How to Create a Game-Changing Financial Product

In a heavily regulated industry like financial services, innovation can seem daunting. There are so many regulatory hoops to contend with, not to mention a fierce aversion to risk. But as Jerome Emanuel, Chief Lending Officer at Alternatives Federal Credit Union has discovered, if you focus on solving a proven problem and finding ways to say yes, the doors that end up opening just might surprise you. Jerome joins us for this month's episode of The Remarkable Credit Union podcast to discuss Alternative FCU's game-changing FAIR Mortgage product, including what inspired it, how they got it off the ground, and what the results have been to date. He also addresses this month's BIG question: How can a financial product address systemic inequality, and what risks are entailed in changing the rules of the “game?”

You can listen to How to Create a Game-Changing Financial Product online on Radio and Podcast. Open the player on this page to stream the available audio.

How to Create a Game-Changing Financial Product is an episode from The Remarkable Credit Union Podcast by Todd Mansfield.

This episode is 36:44 long.

This episode was published on Nov 7, 2024.

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