Weekly Coffee Break: Roundup of Industry News
Every week, we’ll share a roundup of industry news and fun links because these resources have informed, entertained, and inspired us.
Here’s our weekly roundup of industry news:
AI and the IoT will Change Fintech by 2021, But Blockchain’s Not Ready – A new report says artificial intelligence and IoT are going to transform fintech before blockchain, which still has some growing up to do. The rise of AI and the Internet of Things (IoT) is happening rapidly—and according to a Forrester Research report released earlier this month, these are the two technologies that will provide fintech comapnies with the most opportunity to grow and expand their levels of customer engagement by 2021.
Lyft co-founder: ‘By 2025, owning a car will go the way of the DVD’ – In the near future, car owners will be in the minority, predicts Lyft co-founder John Zimmer. “By 2025, owning a car will go the way of the DVD,” says Zimmer, who is also president of the San Francisco-based ride-hailing service, in an article he wrote on Medium. In major U.S. cities, private car ownership “will all but end,” he writes. That’s because it’s both cheaper and easier to not deal with owning a car, says Zimmer. “As a country, we’ve long celebrated cars as symbols of freedom and identity. But for many people — especially millennials — this doesn’t ring true.”
Interesting ways to save money – When you’re constantly on the go, it’s easy to spend money on convenience. A cup of coffee on the way to work or grabbing a quick bite on the way home can add up fast. Try to cut a few work lunches from your food budget or skip that concert you think you really need to go to. Being frugal is the easiest way to save.
4 ways to quickly raise your credit score – Don’t miss a payment. This is the number one thing that credit bureaus look at when determining your credit score. Your payment history makes up 35% of your FICO score. If you have trouble remembering to pay your credit card on time, set a reminder on your phone or auto schedule your payment.
Yahoo Confirms Data Breach Affecting At Least 500 Million Users – Yahoo said the personal information of at least 500 million users was stolen in an attack on its accounts in 2014, exposing a wide swath of its roughly 1 billion users ahead of Verizon’s planned acquisition of the web portal’s assets.
Three-weekend money traps you need to avoid – After a hectic workweek, it’s natural to want to decompress over the weekend. Watch out though, because these two days can be the most expensive of the entire week. Here are three common weekend money traps, and how to avoid them. Dinner at a popular eatery on a Friday night always sounds enticing after a long week. But before you make those reservations consider how much you’ll save by cooking at home. You can still enjoy a great meal, and some quality time with friends and family without the expensive bill.