BIGcast

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: https://www.big-fintech.com/Media?p=cu-town-hall-episode-117-gpt-4o-for-credit-unions Our February 2023 BIGCast episode that flagged ChatGPT/“Her” similarities:  https://www.big-fintech.com/Media?p=chatgpt-dont-you-just-love-it    Glen’s blog dissecting ScarJo, Tom Waits, intellectual property and human behavior: https://www.big-fintech.com/Media?p=artificial-intelligence-intellectual-property-and-missing-the-point-on-her OpenAI’s video of two GPT4o bots interacting: https://www.youtube.com/watch?v=MirzFk_DSiI&t=239s The high school principal ensnared by a deepfake: https://apnews.com/article/ai-maryland-principal-voice-recording-663d5bc0714a3af221392cc6f1af985e Our 2024 predictions episode (John’s Bitcoin outlook is at the 43:00 mark): https://www.big-fintech.com/Media?p=chatting-and-generating-2024s-fintech-predictions-hopefully-intelligently   The National Association of Convenience Stores spikes the ball on Illinois’ new interchange law https://www.convenience.org/Media/Daily/2024/May/30/1-Illinois-Eliminating-Swipe-Fees_GR  Payments Dive’s coverage of PayPal’s ad service: https://www.paymentsdive.com/news/paypal-advertising-platform-retail-media-ai-commerce/717221/    Check out BIG’s AI Development offerings, enabling credit unions to streamline operations, amplify member experiences and capture new opportunities in the digital financial landscape.  https://www.big-fintech.com/Products-Services/AI-Development    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/

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: https://ptapadvisory.com/  Thrive Strategic Services: https://www.anneleggthrive.com/  The full CU Town Hall with Anne Legg on AI readiness: https://www.big-fintech.com/Media?p=cu-town-hall-episode-116-ai-readiness-for-cus-with-anne-legg  Glen’s Nacha Payments recap for America’s Credit Unions: https://news.cuna.org/articles/123530-payments-looking-forward  The Underground Generative AI white paper: https://mitchellstankovicassoc.podia.com/generative-ai-credit-union-values  Politico’s coverage of the Supreme Court’s CFPB decision: https://www.politico.com/news/2024/05/16/supreme-court-upholds-cfpb-funding-saving-agency-00158348  Kevin Roose’s NY Times coverage of OpenAI’s GPT-4o public unveiling: https://www.nytimes.com/2024/05/14/technology/ai-chatgpt-her-movie.html    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/  (past meetings can be viewed there as well) Check out BIG’s AI Development offerings, enabling credit unions to streamline operations, amplify member experiences and capture new opportunities in the digital financial landscape.  https://www.big-fintech.com/Products-Services/AI-Development    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/

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: 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/

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: https://www.moneyhabitudes.com/  Goalsetter: https://goalsetter.co/  The Fed’s Survey on Household Economics and Decision Making: https://www.federalreserve.gov/publications/2023-economic-well-being-of-us-households-in-2022-banking-credit.htm  Callahan’s blog summarizing these findings: https://creditunions.com/highlights/where-are-the-gaps-in-financial-inclusion/  Best Innovation Group’s AI Development offerings: https://www.big-fintech.com/Products-Services/AI-Development    Register for our next CU Town Hall on Wednesday May 8 at 3pm ET/Noon PT when Anne Legg will join us to continue early April’s discussion of the foundation credit unions must establish to leverage Generative AI. As always, expect a live and lively interactive conversation tackling the key issues facing CUs. 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/

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: https://casaphq.com/  Thrive Strategic Services: https://www.anneleggthrive.com/  Replay of the full CU Town Hall featuring Anne Legg discussing credit unions’ preparedness for Generative AI: https://www.big-fintech.com/Media?p=cu-town-hall-episode-114  Next Big Idea runner-up Debbie’s partnership with MSUFCU: https://www.joindebbie.com/articles/debbie-launches-debt-payoff-rewards-with-msufcu  Story on Stripe’s decoupling of its payment services: https://fintechmagazine.com/articles/strategy-shift-stripe-de-couples-payments-from-tech-stack  The National Retail Federation’s formal objection to the Visa/Mastercard settlement: https://cdn.nrf.com/sites/default/files/2024-04/VisaMastercard-PreliminaryObjections.pdf  NACUSO: https://www.nacuso.org/    Register for our next CU Town Hall on Wednesday May 8 at 3pm ET/Noon PT when Anne Legg will join us to continue early April’s discussion of the foundation credit unions must establish to leverage Generative AI. As always, expect a live and lively interactive conversation tackling the key issues facing CUs. 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/

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: https://www.nacuso.org/  Pulsate: https://www.pulsatehq.com/ Peacefully: https://peacefully.com/  Coinbase’s new Bitcoin commercial: https://www.youtube.com/watch?v=Xdd64ifS_Ks  Our January interview with Ronaldo Hardy, even earlier in his NACOSO role: https://www.big-fintech.com/Media?p=nacusos-big-ideas-for-credit-unions-of-all-sizes    Register for our next CU Town Hall on Wednesday May 8 at 3pm ET/Noon PT when Anne Legg will join us to continue early April’s discussion of the foundation credit unions must establish to leverage Generative AI. As always, expect a live and lively interactive conversation tackling the key issues facing CUs. 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/

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: https://financialdataexchange.org/  Glen’s recent blog on Open Banking for America’s Credit Unions: https://news.cuna.org/articles/123490-open-banking-not-if-but-how  The CFPB’s page on Section 1033 (Personal Data Rights/Open Banking) rulemaking: https://www.consumerfinance.gov/personal-financial-data-rights/   The Synthetic Memories Project: https://www.syntheticmemories.net/  The Atlanta Fed’s Take on Payments blog re: cash acceptance at Death Valley National Park: https://www.atlantafed.org/blogs/take-on-payments/2024/04/01/national-parks-and-cost-of-cash-acceptance  America’s Credit Unions CEO Council: https://www.cunacouncils.org/ (John and Glen will be hosting a CEO Council virtual roundtable on Tuesday April 30)    Join us for our next CU Town Hall on Wednesday April 17 at 3pm ET/Noon PT for a live and lively interactive discussion of the key issues facing credit unions. (Did we mention there’ll be a cool tech giveaway to one FI attendee?) 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/

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: https://www.nytimes.com/2024/03/20/podcasts/the-daily/housing-market.html  NPR’s article on the proposed settlement: https://www.npr.org/2024/03/22/1239486107/realtor-fee-commission-homes-for-sale  CNN’s subsequent article on the settlement’s ramifications: https://www.cnn.com/2024/03/30/economy/nar-settlement-home-buyers-and-sellers/index.html  Glen’s blog on the Capital One/Discover merger: https://www.big-fintech.com/Media?p=the-capital-onediscover-deal-a-test-of-typical-battle-lines-and-a-credit-union-angle    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/

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: https://www.competiscan.com/  Glen’s blog dissecting the Visa/Mastercard settlement: https://www.big-fintech.com/Media?p=exploring-the-issuer-aspect-of-the-visamastercard-settlement Glen’s blog on the Capital One/Discover merger: https://www.big-fintech.com/Media?p=the-capital-onediscover-deal-a-test-of-typical-battle-lines-and-a-credit-union-angle  Story about squatters grabbing Capital One/Discover domains: https://domainnamewire.com/2024/03/29/capital-one-sues-to-get-discover-merger-domain-names/  Submission form to join Competiscan’s Consumer/Small Business Panels: https://www.sbkcenter.com/consumer.html     Join us for our next CU Town Hall on Wednesday April 3 at 3pm ET/Noon PT for a live and lively interactive discussion of the key issues facing credit unions. (Did we mention there’ll be a cool tech giveaway to one FI attendee?) 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/

John and Glen meet with Shastic Founder/CEO Joseariel Gomez Ortigoza about his firm’s mission to make AI less intimidating for credit unions. Also- sausage making and the Credit Card Competition Act.    Links related to this episode:   Shastic: https://shastic.com/  BIG’s Innovation Club: https://www.big-fintech.com/Innovation-Club/Technology Glen’s blog previewing the EU’s AI Act: https://www.big-fintech.com/Media?p=first-mover-advantage-the-eus-ai-act-sets-the-legislative-tone CU Today’s CCCA coverage the morning of the government shutdown deadline: https://www.cutoday.info/Fresh-Today/CU-Opposed-Credit-Card-Competition-Act-Added-as-Amendment-to-Must-Pass-Bill  ...and its brief follow-up afterward: https://www.cutoday.info/Fresh-Today/Two-Measures-Championed-by-CUs-Included-in-Spending-Package-Passed-by-Senate-Credit-Card-Competition-Act-Doesn-t-Make-Cut    Join us for our next CU Town Hall on Wednesday April 3 at 3pm ET/Noon PT for a live and lively interactive discussion of the key issues facing credit unions. (Did we mention there’ll be a cool tech giveaway to one FI attendee?) It’s free to attend, but advance registration is required:  https://www.cutownhall.com/     We’ve joined BlueSky social! Find us at @bigfintech, @jbfintech and @154Advisors  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/