BIGcast

Glen interviews John about the newly released CU Crypto Report, and insights on members’ crypto engagement that can be gleaned from analyzing data across a dozen credit unions.     Links related to this episode:   The CU Crypto Report- Download a copy, add your CU’s data to the mix, and/or find out more about John’s new book: https://www.cucrypto.report/  Glen’s Credit Union Magazine article on the early crypto movers among credit unions: https://news.cuna.org/articles/121324-connecting-via-crypto  Last summer’s interview with CEO Becky Reed about Lone Star Credit Union’s unique self-custody crypto launch: https://www.big-fintech.com/Media/BIGcast/ArticleID/829/A-Lone-Star-Lighting-the-Crypto-Path    Check out the next CU Town Hall Wednesday February 1- Join us for our live and lively hour-long interactive discussion of the top issues facing credit unions. Held alternate Wednesdays at 3pm ET/Noon PT. Request an invitation here: https://www.cutownhall.com/ 

Follow the Best Innovation Group on Twitter: @bigfintech

Follow Glen on Twitter @154Advisors

Follow John on Twitter @jbfintech

John and Glen interview computer security expert Roger Grimes about reports of an imminent Quantum Break that could render all cryptography and existing password protections obsolete, and how the intrigue has echoes of the 1960s Space Race.    Links related to this episode:   Roger Grimes’ recent post on the Quantum Break: https://community.spiceworks.com/topic/2472644-has-the-quantum-break-just-happened?from_forum=193  A somewhat different perspective from the Guardian: https://amp.theguardian.com/commentisfree/2023/jan/14/computers-need-to-make-a-quantum-leap-before-they-can-crack-encrypted-messages  Roger’s book on the Cryptography Apocalypse: https://www.amazon.com/Cryptography-Apocalypse-Preparing-Quantum-Computing/dp/1119618193#customerReviews  Roger’s company KnowBe4: https://www.knowbe4.com/    Check out the CU Town Hall Wednesday January 25th - Join us for our live and lively hour-long interactive discussion of the top issues facing credit unions. Held alternate Wednesdays at 3pm ET/Noon PT. Request an invitation here: https://www.cutownhall.com/ 

Follow the Best Innovation Group on Twitter: @bigfintech Follow Glen on Twitter @154Advisors Follow John on Twitter @jbfintech

Glen speaks with PSCU’s crypto strategist Lou Grilli about what the FTX debacle means for credit unions, and likely paths forward. Also- ChatGPT blows minds (and creates a Crypto poem!) and Washington weighs in on digital assets.   Links related to this episode:   A replay of our January 11 CU Town Hall on ChatGPT: https://www.cutownhall.com/  Lou Grilli’s CUInsight piece on the impact of FTX’s collapse on credit unions: https://www.cuinsight.com/thoughts-on-the-ftx-collapse/  Registration link for Lou’s January 25 CU Times webcast on CU crypto strategies: https://www.cutimes.com/2022/12/21/how-the-collapse-of-ftx-impacts-credit-union-crypto-strategies/   Lou also recommends this Finopotamus article: https://www.finopotamus.com/post/credit-union-experts-comment-on-ftx-collapse-the-future-of-crypto-and-how-cu-s-can-benefit  January’s joint statement on crypto by the FDIC, OCC and Federal Reserve: https://www.fdic.gov/news/press-releases/2023/pr23002a.pdf  Politico’s article on plans for a Congressional crypto panel: https://www.politico.com/news/2023/01/12/mchenry-reveals-house-crypto-panel-names-subcommittee-chairs-00077667     Join our next CU Town Hall on Wednesday January 25- Our live and lively hour-long interactive discussion of the top issues facing credit unions is held alternate Wednesdays at 3pm ET/Noon PT. Request an invitation here: https://www.cutownhall.com/ 

Follow the Best Innovation Group on Twitter: @bigfintech Follow Glen on Twitter @154Advisors Follow John on Twitter @jbfintech   And finally….. ChatGPT’s Ode of Crypto Winter- courtesy of a prompt from our friend Derek Howard of William Mills Associates.    Crypto winter, a season of cold A time of loss, a time to behold The market shivers, the price grows old A chill in the air, a story yet untold   The investors huddle, their hopes grow thin As the value of their coins begin to dim But through the frost, a glimmer of hope A belief that the spring will eventually come, and the market will cope   So hold on tight, dear crypto believers For the winter may be long, but the spring will be sweeter The future is bright, the market will rise And our coins will thrive, and once again, surprise   So don't let the crypto winter get you down Hold on to your coins, don't let them drown For the spring will come, and the market will bloom And our crypto journey will resume.

In our annual Prognostication Episode John Best flags an imminent Quantum Break, Anne Legg confronts shrinkflation, John Janclaes ponders employee burnout and Glen Sarvady charts FedNow’s road ahead. Also discussions of tech layoffs, the battle for deposits, SMBs’ health, and an even wilder than usual set of Bitcoin price predictions.   Links related to this episode:   JPM Chase’s SMB Business Leaders Outlook: https://www.jpmorgan.com/commercial-banking/insights/us-business-leaders-outlook  McKinsey article on employee burnout: https://www.mckinsey.com/mhi/our-insights/addressing-employee-burnout-are-you-solving-the-right-problem   Thrive Strategic Services: https://www.anneleggthrive.com/  The CEO Corner: http://theceocorner.com/  Nymbus: https://nymbus.com/  Roger’s recent post on the Quantum Break: https://community.spiceworks.com/topic/2472644-has-the-quantum-break-just-happened?from_forum=193  Roger Grimes’ book on the Cryptography Apocalypse: https://www.amazon.com/Cryptography-Apocalypse-Preparing-Quantum-Computing/dp/1119618193#customerReviews  Our prior “Thankful” episode with Anne Legg and John Janclaes: https://www.big-fintech.com/Media/BIGcast/ArticleID/847/A-Fintech-Thanksgiving  Iggy Pop “I’m Bored”: https://www.youtube.com/watch?v=7NuaK29J1fM  Ramones: “I Wanna Be Sedated”: https://www.youtube.com/watch?v=bm51ihfi1p4    The CU Town Hall returns Wednesday January 11- Join us for our live and lively hour-long interactive discussion of the top issues facing credit unions. Held alternate Wednesdays at 3pm ET/Noon PT. Request an invitation here: https://www.cutownhall.com/ 

John and Glen recap and update the biggest stories that impacted the credit union world and beyond during 2022: The Ethereum merge, inflation and the end of “free money,” a slowdown in VC cash, the FTX implosion, the intersection of the Ukraine, guns and payments, and more.     Links related to this episode:   Our recent episode covering FTX’s collapse: https://www.big-fintech.com/Media/BIGcast/ArticleID/848/At-a-Crypto-Crossroads  More on the Ethereum merge: https://ethereum.org/en/upgrades/merge/    The CU Town Hall returns Wednesday January 11- Join us for our live and lively hour-long interactive discussion of the top issues facing credit unions. Held alternate Wednesdays at 3pm ET/Noon PT. Request an invitation here: https://www.cutownhall.com/ 

Follow the Best Innovation Group on Twitter: @bigfintech Follow Glen on Twitter @154Advisors Follow John on Twitter @jbfintech

Glen speaks with leaders of the student-led federal credit unions at both Georgetown and the University of Pennsylvania about this unique corner of the CU world. Also- keeping HOPE alive, and outrunning regulation with industry fraud rules.  

Links related to this episode:

ttps://www.upennsfcu.org/

University of Pennsylvania Students Federal Credit Union: https://www.upennsfcu.org/

Georgetown University Alumni and Student Federal Credit Union: https://www.guasfcu.com/

Penn Today’s recent story on its student credit union’s 35th anniversary: https://penntoday.upenn.edu/news/nations-only-ivy-league-student-run-credit-union-turns-35-monthhttps://www.paymentsjournal.com/banks-take-a-proactive-stand-to-resolve-zelle-issues-before-regulators-make-their-mark/

Payments Journal’s coverage of big banks’ move to stave off Zelle regulation: https://www.paymentsjournal.com/banks-take-a-proactive-stand-to-resolve-zelle-issues-before-regulators-make-their-mark/

SPECIAL- Save an extra 5% on BIG’s already low rates for its ACE (API Connection Experts) services. Details here: https://www.big-fintech.com/Products-Services/API-Connection-Experts

Follow the Best Innovation Group on Twitter: @bigfintech

Follow Glen on Twitter @154Advisors

Follow John on Twitter @jbfintech

John and Glen attempt to decipher the recent chaos in the crypto world. Along the way they confront their own horrid Bitcoin and Ethereum price projections from January, debate the economics of recorded music, and John touts a mysterious and incendiary new form of fuel.  

Links related to this episode:

Last January’s 2022 Predictions episode, including more discussion of John and Glen’s fatally flawed Bitcoin and Ethereum predictions: https://www.big-fintech.com/Media/BIGcast/ArticleID/797/Have-in-Store  

Lou Grilli, Senior Innovation Strategist at PSCU and a Friend of the Pod, posted the following thoughts on FTX’s collapse: https://www.cuinsight.com/thoughts-on-the-ftx-collapse/  

For anyone smitten with the cryptocurrency sweater gracing this week’s graphic: https://www.notjustclothing.co.uk/products/merry-cryptmas-cryptocurrency-knitted-christmas-jumper

Blowupolene: (sorry, URL unavailable)

SPECIAL- Save an extra 5% on BIG’s already low rates for its ACE (API Connection Experts) services. Details here: https://www.big-fintech.com/Products-Services/API-Connection-Experts

Follow the Best Innovation Group on Twitter: @bigfintech

Follow Glen on Twitter @154Advisors

Follow John on Twitter @jbfintech

Continuing our annual BIGCast tradition, John and Glen welcome back Anne Legg and John Janclaes for a festive holiday discussion of fintech developments they’ve been grateful for over the past year.  

Links related to this episode:

Anne Legg’s website, including access to her book “Big Data, Big Climb”: https://www.anneleggthrive.com/

Reach John Janclaes through either his firm Nymbus or his own The CEO Corner website: http://theceocorner.com/ https://nymbus.com/

Glen’s rather prescient Money 20/20 interview with crypto skeptic Oonagh McDonald: https://www.big-fintech.com/Media/BIGcast/ArticleID/845/Screen-Time-Stablecoins-and-Other-Perils  

Glen’s recap of the recent VentureTech conference for CU Today: https://www.cutoday.info/site/THE-tude/The-Highlights-From-Fast-Growing-VentureTech-Event

SPECIAL- Save an extra 5% on BIG’s already low rates for its ACE (API Connection Experts) services. Details here: https://www.big-fintech.com/Products-Services/API-Connection-Experts

Follow the Best Innovation Group on Twitter: @bigfintech

Follow Glen on Twitter @154Advisors

Follow John on Twitter @jbfintech

Glen speaks with the founders of four of the up and coming fintechs- Credit Mountain, Datava, MessagePay and Nickels- that caught his eye at last week’s VentureTech conference.

Links related to this episode:

Datava: https://datava.com/   

Nickels: https://asknickels.com/

MessagePay: https://www.messagepay.com/

Credit Mountain: https://creditmountain.co/

Launch Party winner Arcanum Technology: https://www.arcanumtechnology.net/

Our interview with Zirtue’s Dennis Cail from Money 20/20: https://www.big-fintech.com/Media/BIGcast/ArticleID/844/Americas-Got-Access-Vegas-Has-Crowds

Glen's VentureTech recap for CU Today: https://www.cutoday.info/THE-tude/The-Highlights-From-Fast-Growing-VentureTech-Event

VentureTech: https://myventuretech.com/

SPECIAL- Save an extra 5% on BIG’s already low rates for its ACE (API Connection Experts) services. Details here: https://www.big-fintech.com/Products-Services/API-Connection-Experts

Follow the Best Innovation Group on Twitter: @bigfintech

Follow Glen on Twitter @154Advisors

Follow John on Twitter @jbfintech

In Part 2 of our Money 20/20 recap, Glen speaks with Javelin’s Tracy Kitten about her new Child ID Fraud report, and in a BIGCast first we interview a former member of the UK Parliament about crypto regulation. Also for good measure, thoughts from a Fed Governor and the Head of New York’s Department of Financial Services.

Links related to this episode:

Javelin’s Child ID Fraud Study: https://javelinstrategy.com/2022-child-identity-fraud-report

Javelin’s free November 15 webinar discussing the study: https://attendee.gotowebinar.com/register/524171704549369101?source=CUNA

Oonagh McDonald’s recent book “Cryptocurrencies: Money, Trust and Regulation”: https://www.amazon.com/Cryptocurrencies-Money-Regulation-Oonagh-McDonald/dp/178821420X

The FDIC’s newly updated Unbanked/Underbanked study: https://www.fdic.gov/analysis/household-survey/index.html 

Part One of our Money 20/20 BIBCast coverage, including interviews with three startup founders: https://www.big-fintech.com/Media/BIGcast/ArticleID/844/Americas-Got-Access-Vegas-Has-Crowds

Glen’s BIG Blog on Money 20/20 highlights: https://www.big-fintech.com/Media/Blog/ArticleID/843/Musings-from-Money-20-20

Glen’s Money 20/20 coverage for CUNA.org: https://news.cuna.org/articles/121710-money-20-20-advancing-in-real-time-despite-headwinds

Follow the Best Innovation Group on Twitter: @bigfintech

Follow Glen on Twitter @154Advisors

Follow John on Twitter @jbfintech