Freshly back from the VentureTech conference, Glen shares interviews with Launch Party winner Ribbon and main event standout Wysh- plus plenty of key takeaways from investors, regulators, entrepreneurs and their prospective credit union partners.
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To the surprise of absolutely no one, Generative AI was the marquee attraction at this year’s Money 20/20 conference. The events team did its usual stellar job bringing key names to the podium- sector leaders Open AI, Nvidia, and Anthropic were well represented at the executive and panel level, sharing perspectives that haven’t yet become table stakes on the conference circuit.
Round 2 of our Money 20/20 highlights includes Glen’s interviews with a trio of founders- Andre Vellozo of DrumWave and Brittany Kaiser of the Own Your Data Foundation about a model allowing consumers to control and monetize the data they generate, and Eli Wachs of Footprint about combating fraud by whitelisting the good guys. Also- Bitcoin blows up and Cap One/Discover makes a comeback.
Glen’s annual Money20/20 highlights include a detailed update from Paze’s Head of Operations Catherine Murchie, a conversation with Allen Osgood, the founder of featured startup Eisen, and first-person reflections on CFPB Director Rohit Chopra’s unscripted comments regarding the agency’s personal data rights rule.
Glen speaks with the founders of Starlight and Credit Mountain, two award-winning startups with a goal of smoothing the turbulent patches of consumers’ financial journeys. Also- a first look at the CFPB’s 594-page magnum opus on personal data rights.
After nearly a year of deliberation, the Consumer Financial Protection Bureau has finally issued its final rule governing personal data rights, which is widely expected to set the framework for open banking in the US. Across 594 pages, the CFPB still somehow managed to kick the can down the road on several critical decision points.
n this session, we conducted an analysis of the impact of fraud on credit unions. With fraud rates on the rise, proactive measures are essential for effective defense. We examined the most prevalent types of fraud currently affecting credit unions, identified emerging trends and risks that may surface in the near future, and discussed prevention strategies to safeguard both your organization and your members against fraud.
Glen speaks with Jessica Heuer and Carrie Stapp about Velera’s recent Psychology of Payments study and strategies for engaging various segments of card users. Also- Durbin and Putin attempt workarounds, and Fiserv wades into uncharted waters.
Glen checks in with Money 20/20 President Tracey Davies for a preview of the upcoming four-day Las Vegas extravaganza. Also- a slew of updates on Illinois’ interchange fiasco, a countdown to the CFPB’s open banking rule, and a desperate attempt to tie 1990s funky divas to 2024 payment headlines.
In this session, we discussed the potential nationwide implications of Illinois' new Interchange Fee Prohibition Act, which is set to take effect in July 2025. As the first legislation of its kind, this act aims to limit how financial institutions can apply interchange fees on card transactions. We explored what this could mean for the broader financial landscape and what credit unions need to know to stay ahead of the curve.
When Illinois Governor J.B. Pritzker signed The Interchange Fee Prohibition Act into law in late June, it was already clear the legislation’s impact would radiate well beyond the state’s borders. The speed and intensity of the national reaction has nonetheless been surprising- reaching a peak (for now) with last week’s amicus brief by the OCC blasting the law as “unworkable.”
Glen speaks with key players at TruStage Ventures’ Fintech Summit: Discovery Fund Managing Director Elizabeth McCluskey on the state of early stage investing, founder Gwyneth Borden on Remynt’s journey to startup funding, and Maxwell’s co-founder John Paasonen on addressing the housing affordability gap. Also, surprising battle lines forming in the Illinois interchange showdown.
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