When you're walking on the same cobblestones that Adam Smith once trod, you have to be careful about calling something an "insight." But among the mortals last week I gained three insights from three smart people at Oxford.
Design thinking is seeping into the financial services industry with banks and credit unions using it to address consumer needs around savings, credit, payments, and more. Filene Research Institute will host a one-day colloquium on March 26 at Brazos Hall in Austin, Texas to help financial leaders inject design thinking into their own organizations.
The February 16, 2014 New York Times article, “How Credit-Card Debt Can Help the Poor”, by Shaila Dewan talked about a small dollar loan that helped the borrower build savings and increase his credit score because the loan funded a “locked down” savings account.
Our friends over at St. Mary's University in Nova Scotia, Canada are busy building their co-op management program. Because the program is geared towards helping credit union and cooperative professionals develop management skills, we thought we’d give our Filene community a little heads up.
Day 2 at Finovate Europe, with lots of attention on mobile, personal financial management, and fancy wealth management apps. I'm cutting most of that out to show the three I think were most noteworthy for credit unions.
Finovate is composed of 100% interesting ideas, half of which don't apply to credit unions, and a quarter of which do but aren't really good. That last quarter is where the magic resides. Today I saw three concepts credit unions could use for a genuine improvement on behalf of members. These three may or may not win Finovate's coveted best in show award, but they're the ones worth your consideration.
We're celebrating the big 2-5 here at Filene Research Institute this year. This organization is the realization of an idea held by many credit union people for a long time. And, it's only fitting that we kick off our silver anniversary at our annual Chairman’s Breakfast at the Credit Union National Association’s 2014 Governmental Affairs Conference.
Filene's excited that The Trust Card, a debt management program pioneered by Neighborhood Trust Federal Credit Union (NTFCU) and Neighborhood Trust Financial Partners, will enter our accessible financial services incubator as the fifth and final product.
Filene Research Institute and the Iowa Credit Union League are excited to launch the second year of the Iowa Innovation Group. Applications are being accepted through February 5 at IowaInnovationGroup.com. This group creates a steady flow of financial services innovations to help Iowa credit unions and their members. Using the proven...
As always, Filene has a plethora of research in the pipeline. Here are the titles and authors of reports that will published in the coming months, along with brief summaries of each one. With topics ranging from innovation in financial services to serving immigrant niche markets, there are sure to be plenty to suit your strategies.