Regtech may be one of the hottest new methods for financial institutes to navigate the compliance burden, but are smaller credit unions getting left behind with this technology’s rise?

“It could exacerbate that divide, there’s no doubt about that,” said Michael Berman, CEO of the regtech company Ncontracts. “As larger credit unions are able to do more with regtech, we’re also seeing consolidation trends in credit unions as well that we’ve seen with banks and that will definitely make the divide greater.”

Note: You mist be a subscriber to Credit Union Journal to view the entire article.