Plaid Direct Deposit- Be Afraid, Be Very Afraid
You’ve probably seen the bumper stick that reads, “If you’re not outraged, you’re not paying attention.” Based on recent news I’m offering a new spin for leaders of credit unions and community banks: If you’re not terrified, you’re not paying attention.
Where Will the SolarWinds Blow Next?
For a few weeks in December the SolarWinds software breach was big news. Like so many events these days, however, it was soon crowded out of the headlines- which I suspect is just fine with security experts, who prefer to combat these threats outside the glare of attention.
Predicting Bitcoin’s Price- and Other Fool’s Errands
lready feels trivial to revisit 2020’s twists and turns, but we at BIG believe it’s important to hold ourselves to account. Our last blog assessed the accuracy of several of the fintech predictions we made as the curtain raised on 2020, including Big Tech incursions, strategic acquisitions and security breaches.
Grading our 2020 Fintech Predictions
A blessing/curse of posting to the internet is that it’s virtually impossible to destroy evidence of past statements. Not that we’re looking to hide anything- when John Best and I recorded our annual BIGCast episode offering fintech predictions for the coming year, John rightly suggested we revisit 2020’s predictions, holding ourselves to accou
Find Out Why Digital Banking Will Never Be the Same
One of the biggest financial stories to emerge from the pandemic has been the forward jolt to digital adoption for services like banking an e-commerce. Of course, the overall trend toward digital channels has been underway for some time.
2020’s Biggest Fintech Stories, Part 2- Gigs, Newly Chartered Waters, Credit Skirmishes
Last week we recapped five of the most important fintech stories of the past year (don’t worry; none of them involve pandemics or the election). Let’s continue with a few more, including some late-breaking news:
The Biggest Fintech Stories of 2020- Other Than Those Two
John Best and I decided to bypass our annual Year’s Top Fintech Stories podcast and proceed directly to 2021 predictions- after all, isn’t everyone ready to move on without further discussion of coronavirus and the election?
Who Sets the Rules for the Gig Economy?
The gig economy is driving one of the greatest labor market transformations in generations. Such shifts rarely occur without havoc and discomfort- which is precisely what we’re seeing today. On November 3 California residents voted on Proposition 22, a ballot initiative designed to reset the rules governing drivers for app-based services like Uber and DoorDash. The story is already compelling, and we’re nowhere near the final chapter.
The People Have Spoken- What Did the Regulators Hear?
As people from both ends of the political spectrum took to the streets Saturday in reaction to election news, many were quietly asking themselves, “Wait- what does this mean for banking and fintech?” (just kidding- sort of)
Global Credit Union Growth continues to flourish- but closer to home, the story is murkier
One of the pandemic’s many casualties was the joint CUNA/World Council of Credit Unions (WOCCU) conference, which had been scheduled for July in Los Angeles. Recently WOCCU released its annual Statistical Report, which presumably would have been cause for celebration at the live event. And there is plenty to celebrate, with global membership growth of 17 million (over 6%) in 2019 alone.