Weekly Coffee Break: Roundup of Industry News

This is a roundup of industry news and links for the week of September 17th that have informed, entertained, and inspired us.

Here’s our weekly roundup of industry news:

Large Fintech Lender Chooses Shaw Loan Servicing Software – Shaw Systems Associates LLC announced that a large fintech lender has chosen our loan servicing software. They will be leveraging our solution’s ability to manage the entire customer life-cycle including customer service, delinquency management and recovery. This large financial services company provides inclusive, affordable financial services which empowers their customers to build a better future.

Value of blockchain goes beyond the hype – Blockchain is one of the most widely discussed and hyped technologies in recent times. Most industries, if not all, should be either excited or worried, or both, about its potential. Use cases, proof-of-concepts, and fully fledged businesses based on blockchain technology are emerging at an increasing pace.

When a new technology hits the market, misconceptions and myths often pop up alongside it. This is certainly the case with blockchain.

The Fintech Banks Are Coming: Why You Should Care – The fintech banks are coming. With regulators accepting applications from financial technology startups for national bank charters, traditional banks are going to see a lot more competition. Potentially bad news for them. But for consumers, it could be a win if it results in better service and lower costs.

How does artificial intelligence change banking, and how can community banks prepare? – Artificial intelligence (AI), or the development of computer systems to perform human-like tasks, like decision-making and speech recognition, is a fairly divisive topic. Sometimes, the uncertainty surrounding AI can be met with anxiety, fearing that one’s job or industry may be overtaken by automation.

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