Elections Have (Fintech) Consequences

Glen shares insights- including perspectives from multiple sources- on how the election’s outcome will impact credit unions, banks and fintech firms. Also, the impact of California’s Prop 22 on the gig economy, Ant Financial’s spectacular IPO head fake, and Visa/Plaid runs afoul of the Department of Justice.

Links related to this episode:

Ballotpedia’s overview of California’s Proposition 22 on gig economy workers: https://ballotpedia.org/California_Proposition_22,_App-Based_Drivers_as_Contractors_and_Labor_Policies_Initiative_(2020)

TechCrunch’s coverage of Visa/Plaid antitrust concerns: https://techcrunch.com/2020/11/05/doj-files-antitrust-lawsuit-challenging-visas-5-3-billion-acquisition-of-plaid/

Business Insider’s update on the Ant Financial IPO saga: https://www.businessinsider.com/what-happened-ant-group-ipo-jack-ma-alipay-2020-11

Registration for the Federal Reserve’s November 17 webinar on the employment effects of racism in the economy https://www.minneapolisfed.org/events/2020/racism-and-the-economy-focus-on-employment

Recent Atlanta Fed paper on digital payments as a path to financial inclusion: https://www.frbatlanta.org/promoting-safer-payments-innovation/publications/2020/09/30/shifting-the-focus-digital-payments-and-the-path-to-financial-inclusion.aspx

Best Innovation Group’s ongoing Digital Town Halls for best practice sharing on Credit union responses to COVID-19, held each Wednesday: https://www.big-fintech.com/CU-Digital-Town-Hall

The BIG website: www.big-fintech.com

Follow the Best Innovation Group on Twitter: @bigfintech

Follow Glen on Twitter @154Advisors

Follow John on Twitter @jbfintech