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 20th that have informed, entertained, and inspired us.

Here’s our weekly roundup of industry news:

Retail Personalization May Not Come Soon – In today’s fast-paced world of smart devices, consumers are becoming more demanding with regards to product and service delivery. Welcome to the age of instant gratification.

Retailers are scrambling to figure out the best ways to provide a more tailored and engaging experience. Research from Boston Retail Partners (BRP) and Manhattan Associates shows that while 70 percent of surveyed North American retailers understand the importance of personalization and are putting it at the top of their objectives list in 2017, many don’t have any actual plans to put the wheels in motion for a few years out. The study, which surveyed 500 retailers in North America and Canada, was conducted in November and December 2016.

8 Fintechs That Made the Cut at PitchIt – Lendit and 500 Startups have announced the eight finalists for their PitchIt competition, which will occur at the annual LendIt conference next month.

The eight fintechs chosen to compete for mentorship (among other perks) from top companies like Plug & Play Ventures, InnoVentures, and StartupBootcamp span various corners of fintech, from online lending to identity verification. The companies were chosen from a pool of 300 applicants this year.

Blockchain Is Coming to the Auto Industry, and Not Just for Financing – Hyperledger Project – the cross-industry effort for the advancement of blockchain technology – enlisted a new member, but it’s not your usual bank or tech firm this time.

Daimler AG — the parent company of Mercedes Benz — joined the project yesterday as a “Premier” member to “collaborate with a global network of experts in order to build the cross-industry blockchain standard,” the company said in a statement.

Fintech Growth in U.S., U.K. Makes Regtech Next Battleground – With an anticipated wave of de-regulation, neither the U.S. nor the U.K. wants to apply the old way of regulation to the fintech firms that are becoming the new norm for financial services.

Could regtech be the solution?

“Fintech has started to permeate the [global] economy in one way or another—fintech is growing so large and so fast that it cannot avoid regulatory scrutiny,” said Milton Ezrati, chief economist for Vested, on a panel discussion held today at the British Consulate in NYC.

A Decade of Credit Union Noninterest Income: Infographic – A decade of Credit Union Noninterest Income: Key Stats.