A Pivotal (Sub)Chapter in Credit Union History
The term “existential threat” has been coming up a bit too often for comfort- and this time it may not be hyperbole.
GAC Takeaways: Tax Exemption, Interchange, the CFPB and NCUA
Record-setting attendance of more than 6,000 is a nice headline, but it only begins to convey the story. Last week’s Governmental Affairs Conference featured heightened levels of energy and urgency that transcended badge counts- and not for entirely happy reasons.
Zelle Hits a Trillion, Same Day ACH Says “Hold My Beer”
A flurry of year-end data provided valuable insight on the state of faster payments in the US and prompted some organizational chest-thumping. It also breathes new life into the question, “how fast is fast enough?”
Did You Have That One On Your Bingo Card?
What started as an offhand comment- “I bet you didn’t have that on your bingo card”- took on a life of its own.
Making Sense of Trump’s Crypto Executive Order
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.
Recapping 2024’s BIGgest Credit Union/Fintech Stories
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.
Making Sense of FedNow’s Data Dump
Almost precisely sixteen months after launching its long anticipated network of instant payment rails, in late November the Federal Reserve finally shared volume metrics for its FedNow service. While a welcome addition to our understanding of the landscape, the data is of the “glass half full/half empty” variety, and so far raises as many questions as it answers.
Going Deep, Hitting the Gaps at VentureTech
Twenty-five young fintechs. 74 credit unions. This November’s edition of VentureTech assembled a potent mix of players designed to drive engagement across the ecosystem- fostering both the investment in and adoption of new solutions.
Money 20/20 Takeaways: Gen AI, Open Data and a Cloud of Dust
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.
The CFPB’s Personal Data Rights Rule: Exhale, but Don’t Get Comfortable
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.