Weekly Coffee Break: Roundup of Industry News

Weekly Roundup of Industry News

This is a roundup of industry news and links for the week of May 15th that have informed, entertained, and inspired us.

Here’s our weekly roundup of industry news:

SoFi Is Building the ‘Banking Model’ of the Future – Relationship-banking is top-of-mind for financial institutions, but in many cases, that does not translate into real actions. That’s according to Mike Cagney, CEO of SoFi. “We don’t think of ourselves as a finance company, we are a relationship company,” Cagney said during TechCrunch Disrupt yesterday. “[Traditional] FIs have been resistant to this model, but in 10 to 15 years, every financial institution will look like this.”

Would You Like to Set Google As Your Default Financial Institution? – Consumers can now use their Google credentials to make online and mobile payments via a stored credit card.

The tech giant unveiled the tool yesterday, during its annual I/O developer conference in Mountain View, Calif. The service will act much like a regular mobile wallet — of which there are an abundance — with users to soon start seeing a Pay With Google button across various sites.

How to bring humanity and tech together: Innovators and advocates on hope for the future – The headlines are everywhere. Social media makes us narcissists. Screen time atrophies the brain. Work is inescapable. We sleep less, weigh more, and report higher levels of depression … all thanks to the onslaught of tech. On the other hand, many of technology’s benefits are undeniable: longer life spans, reduced poverty, and the democratization of both knowledge and opportunity. The question is: Can we bring humanity and tech into harmony?

How bots will build tomorrow’s businesses – The year is 2027. Sonya, an entrepreneur, is setting out to establish her own business. After researching and analyzing market opportunities, she decides to create an ecommerce business selling vintage coffee makers to the aging millennial market — now a nostalgic item because of automatic kitchens. Here’s how Sonya puts a variety of bots to work to make it happen.

The Ransomware Attack Isn’t Over—Here’s How to Protect Yourself – If your computer’s running on Microsoft Windows, you need to take these steps—right away. Here’s why: in case you haven’t heard, hackers exploited a vulnerability in older Microsoft Windows servers to execute a large-scale global cyberattack on Friday using ransomware — a malicious software that holds your computer hostage for ransom — and a hacking tool stolen from the U.S. National Security Agency (NSA). The massive attack left victims locked out of their PCs with a promise of restored access if $300 was paid in digital currency Bitcoin—and a threat of destroyed files if the ransom is not met.