The Crypto Creature from Wyoming
The regulatory landscape for US financial institutions is notoriously complex, a complicated web of overlapping federal agencies and state authorities. The need to comply with so many rule makers is frequently cited as a reason the US lags in financial innovation. Sometimes it takes a bold, borderline crazy move to jumpstart the process. And we may have just seen one in- of all places- Wyoming.
Re-run: There’s Nothing Cryptic about These Digital Dollars
Glen interviews Daniel Gorfine of the Digital Dollar Project about his vision for a government backed tokenized currency and a recent US “Sputnik Moment.” Also- a setback on payday lending, and a rejected credit union merger highlights the perils of succession planning.
Lessons from the 1918 Pandemic – and What Comes Next
Credit unions – and innovation – don’t exist in a vacuum. There’s plenty to be learned from experiences beyond financial services, as well as the broader context in which we all operate. That’s one of the principles behind BIG’s weekly Digital Town Hall Meetings, at which credit union leaders share best practices and recent developments.
Digital Banking’s New “App Store” Model
Glen speaks with leaders from Finzly and Q2- both Finovate Fall Best of Show winners- about innovative approaches to rapidly bringing digital banking solutions to market. Also, more on working from home and our gradual return to the workplace.
Operating Assumptions and the Great 2021 Budget Challenge
Budget season is among the year’s most stressful and aggravating times under the best of circumstances. Layer on our current uncertainty regarding the economy, public health and election outcomes and the challenge begins to feel insurmountable.
Working From Home- For Now, or Forever?
John and Glen discuss the pluses and minuses of our extended WFH period and its implications for the future of the workplace. Also, how on earth does someone budget for 2021?
Finovate Fall- Best of Show, Key Themes, and Cool Ideas
The always intriguing Finovate conference followed the rest of society into the digital sphere last week, adapting its tried-and true model of seven-minute demos of cutting edge financial technology just slightly for the new format. While the buzz of a packed auditorium devouring live demos was missing, the ideas being pitched were as compelling as ever.
The Curious World of Checks and Coins
Of all the havoc the coronavirus has wreaked on daily life, disruptions to payments behavior hardly tops the average consumer’s list. Nonetheless these impacts are real, and they matter quite a bit to leaders of credit unions and other financial services firms.
Digital Transformation and Consumer Psychology
Fintech thought leaders Brett King and Ron Shevlin share perspectives on taking transformation beyond buzzword status, pushing the right buttons to influence consumer financial health, and the disconnect between the stock market and the Main Street economy.
The Debate Continues- How Many Apps Should a Credit Unioan Offer?
A few weeks back John and Kevin initiated a spirited debate over the multiple tradeoffs baked into a credit union’s app strategy- user friendliness, functionality, ease of ongoing updates, etc. Check out our prior post for the first half of this conversation, particularly on whether it’s best to offer a single all-inclusive app addressing every banking need, or a compact ”everyday” app along with a series of others suited for less frequent needs like mortgage applications.