Facebook Libra

Credit unions need to double down on data integration as a first step to prepare for competition from Facebook and other tech giants in the fields of payments and loans, according to a Filene report released Thursday.

In June, Facebook announced its intention to create Libra, an international cryptocurrency aimed at the 1.6 billion people in the world who are unbanked—nearly half of all adults worldwide, especially women in developing countries.

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Jim DuPlessis

A journalist for decades.