Weekly Coffee Break: Roundup of Industry News
Every week, we’ll share a roundup of industry news links because these resources have informed and inspired us. Here’s our weekly roundup of industry news:
Snuggle up: This Valentine’s Day is going to be brutally cold in the Eastern U.S. – If you live anywhere from the Ohio Valley to the Mid-Atlantic and Northeast, finding a date for Valentine’s Day may be a matter of actual physical survival this year, as a brutally cold air mass descends on the region. Temperatures on Saturday night could plunge near or below record lows from Washington, D.C., to New York City, Boston, Albany and interior portions of northern New England.
How healthcare exchanges affect your credit union – One impact of the Affordable Care Act is a move toward healthcare exchanges, also known as the healthcare marketplace. A healthcare marketplace is a venue established to facilitate the purchase and sale of health insurance plans compliant with the ACA.
Putting Company Culture at the Core – For credit union executives, the start of a New Year generally spawns a period of intense introspection into how to improve on a variety of issues from the previous year. Of course you want to generate more revenue and grow your member base. Surely you want access to the latest and most efficient technologies. Certainly you want to create happy, productive and loyal employees. What if I told you that there is a secret sauce to achieving all of the above? It’s called company culture, and it can be a real game changer.
How credit unions can win the millennial market – The Center for Financial Services Innovation (CFSI) describes itself as “the authority on consumer financial health, leading a network of committed financial services innovators to build better consumer products and practices.” I don’t really know what that means.
The Most Influential Women in Payments, 2016 – Every year, PaymentsSource (an affiliate publication of American Banker) honors the women who are driving change in one of the most dynamic areas of financial services.
The past year has been particularly exciting for these honorees, who are leading their companies’ efforts in key initiatives such as the introduction of EMV-chip card security, the reshaping of the mobile wallet landscape, and development work toward an ecosystem that supports faster payments. On top of that, many participate in mentorships and other programs that support the advancement of women in this critical industry.
Carbanak Hackers Targeting Banks Again, Security Pros Say – Carbanak, a type of cybersecurity attack on banks, has been spotted in action again.
Kaspersky Lab, the Moscow-based security software company that announced the discovery this week, is calling this round “Carbanak 2.0.” (The name is derived from the malware it’s based on, the banking Trojan Carberp.) Last year, the so-called Carbanak Gang of hackers breached the networks of 100 banks in 30 countries and stole a reported $1 billion.