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 27th that have informed, entertained, and inspired us.

Here’s our weekly roundup of industry news:

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.

Improve Your Reading Comprehension by Writing Three-Sentence Summaries – There’s no point in reading something if you don’t take some of it with you. This simple exercise, when used with diligent note taking, can help you retain more of everything you read.

How To Avoid Pitfalls When Buying A Used Car – The car you’re driving now is on life support. You know it. Even the car knows it. What do you do now? Well, the decision comes down to new vs. used.  A new car obviously has no previous problems and comes with full warranties. But the drawback of a new car is the price, as well as the instant depreciation the minute you drive it off the lot. As much as you might want to buy a new car, the cumulative cost might be too prohibitive. Therefore, a used car may be your best option. Follow this guide to avoid the pitfalls of buying a used car.

Online Fraud Spikes, Study Finds – America’s migration to EMV has crippled some types of card fraud, but the risk of online fraud is on the rise — especially during the holidays — according to new data from the Merchant Risk Council and fraud-technology company Forter.

The indexed findings showed a 79% spike in fraud risk for domestic holiday orders in the fourth quarter of 2016 versus the fourth quarter of 2015, and an 8.9% increase in online fraud attacks for 2016 as a whole.

Managing your spending to achieve your goals – Have you ever lost track of how much money you spent during the week, and ended up spending more than you meant to? If you’re having trouble sticking to a budget or saving money, you are not alone. According to consumer marketing research, nine out of ten shoppers report that they frequently buy items not on their shopping lists. When people overspend, they may have to dip into savings or borrow money, sometimes at a high cost, to make up for the difference between what they earn and what they spend.