Battle Lines Being Drawn on Illinois Interchange
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.”
Show Me the Money
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.
Discovering the Drama in Interchange
John and Glen explore the machinations of the Interchange Fee Prohibition Act, the potential impacts that extend well beyond Illinois, and how it could alter prospects for the Capital One/Discover merger. Also- initial thoughts on the DOJ’s antitrust suit against Visa’s debit business, and a gratuitous swipe at Ticketmaster.
Digging Further at FinovateFall
Part 2 of our Finovate recap features interviews with three more standouts- Further, MoneyKit and Telesign- from an impressive batch of demoing companies. Plus- Glen reveals his Best of Show ballot, and serial entrepreneurs extend their winning streaks.
Big CU Energy on Display at FinovateFall
It didn’t take a futurist to predict that artificial intelligence would be the most visible technology on display at FinovateFall. But AI’s progress was not the main story at the annual conference that recently wrapped up in New York City. For me the key takeaways were the healthy cohort of up-and-coming companies, and an apparent tipping point in credit unions’ prominence in the fintech ecosystem.
CU Town Hall Episode 122: Primary Financial Institutions
In this session, we discussed the transformative power of embedded finance for credit unions. As competition grows and economic challenges persist, this innovative approach allows credit unions to integrate financial services into everyday shopping and e-commerce experiences, effectively reaching new audiences. We explored how leveraging embedded finance can enhance brand visibility and improve the financial well-being of communities, helping credit unions thrive in a competitive landscape
The Best Things I Saw at FinovateFall
Glen speaks with two of his favorite fintechs he saw at the recently completed and highly engaging FinovateFall conference: Best of Show winner CardLift and fraud/dispute management platform Quavo. Also- an overview of the eight Best of Show winners, the inevitable artificial intelligence parade, and a pronounced shift in favor of credit unions.
Retaining Member Trust amid the Decline of Authority
Glen speaks with Managing Director Deidre Campbell about the Edelman Trust Barometer and its insights on consumer attitudes, with impact for financial institutions and beyond. We then detour into regenerative farming as Fintech South Innovation Challenge winner Alex Edquist discusses how her startup Good Agriculture empowers small farms. Also- banking’s version of the Tide Pod Challenge?
The Strange Bedfellows of Bitcoin
John and Glen riff on the role Bitcoin is suddenly playing in the presidential election, and the thorny issue of how the US government should “manage” its crypto holdings. Also- assessing the prospects beyond the bluster for productive crypto legislation, and the bizarre backstory of HODL.
Ill Communication on Illinois Interchange
The Illinois Credit Union League’s Tom Kane and Ashley Sharp go deep on the turmoil surrounding Illinois’ problematic new interchange law and the steps being taken to course correct. Also- Sam Altman’s Worldcoin moves fast and scans (personal) things, and…Backpedaling as a Service (BaaS)?