At OnApproach, we have been talking a lot about the imminent threat of industry-wide disruption of Financial Services spurred by the rise of new start-ups and technology (known now as FinTech). Credit Unions and banks alike are on the cusp of experiencing unprecedented competition in the form of new innovations from non-traditional competitors looking to take a piece of the financial services pie (e.g. Apple). This is the primary driver for our Analytics and Financial Innovation Conference being hosted this June: http://www.axficonference.com/
In this 60 minutes, they discuss "the thousands of start-ups challenging many aspects of banking... the newcomers argue that this important sector is too set in its ways. It's being called the Financial Technology, or FinTech, Revolution."
Watch the 13-Minute segment here: http://www.cbsnews.com/videos/fintech/