Weekly Coffee Break: Roundup of Industry News
Every week, we’ll share a roundup of industry news links because these resources have informed and inspired us. Here’s our weekly roundup of industry news:
You Don’t “Find Your Calling,” You Fight For It – Every human brain has a built-in capacity to become, over time, what we demand of it. No two people are born with the exact same potential. And no ability is fixed. If you want to choose to be your authentic self, you can let go of who you think you should be to be who you are.
Here’s where Fintech is heading next – Tuesday I’ll be co-moderating the Singularity University Exponential Finance Conference in New York. The event provides another opportunity to assess how disruptive technologies like machine learning, artificial intelligence, big data, robotics, and blockchain technology are influencing the financial world.
Say goodbye to plastic – Wouldn’t it be nice to say goodbye to plastics? Imagine your cardholder loses your card while away on a business trip. Imagine your cardholder getting that dreaded phone call or text alert notifying them that their debit or credit card number has been compromised and the card has been shut down. These are tough realities, right?
You drive the terms of your auto loan – Purchasing and financing a vehicle can be one of the most expensive – and complicated – decisions you make in your lifetime. While many people shop around for the best deal they can get on their vehicle, not everybody shops for the best auto loan.
Identity Fraud: Back with a Vengeance, Harder to Stop – New-account fraud is growing fast and forcing banks and their data brokers to rethink the way they verify the identities of new customers.
The opening of fake accounts using stolen or made-up (aka synthetic) identities more than doubled in 2015, according to a Javelin Strategy & Research report. Crooks stole the identities of, or appropriated personal information from, 1.5 million consumers — up from 700,000 in 2014 — to create fraudulent checking, credit card, loan and other accounts.
21 million driverless cars could be on the road by 2035, report says – Analyst organization IHS Automotive increased its estimate of the number driverless and self-driving cars it expects to see across the globe. In January 2014, IHS predicted self-driving car sales would reach 11.8 million by 2035.