BIGcast Best Innovation Group's John Best & 154 Advisors' Glen Sarvady

Glen speaks with TeamOnUP CEO Mike Kelly about “getting dreams done on purpose” and the beauty of small credit unions. Also, more on the Illinois interchange fiasco, the CFPB’s latest populist outburst, and Glen welcomes Google to the world of incumbents. 
 
Links related to this episode:
 
TeamOnUP: https://teamonup.com/ 
Mike Kelly’s book “Meaning is the Mission” (print, Kindle, audio): https://www.amazon.com/dp/B0D1LG79GY  
Payments Dive’s coverage of the Illinois Interchange bill: https://www.paymentsdive.com/news/illinois-debit-credit-card-interchange-swipe-fee-legislation/718371/ 
The CFPB’s newly announced process for recognizing open banking standards (rigging be damned): https://www.consumerfinance.gov/about-us/newsroom/cfpb-launches-process-to-recognize-open-banking-standards/ 
Our April interview with FDX Managing Director Don Cardinal: https://www.big-fintech.com/Media?p=a-bluetooth-for-open-banking 
Glen’s blog on GPT-4o’s continuing drama (no pizza tips included): https://www.big-fintech.com/Media?p=artificial-intelligence-intellectual-property-and-missing-the-point-on-her 
 
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/

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/