Weekly Wrap - Credit unions choose core startup and POS lending stays hot

Credit unions are rejecting some of the big core providers and instead choosing startups to overhaul their technology. Royal Oak, Mich.-based banking software company Bankjoy has grown its customer base by 50% since the start of the pandemic. Point-of-sale lending, meanwhile, is continuing its rapid growth trajectory. Afterpay announced it is launching in-store capabilities this week, while Visa also made a move into the space, and MoneyLion announced plans to do the same.

Find this and more in today’s edition of The Weekly Wrap, featuring JJ Hornblass, Bianca Chan, Rick Morgan and Johan Envall, vice president of sales and business development at COVR Security, for the week ending July 17, 2020.