If fintech has a downside, it's in the name. I get it that we are a "let's combine words to make a cooler word" type of nation. But really, "fintech" is just technology that can breathe underwater. At least that's what I visualize. And maybe that's part of the allure to the fintech world; it's not just a thing on dry land that walks among us, it can also be an amphibious creature lurking below the surface doing God-knows-what to create the features we benefit from on our phones and in our techy financial lives.
Love it or hate it, fintech organizations are pushing us into some terrifyingly fantastic financial freedom places. They are pushing the boundaries and exploring new consumer financial options. And, some want to become banks.
The cries are coming from financial leaders: "Regulate them!" Many argue that fintech firms should stay out of the banking space and simply provide the awesome third-party technology for financial organizations to use. Ah, regulations. We love them when they serve us and hate them when we feel like they impede our purpose (and revenue goals).
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Michael Ogden
Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
