Sun.Sep 08, 2019

Money without government? Emperor’s without Clothes?

Chris Skinner

I finally hit the nail on the head about why you can’t have money without government.

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Monster: Job Seekers’ Resumes Were Exposed Online

PYMNTS

Monster.com was the victim of a data breach caused by an exposed web server, but failed to inform users about the incident.

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Things worth reading: 9th September 2019

Chris Skinner

Jack Dorsey Says No To Square’s Version Of Crypto

PYMNTS

There are no plans for Twitter to create its own digital currency similar to Facebook ’s Libra. Founder Jack Dorsey said in an interview he has no interest in developing a cryptocurrency for either Twitter or Square , according to The Sydney Morning Herald.

DeFi will eat traditional finance and dramatically expand the global lending market

Daily Fintech

In Assyria and Sumeria, merchants made grain loans to farmers and traders that carried goods between cities. In ancient Greece and during the Roman Empire lenders that were based in temples made loans.

US Congress Discovers Alleged Flaws In Deutsche Bank Controls

PYMNTS

congressional investigators have found possible failures in Deutsche Bank AG’s money laundering controls.

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Challenger banks apply pressure with fee cuts

BankThink

Charging customers $40 for a $10 overdraft “makes no mathematical sense,” Chime CEO Chris Britt says in a critique of traditional banks. Digital banking Fee income Consumer banking Fintech Elizabeth Warren CHIME Varo Money

More Trending

Robots should take over wholesale payments

Payments Source

Enterprise payments remain a complex litany of disparate processes burdened by fraud, labor and errors, says Troovo's Kurt Knackstedt. ISO and agent B-to-B payments Digital payments Payment processing Payment fraud

Getaround Car Sharing Platform Raises $200M At $1.7B Valuation

PYMNTS

Car sharing marketplace Getaround is looking to raise up to $201.5 million in Series D extension funding, which would boost the company’s valuation at up to $1.7 billion. According to PitchBook , the final terms and details of the financing have not been announced and are subject to change.

Investors push installment payments into more mature markets

Payments Source

Fintechs providing installment loans are attracting significant funding from investors who see opportunities in developed economies for consumer financing products, which are already well established in emerging markets. Venture funding Point-of-sale Brazil Australia Americas

WeWork IPO Status Uncertain As Valuation Could Dip Below $20B

PYMNTS

WeWork is moving ahead to roll out an investors’ roadshow as it looks for an initial public offering (IPO) as early as next week, sources told Reuters on Friday (Sept. The company’s IPO was deemed controversial after U.S.

Powerful New Signals for Financial Marketers From Millennial Segment

The Financial Brand

Challenge and opportunity define this huge generation. Financial institutions that take the right approach (and walk the talk) stand to win. The post Powerful New Signals for Financial Marketers From Millennial Segment appeared first on The Financial Brand. Featured Content Marketing Strategy

Credit union employee dies in murder-suicide shooting

CU Insight

A woman was fatally shot in a North Carolina credit union parking lot by her husband, who then shot himself and died at a hospital Friday morning, Greensboro, N.C., police said.

Now is the Time for Financial Institutions to Prepare for a Gen Z Workforce

The Financial Brand

An important part of digital banking transformation is finding ways to hire, train and retain tech savvy Gen Z workers. The post Now is the Time for Financial Institutions to Prepare for a Gen Z Workforce appeared first on The Financial Brand.

PODCAST: A diversity champion

CU Insight

The African-American Credit Union Coalition (AACUC) wants to be considered a preferred diversity, equity, and inclusion partner for the credit union system, says Adrian Johnson, chief financial officer at $1.2 billion asset MECU Credit Union in Baltimore and AACUC chairman.

Which Digital Ads Bug Banking Consumers Most & Why They Hate Them

The Financial Brand

Video marketing messages, animated banners and ads that follow you around a site can annoy the heck out of bank and credit union prospects. The post Which Digital Ads Bug Banking Consumers Most & Why They Hate Them appeared first on The Financial Brand. Digital Marketing

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Diversity Insight: Multiplicity of traits and backgrounds is a business tool

CU Insight

As credit union executives and directors, you are tasked with creating shareholder value. This is your singular mission. In order to perform upon this guiding mandate, you should pursue actions that benefit members.

Caucus lineup continues to grow ahead of kick off

CU Insight

NAFCU’s Congressional Caucus is just days away – hundreds of credit union professionals are set to gather in Washington, D.C., Sunday – and the association continues to add notable lawmakers to the schedule, including House Small Business Committee Chairwoman Nydia Velázquez, D-N.Y.,

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World Council initiates Project Storm Break in The Bahamas

CU Insight

The devastation wrought by Hurricane Dorian has prompted the Worldwide Foundation for Credit Unions to initiate its first Project Storm Break response in The Bahamas—the same country where the disaster relief fund was officially launched just over one month ago.