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:
Top 10 Blockchain Headlines of 2016 – Blockchain—possibly the buzziest of buzzwords in 2016. The world saw the rise of new enterprise blockchains, how the technology might be used to transport gold, to safely move perishable items like pork through a supply chain, and most importantly for those of us in the fintech trenches, we saw banks, payment providers and other financial institutions start to sit up and explore what blockchain could mean for money transfers, global trade, insurance, and identity.
New innovations give blockchain a boost – Tech darling blockchain has been having something of a moment. Throughout 2016, thought leaders across industries have explored numerous blockchain use cases. TMG and its strategic partner CO-OP Financial Services, for example, engaged Mercator Advisory Services to develop a strategic decision framework for financial institutions (FIs) considering applications of the emerging digital ledger technology.
How Blockchain Will Change Your Life – Until the mid-1990s, the internet was little more than an arcane set of technical standards used by academics. Few predicted the profound effect it would have on society. Today, blockchain—the technology behind the digital currency bitcoin—might seem like a trinket for computer geeks. But once widely adopted, it will transform the world.
9 Credit Unions Spreading Holiday Happiness – Philadelphia-based American Heritage Federal Credit Union’s staff and members donated over 2,240 pounds of food to various charities this holiday season.
Top 10 Retail Banking Trends and Predictions for 2017 – For the sixth consecutive year, we have surveyed a panel of over 100 global financial services leaders for their thoughts on retail banking and credit union trends and predictions. The crowdsource panel including bankers, credit union executives, industry analysts, advisors, authors and fintech followers from Asia, Africa, North America, South and Central America, Europe, the Middle East and Australia.
Fair lending priorities in the new year – We recently marked the 40th anniversary of the Equal Credit Opportunity Act, a federal civil rights law that protects you from being discriminated against by lenders. As the holidays approach and we prepare for a new year, I wanted to let you know about key areas where the CFPB’s fair lending team will focus in 2017. This work supports the agency’s broader priorities across all the consumer financial markets we monitor.