed Special Purpose National Bank Charter.

Curry is a partner in Nutter’s Corporate and Transactions Department and a co-leader of the firm’s Banking and Financial Services group. He advises clients in a wide range of policy, regulator, governance and other matters. Prior to joining Nutter, Curry served as the U.S. Comptroller of the Currency until May 2017. His extensive experience also includes serving as the Commissioner of Banks for the Commonwealth of Massachusetts, chairman of the Conference of State Bank Supervisors, and two terms on the State Liaison Committee of the FFIEC, including a term as committee chairman.

CU Accelerate is April 13-15 at the Gaylord National Resort and Convention Center in National Harbor, Maryland. Join executives from credit unions coast to coast for a variety of challenging and innovative presentations by subject-matter experts like Curry. For more information or to register, click here.