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Filene: The Blog

Filene @finovatespring 2017 - Day Two

Day two at Finovate Spring 2017 was packed with an additional 24 organizations who got a chance to demonstrate their solutions. Most of the themes from day one continued. Ease of use was king including biometric authentication to simplify the process, big data integration, investment solutions, and more big data and machine learning applications.  

The evening of Day One, we had the opportunity to host a CU Dine Around. Credit union folks had a chance to interact with each other in a relaxed environment, away from the vendor hall, and have a meaningful conversation of what they had observed during the sessions and build camaraderie by meeting a new friend of two.

To read more on what we thought the highlights of day two were, ckick here.

Awkward Family Finances

Awkward Family Finances

Sometimes families are just plain awkward. This awkwardness can take the form of family portraits, the “birds and bees” talk or a surprisingly common family activity: borrowing and/or lending money to each other.

What if your credit union could take the awkwardness out of one of these, and meet people's needs in a simple, cost effective and affordable manner? That’s exactly what we are trying to do with "Bank On Family."

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Filene @finovatespring - Day One

The first day at Finovate Spring in San Jose, CA is in the books! 36 promising start-ups had seven minutes each to demonstrate their solutions live in front of more than 1,500 attendees.  Often times at there is a theme or commonality that emerges throughout the day.  Not this year as pitches were across the board with startups pitching solutions for data security, to identification authentication, to customer engagement platforms.

Financial Education isn’t Working

Financial Education isn’t Working

Financial illiteracy is more pervasive than we think and education alone isn’t enough, according to Academic Director of the Global Financial Literacy Excellence Center (GFLEC), Professor Annamaria Lusardi.

While a credit union's efforts to provide financial education to their members is done with best intentions, many hurdles to the desired outcome stand in the way. The good news is, there are many solutions we (and others) are testing right now that credit unions can offer members to help reach financial success.

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We Are Smarter Together

We Are Smarter Together

60 credit union leaders convened last week in Palo Alto, California to kick off our annual research colloquium with Filene Research Fellow, Huggy Rao, a professor at the Stanford Graduate School of Business. What follows is a summary of the meeting, links to presentations and additional information. A more in-depth report of the proceedings will be available shortly. 

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