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 August 7th that have informed, entertained, and inspired us.

Here’s our weekly roundup of industry news:

The 10 Biggest Fintech Companies In America – Financial technology companies in the U.S. raised $3.5 billion in the first half of 2017, according to KPMG, as investors rushed to place bets in buzzy sectors like insurance and digital currencies.

The U.S. is now home to 13 fintech unicorns who have scored valuations of at least $1 billion. This year alone, Robinhood (free trading), AvidXChange (automated invoicing for small businesses) and Symphony (Wall Street messaging platform) all joined the billion-dollar club.

Banks in Canada and cyber attacks – Banks constantly update their security systems and protocols to stay ahead of potential threats such as the WannaCry ransomware attack. As part of normal business, banks continuously monitor and maintain their networks to ensure that online threats do not harm their computer systems or disrupt service to customers.

Using data to grow your auto loan portfolio – How well do you know your members? As a credit union, you have an enormous amount of insight and knowledge available at your fingertips to help your members secure their financial future. Tapping into that information and figuring out the best way to utilize it can be challenging. With a few simple actions, your credit union can wield substantial value for your members while improving member retention, satisfaction, and wallet share.

The first rule of FinTech security – The first rule of FinTech Security is we don’t talk about FinTech security!  The second rule is everyone must have security.  Sound familiar?  That’s how it feels in many technology circles.  Today’s information security world is booming with not just products and services, and the security threats therein, but multiple interpretations of the word “security”.

Bitcoin Flirts With All-Time High Over The Weekend – Bitcoin, the leading cryptocurrency, jumped more than 16 percent on Saturday (August 6) to an all-time high of $3,360.87 before hovering around $3,303, propelling market capitalization to more than $54 billion.