Hitting Fifty, Still Gaining Speed
Release Date: 05/14/2024
Mission, Meaning, Member Value
The BIGCast: Sharing the credit union industry's current breakthroughs in innovation and discussing the latest hot topics
Glen speaks with TeamOnUP CEO Mike Kelly about “getting dreams done on purpose” and the beauty of small credit unions. Also, more on the Illinois interchange fiasco, the CFPB’s latest populist outburst, and Glen welcomes Google to the world of incumbents. Links related to this episode: TeamOnUP: Mike Kelly’s book “Meaning is the Mission” (print, Kindle, audio): Payments Dive’s coverage of the Illinois Interchange bill: The CFPB’s newly announced process for recognizing open banking standards (rigging be damned): Our April interview...
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The Familiar Sounds of Future AI
The BIGCast: Sharing the credit union industry's current breakthroughs in innovation and discussing the latest hot topics
John and Glen tackle several of the hottest topics impacting fintech today including audio (and video) at the heart of ChatGPT’s new features, the sustained strength in Bitcoin and Ethereum values, and a landmark Illinois law’s potential disruption of interchange. Links related to this episode: Our recent CU Town Hall in which John walks through ChatGPT-4o’s prospects for credit unions: Our February 2023 BIGCast episode that flagged ChatGPT/“Her” similarities: Glen’s blog dissecting ScarJo, Tom Waits, intellectual property and human behavior: ...
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Opening Up, for Better or Worse…
The BIGCast: Sharing the credit union industry's current breakthroughs in innovation and discussing the latest hot topics
Glen speaks with Peter Tapling of PTap Advisory about the mixed signals swirling around US open banking, and Anne Legg assesses credit unions’ readiness for AI. Also- ScarJo haunts OpenAI, and playing SCOTUS Bingo at the CFPB! Links related to this episode: PTap Advisory: Thrive Strategic Services: The full CU Town Hall with Anne Legg on AI readiness: Glen’s Nacha Payments recap for America’s Credit Unions: The Underground Generative AI white paper: Politico’s coverage of the Supreme Court’s CFPB decision: Kevin Roose’s NY Times...
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Hitting Fifty, Still Gaining Speed
The BIGCast: Sharing the credit union industry's current breakthroughs in innovation and discussing the latest hot topics
Glen chats with Nacha CEO Jane Larimer onsite at the recent Smarter, Faster Payments Conference- which managed to remain forward-looking while celebrating the 50th anniversary of the ACH network. ValidiFI’s Shawn Princell makes a case for the groundswell in Pay By Bank interest, and a resigned disdain for checks seems to permeate the humid Miami Beach air. Links related to this episode: Nacha: ValidiFI: Shawn Princell’s recent article on Pay By Bank adoption: Nacha’s new rules addressing credit push fraud: The Atlanta Fed’s blog on...
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Combating the Negative Net Worth Mindset
The BIGCast: Sharing the credit union industry's current breakthroughs in innovation and discussing the latest hot topics
Glen speaks with Money Habitudes CEO Cara Macksoud about shifting money mindsets, the downside of the Great Wealth Transfer’s “lottery wins,” and how to start a constructive conversation on financial wellness. Also- nuggets from Block and PayPal earnings calls, and robust new Fed consumer data on economic decisionmaking. Links related to this episode: Money Habitudes: Goalsetter: The Fed’s Survey on Household Economics and Decision Making: Callahan’s blog summarizing these findings: Best Innovation Group’s AI Development offerings: Register...
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Preparing for the 3 M’s of AI, and Other Big Ideas
The BIGCast: Sharing the credit union industry's current breakthroughs in innovation and discussing the latest hot topics
Glen shares interviews with Saisi Peter, Co-Founder of Casap, the 2024 winner of NACUSO’s Next Big Idea competition, and Anne Legg of Thrive Strategic Services outlines the steps credit unions must take to prepare for Generative AI. Also- Stripe unbundles and the NRF gets cranky (is that news?) Links related to this episode: Next Big Idea winner Casap: Thrive Strategic Services: Replay of the full CU Town Hall featuring Anne Legg discussing credit unions’ preparedness for Generative AI: Next Big Idea runner-up Debbie’s partnership with MSUFCU: ...
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Preaching the CUSO Gospel
The BIGCast: Sharing the credit union industry's current breakthroughs in innovation and discussing the latest hot topics
Just back from an action-packed NACUSO Network Conference, Glen shares interviews with NACUSO CEO Ronaldo Hardy, Peacefully Founder/CEO Jennifer Good and Sarah Martin, Founder/CEO of “New CUSO of the Year” Pulsate. Also, Bitcoin’s halving leads Coinbase to double down. Links related to this episode: NACUSO: Pulsate: Peacefully: Coinbase’s new Bitcoin commercial: Our January interview with Ronaldo Hardy, even earlier in his NACOSO role: Register for our next CU Town Hall on Wednesday May 8 at 3pm ET/Noon PT when Anne Legg will join...
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A Bluetooth for Open Banking?
The BIGCast: Sharing the credit union industry's current breakthroughs in innovation and discussing the latest hot topics
Glen speaks with Financial Data Exchange Managing Director Don Cardinal about efforts to establish an industry standard to enable open banking and bid farewell to screen scraping. Also- an artistic approach to deepfakes, and cash meets its demise at Death Valley. Links related to this episode: Financial Data Exchange: Glen’s recent blog on Open Banking for America’s Credit Unions: The CFPB’s page on Section 1033 (Personal Data Rights/Open Banking) rulemaking: The Synthetic Memories Project: The Atlanta Fed’s Take on Payments blog re: cash...
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Will Lower Broker Fees Upend the CU Mortgage Model?
The BIGCast: Sharing the credit union industry's current breakthroughs in innovation and discussing the latest hot topics
John and Glen discuss the proposed National Association of Realtors settlement that many believe will dramatically alter the process of buying/selling US homes. The mortgage process could be disrupted too… for better or worse? Links related to this episode: The New York Times’ Daily podcast on the realtor fee lawsuit: NPR’s article on the proposed settlement: CNN’s subsequent article on the settlement’s ramifications: Glen’s blog on the Capital One/Discover merger: Find us on X and BlueSky at @bigfintech, @jbfintech and...
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Mining Direct Mail for Competitive Intel
The BIGCast: Sharing the credit union industry's current breakthroughs in innovation and discussing the latest hot topics
Glen speaks with Competiscan Founder/CEO Richard Goldman about the insights promotional mail can generate about events like the proposed Capital One/Discover merger. Also- more headaches at Discover, and looking into the less reported corners of the Visa/ Mastercard settlement. Links related to this episode: Competiscan: Glen’s blog dissecting the Visa/Mastercard settlement: Glen’s blog on the Capital One/Discover merger: Story about squatters grabbing Capital One/Discover domains: Submission form to join Competiscan’s Consumer/Small Business Panels: ...
info_outlineGlen chats with Nacha CEO Jane Larimer onsite at the recent Smarter, Faster Payments Conference- which managed to remain forward-looking while celebrating the 50th anniversary of the ACH network. ValidiFI’s Shawn Princell makes a case for the groundswell in Pay By Bank interest, and a resigned disdain for checks seems to permeate the humid Miami Beach air.
Links related to this episode:
Nacha: https://www.nacha.org/
ValidiFI: https://validifi.com/?utm_source=bigfintech&utm_medium=podcast#offer
Shawn Princell’s recent article on Pay By Bank adoption: https://www.linkedin.com/pulse/pay-bank-roadmap-adoption-shawn-princell-ohbhf/
Nacha’s new rules addressing credit push fraud: https://www.nacha.org/news/new-nacha-rules-take-aim-credit-push-fraud
The Atlanta Fed’s blog on these new Nacha rules: https://www.atlantafed.org/blogs/take-on-payments/2024/04/29/nacha-rule-changes-to-fight-authorized-payment-scams
Register for our next CU Town Hall on Wednesday May 22 at 3pm ET/Noon for a live and lively interactive conversation tackling the major issues facing CUs today. It’s free to attend, but advance registration is required: https://www.cutownhall.com/
Find us on X and BlueSky at @bigfintech, @jbfintech and @154Advisors (same handles for both)
You can also follow us on LinkedIn:
https://www.linkedin.com/company/best-innovation-group/
https://www.linkedin.com/in/jbfintech/
https://www.linkedin.com/in/glensarvady/