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 February 13th that have informed, entertained, and inspired.

Here’s our weekly roundup of industry news:

Lending By The Numbers – Credit unions originated $343.6 billion through third quarter 2016 — that’s an all-time record. See which areas contributed to this double-digit year-over-year growth.

Mobile Banking Optimal for Lending Growth – Mobile banking allows credit unions to compete with larger financial institutions. It gives them a competitive edge and greater flexibility. It is also great for lending growth.

Breaking Banks: Fintech Finals 2017  – In this episode of Breaking Banks, host Brett King explores the growing landscape of Chinese and Indian fintech–in between keynoting at the 2017 NextMoney Fintech Finals in Hong Kong.

Here, King and guests–which include Ghela Boskovich, Jessica Ellerm, Liam Gilligan, Amit Goel, Matt Dooley, and Steve Breen–delve into the huge potentials of the Chinese and Indian economies, and the impact the realization or growth of that potential might have on global fintech.

12 Coolest Brands in Banking 2017 – What Amazon did with “Just Walk Out” stores was cool. Snap’s Spectacles – also interesting. Some may argue that Pokemon Go had a good run too.

Those innovations may seem cool to the wider public, but we – the fintech-obsessed – dig deeper to uncover the underlying coolness within mainstream banks and cutting edge fintechs.

For the sixth consecutive year, Bank Innovation has compiled a list of the most inspired and inventive financial services companies out there – from the largest banks to the smallest tech companies – who are setting the tone for the banking of the future.

CFPB looking to alternative data to help unbanked – The Consumer Financial Protection Bureau is seeking feedback on the benefits and risks of using alternative data sources, such as rent or utility payments, that would allow lenders to build a credit history for unbanked consumers.

Blockchain 2017: Out of the Lab, Into the Field – As many have predicted, 2017 is the year blockchain is set to break out of the Proof-of-Concept stage and into production environments. Over the past few years, I’ve been immersed within the bitcoin and blockchain space. It’s exciting to see the myriad of use cases for this technology being explored — conjuring up both the optimist and the cynicist in me at impressingly rapid intervals.

Four ways banks are turning the tables on cybercriminals – Instead of waiting for the next cyberattack, banks are taking several steps to get ahead of the problem.