This is a roundup of industry news and links for the week of June 19th that have informed, entertained, and inspired us.
Here’s our weekly roundup of industry news:
1 in 5 Consumers No Longer Carry Cash – Mobile wallets may not be replacing cash as yet, but that doesn’t mean cash is still the consumer go-to.
About 20% of consumers (or 1 out of 5) are not presently carrying physical cash in their physical wallets, according to the American Express Digital Payments Survey released this week.
More than just fun in the sun: Summer money matters for young workers – Each summer, millions of young people get their first job. With every first job comes a first paycheck, and that first paycheck is an opportunity for young workers to develop their own financial skills.
Alert: There are too many cybersecurity alerts – Security alert overload, a source of frustration for bank security departments for some time, appears to have careened out of control.
A survey of bank security chiefs by the research firm Ovum documents how high the daily volume of messages about possible security incidents has grown. A third of the respondents were from banks in North America.
Why summer can be deadly for teen drivers – With most kids out of school and summer almost here, local law enforcement agencies are stepping up efforts to keep teens safe behind the wheel.
Breaking Banks: AI and the Future of Money – In this episode, host Brett King is joined by Stephen Wolfram to talk about Artificial Intelligence and Machine Learning, and how those will affect the future of money, finance, and the ethical discussions we need to be having to plan for it.
Credit unions trapped in the thick of thin things – Spend as much time with credit union boards and management teams as I do and you’ll learn that far too many credit union leaders spend too much time focused on the “thin” operational things and not enough time and thought on the “thick” strategic things.