John welcomes Alpharank founder Brian Ley to dissect the challenges facing credit unions and borrowers in tracking Paycheck Protection Program loans. Also, new payments data from the Fed and Glen gets Enron déjà vu from the Wirecard fiasco.
Links related to this episode:
The Federal Reserve Survey of Consumer Payment Choice: https://www.frbatlanta.org/banking-and-payments/consumer-payments/survey-of-consumer-payment-choice
Reuters’ recap of Wirecard’s collapse: https://www.reuters.com/article/us-wirecard-accounts/wirecard-collapses-owing-creditors-4-billion-idUSKBN23W176
Wall Street Journal feature on interchange (subscription required): https://www.wsj.com/articles/the-credit-card-fees-merchants-hate-banks-love-and-consumers-pay-11592731800?mod=searchresults&page=1&pos=4
Best Innovation Group’s ongoing Digital Town Halls for best practice sharing on Credit union responses to COVID-19, held each Wednesday (Brian is on the June 17 recording): https://www.big-fintech.com/CU-Digital-Town-Hall
The BIG website: www.big-fintech.com
Follow the Best Innovation Group on Twitter: @bigfintech
Follow Glen on Twitter @154Advisors
Follow John on Twitter @jbfintech
Glen has 20+ years of FinTech experience, including leadership roles at industry heavyweights CheckFree, McKinsey and Deluxe. As a student he also helped launch a credit union at the University of Pennsylvania. Glen's firm 154 Advisors helps FIs and FinTechs navigate the rapidly evolving financial services landscape. His BIGCast episodes focus on payments issues, intriguing new products and industry hot topics. Follow him on Twitter @154Advisors
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