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 October 2nd that have informed, entertained, and inspired us.

Here’s our weekly roundup of industry news:

Everything you’ve always wanted to know about fintech – The financial technology (fintech) industry is thriving globally and received $17.4 billion in investment last year alone.

According to EY’s Fintech Adoption Index, a third of consumers worldwide are using two or more fintech services, with 84 percent of customers saying they are aware of fintech (up 22 percent from the previous year).

But users are often unaware that the financial services applications they use count as “fintech”, or may not know what exactly fintech and its accompanying jargon means.

The Rise Of Machines That Think – This week’s milestones in the history of technology include the end of life of one of the first examples of artificial intelligence or “giant brains” and its 50th anniversary, patents for the transistor, xerography, and carbon paper, and the first solar-powered mobile phone.

Frank Abagnale Jr. on Equifax, Check Fraud, and Cybercrime – The Wall Street Journal’s Henry Williams and security consultant Frank Abagnale Jr., known for inspiring the film ‘Catch Me If You Can,’ join MoneyBeat to talk about the prevalence of check fraud today and where financial security ultimately stands in a new digital landscape.

PayNearMe Announces the PayNearMe Channel Partner Program for U.S. Partners – PayNearMe, the leading provider of cash payment processing solutions for government and enterprises, today announced the creation of the PayNearMe Channel Partner Program for partner deployments in the U.S. A brand of Handle Financial, PayNearMe created the Channel Partner Program to ensure that partners are fully equipped to take advantage of PayNearMe technology and resources and thereby accelerate the implementation and adoption of PayNearMe offerings by partner affiliates.

Payday Lending Faces Tough New Restrictions by Consumer Agency – A federal agency on Thursday imposed tough new restrictions on so-called payday lending, dealing a potentially crushing blow to an industry that churns out billions of dollars a year in high-interest loans to working-class and poor Americans.