Weekly Coffee Break: Roundup of Industry News
Every week, we’ll share a roundup of industry news and links that have informed, entertained, and inspired us.
Here’s our weekly roundup of industry news:
Seven Common Retirement Mistakes Seen by Financial Planners – Watching the sunset on the beach every day. Doing a cross-country road trip whenever you feel like it. Finally devoting time to that hobby you’ve been dreaming of turning into your full-time gig. If you’re like a lot of folks, one or all of these are something you want to do in retirement someday. And to help turn these visions into reality, you’re probably contributing to a 401(k) or IRA, hoping that compound growth will help you build a nest egg sizable enough to make those dreams come true.
Technology is changing how people access their financial records – Many new financial innovations rely on people choosing to give a company access to their digital financial records held by another company. If you’re using these kinds of services, we’d love to hear from you. Make your voice heard.
Credit Unions Create New Lending Partnerships – Five credit unions have agreed to buy mortgage loan services from myCUmortgage, a Beavercreek, Ohio, CUSO.
Blockchain adoption in banks coming, but slower than expected – Banks will likely take 24 months or longer to push blockchain software systems into commercial production, says the man who championed the digital ledger technology at UBS.
Future of Fintech: Creative Collaboration or All-Out Revolution? – Between 2010 and 2015, worldwide investment in financial technology ventures rose from USD $1.8 billion to USD $22.3 billion. As fintech investments continue to rise, so too does the digital revolution in financial services. Competition is increasing between new and established financial brands, as loyalty wanes amongst millennials. While it is unclear whether fintech presents more of a challenge or an opportunity for established financial institutions, incumbents are now taking bold steps to engage innovators and grow in new directions.