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 July 10th that have informed, entertained, and inspired us.

Here’s our weekly roundup of industry news:

5 Fintech Startups Under the Radar – Fintech is growing more quickly than ever, but sometimes we have a tendency to focus on the innovations made by the big companies, leaving smaller fintechs in the shadows.

From PFM to P2P to roboadvisors to microlending, these under-the-radar startups are changing the world of fintech.

The risks and rewards of Bitcoin and blockchain – Bitcoin, a new digital currency utilizing blockchain payment technology, first hit the open market eight years ago in 2009. But many still overlook the fact that blockchain technology has far more applications than meet the eye.

The ability to manage data “blocks” and “chain” them together through a distributed ledger, without the need of an administrator, all while providing transparency and security is appealing to disruptors in the payments, insurance, and identity industries.

3 reasons to upgrade your technology – Technology is a funny thing. You get the latest iPhone, drive home with it, and by the time it’s activated they’re already announcing the next one. In the office however, things seem to move a little bit slower. While it’s occasionally okay to be a step behind other industries, outdated technology can definitely affect your business. Here are a few reasons it may be time to update the tech in your office.

New Warnings of More Ransomware Attacks On the Way – Newly discovered credit card data breaches point out the need to defend against hackers, who have flooded the dark web with personal information and opened the door to more ransomware attacks.

CFPB to Exempt More CUs From HELOC Reporting – Credit unions representing nearly a quarter of the nation’s members will get a break from reporting home equity line of credit data to federal regulators under a rule change proposed Monday.

Get on board with mobile auto loans – If your credit union isn’t offering members the ability to apply for, receive approval for, and check status of an auto loan from anywhere, you may be missing out on sales. As times and purchase habits change, our industry must adapt and stay on the cutting edge of technology. These days, that means conducting business by smartphone, tablet, and mobile device.