Glen shares a pair of interviews from last week’s Deluxe Exchange conference- Scamnetic co-founder Al Pascual on a startup’s mission to preempt fraud earlier in the pipeline, and Deidre Campbell on a few financial services silver linings amid troubling data from the annual Edelman Trust Barometer. Also- Bingo cards and the CFPB carousel.
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In this session, we opened the floor to discuss the latest issues shaping the credit union industry. With the recent shutdown of the Consumer Financial Protection Bureau (CFPB), alongside discussions on the proposed 10% cap on credit card interest rates and renewed debates over credit unions' tax-exempt status, there is no better time to connect, share insights, and strategize for the future.
What started as an offhand comment- “I bet you didn’t have that on your bingo card”- took on a life of its own.
Glen speaks with NACUSO’s Interim CEO- and serial CUSO founder- Miriam Ackerman about plans for the group’s Reimagine conference this April in Las Vegas, including a juiced up Next Big Idea competition. Also- a quick summary of the busiest credit union news week in recent memory.
John and Glen (mostly John) sort through the details of the still-evolving DeepSeek story. They assess how much of the freakout is warranted (is it “a Sputnik moment”?) and propose a scenario in which it may actually represent a *plus* for credit unions. Also- yet another twist in the Illinois interchange saga.
In this session, we continued the conversation from December around the evolving regulatory environment and its impact on financial institutions, focusing on what to expect with the incoming administration, including the ongoing debates around H1B visa policies and their implications for innovation and growth.
It took a mere four days back in office for President Trump to issue his Executive Order, “Strengthening American Leadership in Digital Financial Technology.” Somehow it managed to qualify as a bit of a letdown for some crypto enthusiasts who had become convinced their cause was a high enough priority to warrant a mention in the inaugural address.
John and Glen connect with noted security expert Roger Grimes to untangle the recent developments in quantum computing and discuss why Roger believes the big encryption-obliterating breakthrough will come sooner rather than later- if it hasn’t already.
Glen speaks with BankSocial COO and former credit union CEO Becky Reed about what credit unions should expect from “the most crypto-friendly administration in US history,” including regulatory clarity and a symbiotic relationship between crypto and AI. Plus- notes from the DC Crypto Ball, and a very busy Bingo card.
Our final BIGCast of 2024 featured a roundtable discussion of the year’s stories we deemed most impactful for credit unions. Here’s a summary for those of you who prefer the printed word- taking liberties as the author of this piece, I’ve added a pair of bonus picks.
Glen kicks off the 2025 BIGCast season with Bancography President Steve Reider and a deep dive into branch dynamics. We all know the number of branches is declining but a close look at the data reveals several intriguing subplots (psst… it’s not the credit unions downsizing). Plus the return of BIGCast movie reviews!
In this session, we continued the conversation from December around the evolving regulatory environment and its impact on financial institutions, focusing on what to expect with the incoming administration, including the ongoing debates around H1B visa policies and their implications for innovation and growth.
Meet The BIGcast Network
The fintech industry is evolving rapidly, and the BIGcast is here to delve into its impact on the credit union industry. Our esteemed guests from across the financial, technology and security sectors will provide thrilling perspectives on the latest fintech innovations that are poised to revolutionize the way we handle our finances. Each week join thought-leader, John Best and subject matter expert, Glen Sarvady as they take a quick dive into the financial industry’s current breakthroughs and latest hot topics.
John Best
CEO, Best Innovation Group
Glen Sarvady
Managing Principal, 154 Advisors