TruStage Ventures unit chief Brian Kaas says large retailers like Amazon and Walmart are disintermediating credit unions.
credit unions fund roughly a third of all the auto loans in the US.
Credit unions are also under pressure as loan delinquencies are up, the risk of fraud and cybercrimes continues to rise.
AI shows promise in being able to bring down costs internally, says Kaas.
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Co-founders William Mann and David Mravyan devised the Sensimat during a mandatory project for their MBA at the Richard Ivey School of Business in Canada. Sensimat is a device that helps manage and assess pressure among wheelchair users.