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:
All the Free Stuff You Can Get on Tax Day 2016 – Great news, procrastinators! Tax Day is Monday, April 18, this year, so you have a little extra time this weekend to knock them out. Note: Friday is Emancipation Day, which is a legal holiday observed in Washington, D.C., which is why we’re getting some extra time. No one looks forward to filing taxes (even if you’re going to score a refund), but not to worry… there are some deals and freebies on Monday that serve as a reward for you getting them done.
Don’t Just Plan For Retirement, Plan For the Rest of Your Life – When you think of planning for your retirement, you probably think of 401(k)s and interest calculators and other money stuff. That’s all good, but don’t neglect to consider how you’re going to spend your time.
Gamification of cardholder engagement – We all know someone who is constantly checking their phone, and it’s now commonplace to see some sort of technology worn as a daily accessory and regularly monitored. You might know this person, or maybe this person is you. One word comes to mind: Fitbit. What is it that makes this fitness app so addicting? Simple: Gamification.
How financial literacy education pays off – Because consumers easily get overwhelmed with credit card debt, along with everyday bills, many financial organizations have stepped up financial literacy efforts. Consumers are encouraged to take courses in financial management, budgeting, and targeted savings. It appears to be paying off.
6 Payments Strategies Credit Unions Should Adopt – Fintech is coming hard after payments and just about every other primary banking function, pitting credit unions and other financial institutions against a growing list of well-funded startups. The technologies those startups are building are transforming how credit unions compete, so CU Times asked a few experts what payments products, services and processes they thought credit unions must have today to stay relevant.
How We Define & Categorize Fintech – A lot of people ask us how we define Fintech. The really short answer is “broadly”. The slightly longer answer is “the reinvention of Financial Services through digitization“. This note gives a more complete answer and defines the different segments within Fintech.