CUInsight Minute with Lauren Culp – March 24, 2023
Our favorites from the week in sixty seconds.
Welcome to the CUInsight Minute, sixty seconds from our Publisher & CEO Lauren Culp with our favorite reads from the week.
Mentioned:
Cryptocurrency: The modern wild west
by B. DAN BERGER, NAFCU
“Tombstone” is an iconic Western movie. The cinematography is excellent, and Val Kilmer’s Oscar-nominated performance made the film a hit – but the story told by the movie is rooted in truth. While the Wild West was full of promises of riches and new opportunities, it was not exactly a safe place to be. The same is true of cryptocurrency. Without regulation and safeguards, cryptocurrency has become a nest for exploitation and has evaporated billions of consumers’ hard-earned dollars. (read more)
Rise of the machines: The role of AI in the future of banking
by BRIAN KEEFE, NICE ACTIMIZE
If you’ve been keeping up with the news lately, you’ve probably noticed that AI is everywhere. From the concept of self-driving cars to newcomers like voice generation, deepfake videos, and OpenAI (Midjourney and ChatGPT), AI is changing the way we live and work. But it’s not all sunshine and rainbows – there are also concerns about the ethical implications of AI, particularly when it comes to fraud. (read more)
Small-dollar loans irrelevant to today’s wealthy? Think again
by SETH BRICKMAN, QCASH FINANCIAL CUSO
There’s no doubt about it – money can get complicated. It’s emotional, compromising, and slippery, especially when one doesn’t understand how to use it to work for them. That’s an issue of financial literacy – possessing the knowledge of understanding money and finance. You gain financial literacy by engaging in financial education; counseling through your local credit union, school classes, personal research, or other forms of reputable learning. The reality is that financial literacy only goes so far when one doesn’t apply that knowledge in order to achieve financial health. (read more)
