Post by ERI

Mutual banks have spent nearly 180 years putting members before profit. But is their technology stack ready for the decade ahead? Ahead of WCUC 2026 in Sydney (co-hosted by World Council of Credit Unions (WOCCU) and COBA), Kim Bliksas, Sales Manager at ERI, breaks down the 5 pain points holding Australian mutuals back: legacy cores, front-to-back fragmentation, siloed data, mounting compliance complexity and a widening digital expectation gap. He also looks at what makes the Australian market unique: shared payment rails, mergers and consortium-led transformation as ways to reduce risk and cost while preserving each institution's local identity. The mutual model is the right model. The question is how technology can support it. Read the full article here: https://lnkd.in/eP9KAPTs #MutualBanking #CreditUnions #CoreBanking #DigitalTransformation #Fintech #WCUC2026