This is a roundup of industry news and links for the week of May 1st that have informed, entertained, and inspired us.
Here’s our weekly roundup of industry news:
Next Up in Insurtech: the Gig Economy – The Ubers and TaskRabbits of the world fueled the creation of a whole new layer of the labor market, which now spans across (arguably) every imaginable industry. Just like with every new industry, the gig economy is now in need of products and services, designed specifically for its unique market. Finance and insurance products, are, of course, on top of that list. Already, many FIs have jumped on the gig bandwagon; GreenDot, for example, partnered with Uber and Mastercard last year to offer instant pay for on demand workers.
Behind a desk all day? 4 ways to stay healthy while sitting – Start paying closer attention to your habits and the positions you’re in throughout the day while behind your desk. Are you slouching and squinting at your screen, or sitting up with your monitor in the proper place? Check out these tips for a comfortable workspace and how to follow “office ergonomics.”
Why community bankers should care about blockchain tech – Many community bankers take a wait-and-see approach to blockchains — “I’ll deal with it when it’s real.” But the technology requires major change in people and processes and smaller banks need to prepare, according to Joe Dewey, an attorney at Holland & Knight and author of a new book about blockchain technology.
It’s the end of banking as we know it, but that’s not a bad thing – Bill Gates has said, “Banking is necessary. Banks are not.” Astonishingly, he made this statement 20 years ago. If banks do not transform soon, he may be proven right.
The story of banking is very much one of technology. From banknotes and wire transfers to credit cards and automatic tellers, banks have always adapted to innovation. But today’s technology is different. While ushering in countless opportunities, technology is effectively bringing about an end to banking as we know it.
House panel approves reg reform bill along party lines – After more than two days of debate, the House Financial Services Committee on Thursday approved its sweeping Dodd-Frank Act rollback bill.
Top 3 things credit unions need to know about gamification – Engagement is the name of the game for gamification. Nearly 70% of US employees report that they are not engaged or are actively disengaged at work. With disengagement costing US employers $550 billion per year, having engaged employees is key for your credit union’s success.