CBS News: Fintech Revolution Upends Traditional Banking Posted by Association of Vermont Credit Unions on 12:46 PM

The CBS News Sunday evening show 60 Minutes most recently featured a 13 minute segment on two young entrepreneurs starting yet another payments system for business, now valued at $5 billion dollars. The story goes on to explore how the mostly unregulated fintech ventures (financial technology) are unbundling traditional heavily regulated services provided by banks and credit unions and turning banking upside down. Watch the 60 Minutes news story on fintech here!