It’s happening now. The financial world is finally transforming, leaving behind the era of the electronic dollar. The age of 'streaming money' has arrived. Neo banks and crypto networks have been streaming money as [...]
When people think about digital assets, distributed ledgers, crypto, or the new world of tokenized payments, top of mind are “the fraudsters, the start-ups, the fly-by-night FTX-type situations.” Yet, “those examples have solidified why St. [...]
Working with a group of credit union leaders last week, hacking our way through the weeds of the exciting world of core selection, core conversion, and vendor consolidation, one of the senior executives asked a [...]
Here we are, nearly halfway through the year, and more than a few notable events have transpired. For starters, the second largest bank failure in history happened, not once, but twice, which seems a bit [...]
When it comes to a core conversion, as with any complex change management event, your FI faces numerous challenges. Our many credit union partners have successfully navigated the complex conversion process without any significant loss [...]
During the Great Recession of 2008, a few thousand people dared to “Occupy Wallstreet,” protesting the abuses of power and the devastating costs of greed which so often follow in the wake of banking 'booms.[...]
“The USD is losing its market share as a reserve currency at a much faster rate than is commonly believed. After declines in its global market share for the past two decades, in 2022 the [...]
“If you defer investing your time and energy until you see that you need to, chances are it will already be too late.”[1] As member-owned institutions, credit unions operate to strengthen communities and protect [...]
As the competitive landscape shifts from traditional electronic transactions to modern digital engagement, and money merges with the internet becoming a streaming phenomenon just as music, movies, and mail have in our lifetime, the time [...]
How are you using your premiere core to drive your business strategy? If your core processor- the foundation of your business- makes it challenging to assemble and support digital engagement of community and commerce, how [...]
This is a bit of a long piece. That’s to be expected, as it’s intended to be a ‘think piece’ which covers big ideas likely to inform significant trends for all of 2023 ([...]
Blockchain technology is going to rewire all financial services.” [1] “The blockchain is the financial challenge of our time. It is going to change the way that our financial world operates.”[2] Innovative, differentiated financial [...]
If you’re a sports fan, you may know that Major League Baseball’s trade deadline just passed. Each season as the deadline approaches, teams look at their current roster and map their best shot [...]
While attention is diverted by the cost of cash at the Fed window, a truly existential threat remains closer to home. Peril is lurking at every institution’s door in the comfortable cloak of ‘pressing [...]
In a word: No! Alternative: ((Don’t hold your breath!)) or.. ((Not damn likely!) It’s no secret, our industry is being forced to innovate in a financial climate very different than that of the [...]
