Sun.Nov 04, 2018

Amazon Slams Crystal City For HQ2 Leak

PYMNTS

Amazon has reportedly held advanced discussions about opening its second headquarters in Crystal City, Virginia — and the eCommerce giant isn’t happy about that news leaking to the press.

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Becoming a Digital Bank: the how and why

Chris Skinner

I recently had a chat with Monica Murthy of Empire Startups. Here’s the low-down.

Newly Public Tech Companies Sell More Shares At Unprecedented Rate

PYMNTS

Tech companies that have recently gone public are wading back into the market to sell more shares at a rate that the Wall Street Journal reported is at a “nearly unprecedented clip.”. According to the Wall Street Journal, around 44 percent of the follow-on stock offerings from U.S.

The Finanser’s Week: 29th October – 4th November

Chris Skinner

The main blog headlines are … Clash of clans … or new bank versus old bank (Fidor, BPCE) I was talking with some friends at the most innovative bank in Europe. A bank that has stopped getting on my radar for the past few years.

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5G Comes To Apple Phones By 2020

PYMNTS

A report says that 5G technology will be arriving for Apple iPhones sometime in 2020. According to Fast Company , a source revealed that Apple’s 5G iPhone will launch in 2020, with the company planning to use Intel’s 8161 5G modem chip in its smartphones.

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Things worth reading: 5th November 2018

Chris Skinner

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Bitcoin Daily: SEC ICO Enforcement Is On The Rise, Israeli Startups Raise $600M Through ICOs

PYMNTS

The U.S. Securities and Exchange Commission ( SEC ) revealed in its annual report that it brought enforcement actions upon more than a dozen digital assets and initial coin offerings (ICOs) in the fiscal year that ended September 30. “In

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New financial education resources to help teachers bring youth financial capability into the classroom

CFPB

The new “Teaching the Building Blocks" provides teachers with activities and resources that help integrate the Building Blocks of Youth Financial Education into their curriculum. Info for consumers Data, research, and reports Youth Financial education Financial well-being

Signicat Interview: Aron Kozak talks on federated identity and level of assurance

The Paypers

(The Paypers) Aron Kozak, Signicat : When it comes to federated identities, we believe that blockchain specifically is not well suited

US retail banking: Gap growing between giants and community players

Bobs Guide

The gap between the product and service offerings of the US’s biggest retail banks and its smaller community players is set to become much more pronounced, says Tyrone Canaday, managing director and global head of innovation at Protiviti – the New York based consultancy

Payments’ future has room for both cash and open banking

Payments Source

Cash is unlikely to go anywhere, while application programming interfaces promise a wealth of new innovation, according to Devon Watson, CMO of Diebold Nixdorf. ISO and agent Cash Mobile payments GDPR APIs

Hudson Valley FCU to Pay $95,000 for Illegally Repossessing Servicemembers' Vehicles

Keith Leggett's Credit Union Watch

Hudson Valley Federal Credit Union (Poughkeepsie, NY) has agreed to pay $95,000 to resolve allegations that it violated the Servicemembers Civil Relief Act (SCRA) by repossessing vehicles owned by seven SCRA-protected service members without first obtaining the required court orders. An investigation found that prior to August 2014, Hudson Valley FCU did not have any written policies or procedures that addressed the SCRA’s protections against non-judicial auto repossessions.

Synthetic fraud undermines traditional ID theft security

Payments Source

Synthetic fraud brings the pain from many angles — a fluid mix of fake credentials and phony accounts that can overwhelm traditional identity theft tools. Identity theft Cyber security Credit cards

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8 midterm contests to watch for financial institutions

BankThink

The battle gaining the most attention Tuesday night will be which party controls the House next year. But other key races will help determine the makeup of the Senate Banking Committee. Election 2018 Regulatory relief Maxine Waters Senate Banking Committee House Financial Services Committee

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El glosario de términos financieros comunes en español

CFPB

Utilice nuestro glosario de términos financieros en español para ayudar a las personas con limitada proficiencia en inglés (LEP, por sus siglas en inglés) a que puedan entender la información financiera. At the CFPB Financial education CFPB en español

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Three Revenue Models Support Financial Security For Consumers

The Financial Brand

There are 3 types of sustainable revenue models that can support financial wellness, build trust and create value for consumers and banking organizations. The post Three Revenue Models Support Financial Security For Consumers appeared first on The Financial Brand.

Ravel: Make music with members

CU Insight

The 2018 CUNA Lending Council Conference ended on a high note with a “keynote concert” by Grammy-nominated musician Freddie Ravel Wednesday in Anaheim, Calif., Music has the power to move people from desperation to inspiration, he says. In fact, “the structure of music is the structure of success.”. Music and business share several attributes, he says, including: Melody , or the leadership role. Harmony , the act of collaboration to support the melody.

Is This Community Bank’s Bold Digital Play The Model Of The Future?

The Financial Brand

Here's how a community bank in Kansas City is partnering with fintechs, simplifying its products and processes, and expanding nationally. The post Is This Community Bank’s Bold Digital Play The Model Of The Future? appeared first on The Financial Brand. Digital Banking Strategies

Credit unions question NCUA budget boost

CU Insight

Since the number of credit unions is decreasing, the NCUA’s budget should be decreasing too, some credit unions are arguing. After all, if the agency has fewer credit unions to supervise, it should cost the agency less to do its job, right? Not so fast, NCUA officials said. The number of credit unions may be decreasing, but those that are left generally tend to be larger and offer more services.