Virtualization allows credit unions – along with any organization that requires the use of multiple servers – to save money, time and space to reallocate to other pressing areas.Let’s talk about server virtualization first, as it has a direct bearing on the cloud. Virtualization by definition means replacing something physical with something virtual, or in other words, switching out a tangible for an intangible. With respect to technology and your credit union’s current physical server environment, it means decreasing the number of physical servers to fewer machines but having the ability to run multiple “virtual server instances” on them instead. ****READ MORE: Virtualization and the Cloud: Magical Technologies that Benefit CUs from the Get Go:
In an ongoing effort to keep your FRCUA education current, modules are continually updated to reflect current NCUA and other regulatory agency requirements. As an example, BSA 26 now includes Artificial Intelligence and BSA, Elder Financial Exploitation, Pig Butchering & BSA, and Executive Order – Free and Fair Banking.
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