FinWise EYE ON:

In this episode of EYE ON Fintech, host Nick Chiappetti sits down with industry powerhouse Stacy Bishop—CEO and Founder of Selling Fintech and Fintech Partnership Strategist—to unpack what really drives successful (and unsuccessful) bank–fintech partnerships. Drawing from her unique perspective across both fintech founders and sponsor banks, Stacy shares candid insights on why partnerships fail, how fintechs can better prepare for sponsor bank relationships, and what it takes to build scalable, long-term programs in today’s evolving ecosystem. From ecosystem complexity to trust-building and future trends, this episode delivers practical guidance for anyone navigating embedded finance. Episode Highlights Why partnerships fail—and how to avoid it Misaligned expectations, unclear success metrics, and unsustainable pricing are some of the fastest ways to derail fintech-bank partnerships. Sponsor bank readiness requires realism, not hype Banks expect clear business cases, conservative forecasts, and operational transparency—not just investor-style growth projections. Success depends on the full fintech ecosystem Beyond the bank, fintechs must navigate a complex network of processors, networks, and providers—where every player impacts program success.  Trust and relationships still win deals Building credibility across “layers and players”—especially through real-world connections—is critical to gaining traction and navigating the space.  The future: evolution, not replacement While more fintechs may pursue charters, embedded finance and sponsor banking models will remain essential as demand for seamless financial experiences continues to grow.      

Artificial intelligence is no longer a future concept in financial services—it’s here. But moving from experimentation to real, measurable impact is where many institutions still struggle. In this episode, Erin Earl, Industry Executive Advisor for Financial Services at SAP, sits down with host Sarah Grotta, Chief Fintech Officer at FinWise Bank, for a practical, no‑nonsense conversation about what it really takes to make AI work in banking. Drawing on decades of leadership experience across global banks, fintechs, and enterprise technology, Erin cuts through the hype and shares what financial institutions actually need to focus on to turn AI investments into business outcomes. Listeners will learn: Why so many AI pilots fail—and how to avoid “pilot purgatory” by anchoring every initiative to a clear business case and ROI. How banks of all sizes can prioritize the right AI use cases, with real examples where mid‑sized and community institutions are outperforming larger peers. What “AI‑ready data” really means, and why data foundation—not models—is the biggest determinant of AI success. How to structure ownership and governance for AI, balancing innovation, risk management, and regulatory expectations in a highly regulated industry. Whether you’re just beginning your AI journey or looking to scale what’s already in production, this episode delivers practical guidance for building data‑led, ROI‑driven financial services—today and for the future.

In this episode of FinWise EYE ON, host Sarah Grotta, Chief Fintech Officer at FinWise, sits down with Reed Luhtanen, Executive Director & CEO of the U.S. Faster Payments Council, for a deep-dive conversation on the rapid evolution of faster and real-time payments in the U.S. Reed brings a unique, ecosystem-wide perspective—spanning banks, fintechs, payment networks, merchants, and regulators—to unpack how the industry has moved from “why faster payments?” to “how fast can we get live?” Listeners will learn: Why instant payments have officially passed the tipping point in the U.S. How RTP and FedNow adoption has accelerated—and what’s driving it The most compelling real-world use cases, from payroll and earned wage access to loan disbursements, insurance payouts, marketplaces, and healthcare How fintechs access faster payment rails through bank partnerships Why “receive-only” participation isn’t enough—and the ROI case for enabling send Key fraud and risk considerations—and why real-time doesn’t mean reckless How industry standards (confirmation of payee, transaction tags, exceptions handling) can unlock broader adoption The role of AI, stablecoins, and tokenized deposits in the future payments landscape Why optionality and redundancy may be a strength—not a weakness—of the U.S. payments system Whether you’re a community bank, fintech, program manager, or payments professional, this episode offers valuable insight into where faster payments are today—and where they’re headed next.  

In this podcast episode Simon Darchis, Head of Fintech Products and Strategic Initiatives at FinWise Bank, sat down with Ed Walters, VP of Lending Partnerships at Upstart, for a wide‑ranging and candid conversation on how lending is evolving—and what banks, fintechs, and investors need to understand to stay ahead. Ed and Simon unpack: How AI is reshaping credit access—and why starting with the customer problem (not the product) matters more than ever What it really takes to innovate responsibly in lending while balancing regulators, sponsor banks, and investors Lessons learned from the 2022 credit cycle stress test—and how modern underwriting models are adapting to macroeconomic risk How fintechs and sponsor banks can build durable, multi‑year partnerships in a fast‑moving, highly regulated environment Why the future of lending is moving toward “always‑on” credit, meeting consumers at their point of need with the right product, at the right price Ed also shares practical insights on product ideation, compliance‑by‑design, model explainability, and what strong risk management looks like at scale—all grounded in real-world experience. If you’re thinking about the future of consumer lending, AI in underwriting, or how fintech–bank partnerships can evolve sustainably, this episode is for you.  

In our latest episode, Sarah Grotta, Deputy Chief FinTech Officer at FinWise Bank, sits down with Dana Lawrence, VP of Go‑to‑Market Strategy & Customer Relationships at Themis, to unpack one of the most important—and misunderstood—levers for success in financial services: ➡️ Compliance as a true business differentiator. If you work in fintech, banking, risk, regtech, or anywhere in the BaaS ecosystem, this conversation hits home. Here are a few of the standout insights: Compliance is your brand. The pendulum may swing—but responsibility doesn’t. How to turn the ‘Department of No’ into the ‘Department of Know.’ What’s coming in 2026 And a powerful reminder: In a hybrid world, in‑person community matters more than ever.  For innovation, for collaboration, for sanity. If you're navigating risk, underwriting new fintech models, evaluating partnership opportunities, or preparing for your 2026 compliance strategy—this is a conversation worth your time.

Year in Review 2025: Insights from FinWise Bank Join host Sarah Grotta, Deputy Chief FinTech Officer at FinWise Bank, and a panel of FinWise leaders as they reflect on the biggest shifts, challenges, and opportunities in fintech and banking partnerships over the past year. This special episode brings together: Kenzie Mexican, SVP, Deputy Chief Compliance Officer Simon Darchis, Head of Fintech Products and Strategic Initiatives Chris Comber, SVP, Credit Management and Strategy Nick Chiappetti, VP, Fintech Marketing and Partnerships Donnie Drake, SVP, BaaS Operations Sarah Grotta, Deputy Chief FinTech Officer (Host) What’s inside: • How 2025 compared to the regulatory “wildfire” of 2024 • The maturing fintech landscape: fewer startups, more mergers & acquisitions • Shifting regulatory tone, but persistent compliance focus • The rise of AI and stablecoins—hype vs. practical impact • Evolving consumer expectations and product innovation • Predictions for 2026: bank charter trends, AML modernization, and more collaboration Tune in for candid perspectives, industry trends, and a look ahead to what’s next in fintech and banking. Happy holidays from the FinWise EYE ON Podcast team!

In Part 3, we dive into the conversations shaping the future of fintech, banking, and payments. From cultural transformation in community banking to innovations in family finance, earned wage access, and stablecoin adoption, this episode is packed with insights from industry leaders. Featured Guests & Time Stamps: Chris Eggemeyer, VP, Castle Creek Capital (00:32 – 10:59) Madhu Yalamarthi, Co-Founder & CEO, Modak (11:05 – 20:12) Julie Valencia, Head of Compliance, Modak (11:05 – 20:12) Andrew Grant, Regulatory and Transactional Attorney, Runway Group (20:13 – 24:00) Todd Rotolo, Head of Growth & Marketing, Chisel (24:01 – 31:53) Kyla Galicia, Head of Client Relationships and Implementations, Chisel (24:01 – 31:53) Dimitri Dadiomov, Co-Founder & President, Modern Treasury (31:54 – 38:28) Rob Kaczmarek, CEO & Founder, Inbanx (38:29 – 48:19) Alex Gostomelsky, CFO, Tapcheck (48:20 – 59:00) Matt MacDonald, Fintech Practice Leader, Wolf & Company (59:01 – 65:04) Emmett Shipman, Fintech Strategy, Wolf & Company (59:01 – 65:04) Highlights: ✔ AI and automation in compliance ✔ Stablecoins as a new payment rail ✔ Bank-fintech collaboration and cultural shifts ✔ Financial wellness and accessibility for families and workers

In this episode, Kiah Haslett, creator of Fintech Takes Banking, sits down with host Sarah Grotta to talk about the evolving relationship between banks and fintechs. They explore the lessons learned from Banking-as-a-Service, the surge in charter applications, and what these trends mean for compliance, risk management, and innovation. The conversation also dives into regulatory shifts, payment charters, and the potential impact of initiatives like the Skinny Master Account and Section 1033. If you want to understand how technology, regulation, and strategy are reshaping banking, this episode is a must-listen.

Money20/20 Special Edition – Part 2 Recorded live at Money20/20, this episode dives deeper into the conversations shaping banking, fintech, and regulatory strategy. From embedded banking solutions to AI-driven compliance and the evolving role of partnerships, our guests share insights on innovation and what’s next for financial services. Featured Guests & Time Stamps: Jason Henrichs, CEO, Alloy Labs (00:34 – 9:25) Dana Lawrence, VP GTM Strategy & Customer Relationships, Themis (9:28 – 15:42) Troy Maas, CTO & Founder, ASA (15:43 – 23:09) Landon Glenn, CEO & Founder, ASA (15:43 – 23:09) Sunil Singh, Founder & CEO, Tallied (23:12 – 27:07) Yankie Markowitz, CEO, SBA Loan Group (27:08 – 30:45) Stan Orszula, Partner, BFKN (30:46 – 43:13) Abdul Mitha, Partner, BFKN (30:46 – 43:13) What you’ll learn: ✔ How banks and fintechs can build trust and transparency for successful partnerships ✔ Why embedded banking and Software Development Kit (SDK) solutions are changing the game ✔ The role of AI in compliance, risk management, and dispute handling ✔ Regulatory trends and how to engage with regulators early for smoother innovation ✔ Why relationships and collaboration remain the foundation of growth

Money20/20 Special Edition – Part 1 Recorded live at Money20/20, this episode dives into the conversations shaping the future of banking, fintech partnerships, and payments innovation. Hear from leaders across the industry as they share insights on AI, risk management, regulatory shifts, and building trust in partnerships. Featured Guests & Time Stamps: Karen Schmidt, VP Product & Business Development, Sutton Bank (00:33 – 3:57) Marc Rehberger, SVP, Head of Tech Enabled Banking, Customers Bank (3:58 – 8:15) Chris Rigoni, EVP, Head of Partner Banking & Payments, Axiom Bank (8:16 – 14:33) Tony McGee, Director of Business Development, Lithic (14:34 – 22:29) Joe Morgan, EVP, Head of Strategic Partnerships, Continental Bank (22:30 – 29:52) Abby Hogan, SVP, Legal & Regulatory Affairs, FairPlay AI (29:53 – 37:09) Kanishk Mehta, Director, Risk Advisory Services, Kaufman Rossin (37:10 – 46:58) Brittany Decker, Head of Sponsor Banks, Visa (46:59 – 59:17) What you’ll learn: ✔ How community banks can embrace innovation and compete beyond geography ✔ Navigating fintech-bank partnerships in a shifting regulatory landscape ✔ Building modern API-led infrastructure for payments and card issuing ✔ Leveraging AI for compliance, risk management, and operational scale ✔ Why trust and communication remain the foundation of successful partnerships 🎧 Listen now and join the conversation about the trends shaping banking and fintech at Money20/20.

In this episode of the FinWise EYE ON: podcast, hosted by Sarah Grotta, Deputy Chief Fintech Officer at FinWise Bank, the focus is on the current environment for innovative fintechs in the U.S. Sarah is joined by Trevor Tanifum from FS Vector, a firm that helps fintechs with compliance and becoming ‘bank ready.’   Trevor explains the three practice groups within FS Vector: advisory, licensing, and advocacy. The discussion covers the day-to-day activities of advising fintechs, the intricacies of partnering with banks, and the importance of presenting a well-prepared compliance framework to avoid risks.   They also delve into the regulatory environment in Washington, touching on the impact of administrative changes on policy and enforcement. The podcast wraps up with insights on topics like the rising interest in stablecoins, the challenges of launching fintech products, the competitive banking partnership landscape, and the implications of current data privacy and access regulations.    

Enhancing Corporate Payments with Strategic Innovation with Alex Jimenez, Lead Principal Consultant from Backbase   In this episode of the FinWise EYE ON: podcast, host Sarah Grotta is joined by Alex Jimenez, Lead Principal Strategy Consultant at Backbase, to discuss the trends and future of corporate payments. They delve into the lag in user experience for corporate payments compared to consumer-side innovations, and explore the current state and challenges in the industry. Topics covered include the role of real-time payments, the complexity of implementing digital solutions for businesses, and the potential impact of technologies like stable coins and AI. Alex shares insights from his experience and recent conversations with business leaders, offering a grounded perspective on the future of financial solutions in the corporate sector.   https://www.alexrjimenez.com/ https://www.backbase.com/insights/podcasts        

In this podcast episode, Sarah Grotta and Tom Brown discuss the evolving role of stablecoins in the U.S. financial landscape. They explore the impact of stablecoins on banking and payments, the concept of deposit tokens, and how banks and merchants are adapting to these changes. The conversation also touches on regulatory developments, investment trends, and the potential use cases for stablecoins and deposit tokens in the future. Takeaways Stablecoins are gaining traction and have significant potential. The regulatory landscape is evolving, impacting stablecoin adoption. Banks are exploring how to integrate stablecoins into their operations. Merchants see stablecoins as a way to improve payment processes. Deposit tokens represent a new way to manage bank deposits on-chain. The Clarity Act provides a clearer framework for stablecoin issuance. Investment trends in fintech are influenced by market dynamics. Understanding the differences between stablecoins and deposit tokens is crucial. Operational improvements are a key focus for merchants adopting stablecoins. The future of stablecoins will depend on regulatory clarity and market acceptance.

In this episode of the FinWise EYE ON: Podcast, host Simon Darchis and guest David Peterson, Chief Credit Officer at Elevate, delve into the transformation of credit and marketing models in financial services. They discuss the role of AI, data science, and statistical models in improving credit underwriting and customer engagement, particularly in the subprime space.   The conversation explores the ethics of marketing models, the evolution of credit modeling, and the potential impact of AI and machine learning in fraud detection and customer targeting. They also tackle challenges like the recent move by Chase to charge for data access, highlighting its potential implications for fintechs and consumers.   Meet David Peterson: Elevate's Chief Credit Officer Elevate's Mission and Services Understanding Non-Prime Consumers Building Effective Credit Models Alternative Data in Credit Modeling Evolution of Elevate's Credit Models Challenges in Credit Modeling During Economic Shifts Fraud Detection and AI Innovations Supervised vs. Unsupervised AI in Lending The Role of AI in Fraud Detection Marketing Models and Customer Targeting Ethical Considerations in Subprime Lending The Future of AI and Data in Finance Conclusion and Final Thoughts David Peterson Elevate

Summary In this episode of FinWise EYE ON podcast, Sarah Grotta and Ben Jackson, COO of the Innovative Payments Association, discuss the evolving landscape of Fintech, focusing on the implications of recent regulatory changes, particularly the rise of stablecoins and the Genius Act. They explore the potential use cases for stablecoins, the challenges they may face, and the current regulatory environment affecting the financial services industry. The conversation also touches on the importance of education and compliance in navigating these changes. Takeaways The Innovative Payments Association focuses on creating a conducive regulatory environment for payments. Stablecoins aim to address the volatility issues associated with cryptocurrencies. The Genius Act seeks to clarify the rules around stablecoin issuance. Stablecoins could significantly impact traditional payment methods and financial services. There is a need for education to build trust in stablecoins among consumers. The current regulatory environment is seeing a shift towards less aggressive enforcement. The CFPB's budget cuts may affect its ability to regulate effectively. Stablecoins could provide new opportunities for businesses in payment processing. The industry must prepare for potential regulatory changes as political winds shift. Compliance education is crucial for navigating the evolving financial landscape. IPA Compliance Bootcamp - September 11, 2025 - Chicago

Summary In this episode of the FinWise EYE ON: podcast, Simon Darchis and Simon Taylor delve into the evolving landscape of stablecoins, exploring their definition, mechanisms, and implications for traditional financial institutions. They discuss the importance of trust and reserve management, the challenges of market fragmentation, and the potential for stablecoins to coexist with central bank digital currencies. The conversation also touches on regulatory considerations, the future of payments, and the impact of stablecoins on traditional banking, highlighting the need for innovation and adaptation in the financial sector. Takeaways Stablecoins are designed to reduce volatility in cryptocurrency markets. They are pegged to stable assets like the US dollar to maintain value. Trust in stablecoins relies heavily on the issuer's reserve management. Market fragmentation poses challenges for stablecoin interoperability. Central bank digital currencies may coexist with stablecoins in the future. Stablecoins are already being used in cross-border transactions. Regulatory frameworks are evolving to accommodate stablecoins. Banks must innovate to retain deposits in the face of stablecoin competition. The rise of stablecoins could lead to a shift in traditional banking practices. Shadow banking risks may increase with the growth of stablecoins. Global Digital Finance Sardine FinWise Bank  

Summary In this episode of the EYE ON: Fintech podcast, Kenzie Mexican speaks with Soups Ranjan, co-founder and CEO of Sardine AI, about the evolving landscape of fraud prevention in the financial services sector. They discuss the impact of AI on fraud tactics, the importance of behavioral biometrics, and how Sardine is addressing challenges like authorized push payment scams and synthetic identities. Soups shares insights on leadership in fraud prevention and the future of AI in enhancing compliance and risk management. Takeaways Soups Ranjan has a PhD in electrical and computer engineering and has spent his career fighting fraud. Sardine AI focuses on intrinsic behavior biometric features for identity verification. AI is being used to streamline compliance and fraud operations, significantly reducing manual workloads. Behavioral biometrics can detect anomalies in user behavior that indicate fraud. Transparency in AI models builds trust with operations teams. AI can help financial institutions increase their speed to revenue by automating processes. Sardine's approach combines machine learning with rules-based systems for effective fraud detection. The use of behavioral data does not involve personally identifiable information (PII). Sardine's tools are designed to combat synthetic identities by cross-referencing multiple data points. Leadership in fraud prevention requires being hands-on and understanding team challenges.  

Summary In this episode of the FinWise EYE ON: podcast, Sarah Grotta speaks with Miladys Felix from Discover Network about the intricacies of launching a successful credit card program. They discuss Miladys' career journey and the unique position of Discover Network in the global payments landscape. The conversation also covers innovations in payment solutions, the rise of fintechs in the credit card space, and the challenges involved in navigating the credit card value chain. Miladys emphasizes the importance of creating streamlined solutions for partners and the need for creativity in overcoming contractual and operational hurdles. Takeaways Miladys Felix shares her journey into the payments industry. Discover Network operates three brands: Discover, Diners Club, and Pulse. Discover Network processed around 622 billion in spend value globally in 2024. Innovations like tap on mobile and faster payments are gaining traction. Fintechs are driving consumer loyalty through innovative credit card offerings. Commercial credit cards are becoming essential for businesses to manage expenses. The credit card value chain involves multiple players and complexities. Creating a packaged solution can simplify the go-to-market process for partners. Understanding roles and responsibilities is crucial for successful credit card program implementation. Army & Air Force Exchange Service to Collaborate with Discover® Global Network to Expand MILITARY STAR Card Acceptance 5 Consumer Payment Trends Shaping How We Pay in 2025 Miladys on Linkedin  

Summary In this episode of the EYE ON: Podcast, Simon Darchis speaks with Taylor Cembalisty, a leader in customer success and partnerships at NetXD. Taylor shares her journey from the nonprofit sector to financial services, highlighting her experiences at JP Morgan and NARMY. The conversation delves into the role of AI in financial services, particularly focusing on AI agents and their potential to enhance customer interactions. Taylor discusses the challenges of data management and the importance of infrastructure in implementing AI solutions effectively. The episode concludes with insights on the future of AI in banking and the need for financial institutions to adapt to new technologies. Taylor and Simon discuss the integration of AI in financial institutions, exploring its potential use cases, benefits, and challenges. They emphasize the importance of developing internal AI policies, understanding customer needs, and navigating regulatory landscapes. The discussion highlights how AI can enhance both customer experiences and back-office operations, ultimately driving innovation in the financial sector. Takeaways Taylor's journey from nonprofit to financial services is unique. AI is revolutionizing customer interactions in banking. The concept of AI agents is gaining traction in fintech. Data challenges remain a significant barrier to AI adoption. Infrastructure is crucial for leveraging AI technologies. Customer success teams are essential in fintech. AI can automate back-office processes effectively. The future of banking will involve more autonomous AI actions. Financial institutions must adapt to stay competitive. Understanding legacy systems is key to implementing AI. Financial institutions should start with an internal AI policy. AI can improve both customer-facing and back-office operations. Understanding AI is crucial for financial institutions to stay competitive. AI can automate mundane tasks, freeing up time for more valuable work. Customer interactions can be enhanced through AI-driven insights. Regulatory clarity is needed for AI adoption in finance. AI can help in financial literacy and customer education. A top-down and bottom-up approach is essential for AI adoption. AI can facilitate quicker decision-making and operational efficiency. Organizations should prepare for AI by educating themselves and exploring use cases.    

In this episode of the FinWise EYE ON: Fintech podcast, host Nick Chiappetti speaks with Colton Pond, Chief Marketing Officer at LoanPro, about the evolving landscape of fintech, the importance of modern infrastructure, and innovative features like transaction level credit. They discuss the challenges of compliance, the future of credit cards, and the competitive dynamics between fintechs and traditional banks. Colton also shares insights on marketing strategies in fintech and introduces his new venture, Fintech NerdCon, aimed at fostering meaningful connections within the industry. The conversation concludes with an optimistic outlook for the future of fintech, emphasizing the demand for better financial products.   Takeaways Colton Pond is passionate about fintech and aims to stay in the industry forever. Loan Pro is a leader in lending and credit infrastructure, serving a diverse range of clients. Modern infrastructure is crucial for fintechs to remain competitive in the evolving market. Transaction Level Credit is an innovative feature that allows for personalized financial products. Compliance challenges are significant, and Loan Pro has developed guardrails to help navigate them. Younger consumers are increasingly interested in credit cards as they enter the workforce. Fintechs are currently competing more with each other than with traditional banks. LoanPro aims to simplify the credit card launch process for fintechs and banks. Fintech NerdCon is a new initiative focused on curated content and meaningful interactions in the fintech space. The future of finance is optimistic, with a strong demand for better financial products. https://www.fintechnerdcon.com/

Insights and Innovations from the Frontlines of FinTech In this special edition of the FinWise EYE ON: podcast, host Nathan Mills, Vice President of Corporate Marketing and Communications at FinWise Bank, takes listeners to the FinTech Meetup event in Las Vegas. The episode features a 'banker on the street' format, where Nathan engages with ten banking professionals from diverse backgrounds. Topics covered include fintech regulation, the role of sponsor banks, compliance, the future of AI in banking, and operational challenges. Through interviews with leaders banking leaders, the episode offers a comprehensive view into the current state and future prospects of the Fintech and sponsor bank industry. Insights from industry insiders highlight the necessity of regulatory compliance, the impact of technological innovations, and the value of collaboration among banks. The episode promises to deliver thought-provoking perspectives and firsthand industry experiences. Sean Farnsworth - VP, Sales and Diligence, TAB Bank Karen Schmidt - VP, Business & Product Development, Sutton Payments Devon Secoy - Fintech Operations Director, Focus Bank Joe Morgan - SVP, Head of Strategic Partnerships, Continental Bank Matt Cowan - General Manager, Cambr Brand/NBH Bank Maria Wilkison - Director of Fintech Credit, Sunrise Banks Matt Michaelis - CEO, Emprise Bank Blake Tidwell - COO Payments, Thread Bank Miles McClure - CEO, Rocky Mountain Bank and Trust Steven Avila - Product Strategy & Go-to-Market Manager, Sunwest Bank

In this episode of the FinWise EYE ON: podcast, Sarah Grotta speaks with Phil Goldfeder, CEO of the American FinTech Council, about the evolving landscape of financial technology and regulation. They discuss the AFC's mission, the impact of recent political changes on the regulatory environment, and the future of crypto and stablecoin regulations.   Phil emphasizes the importance of proactive engagement with regulators and the need for a collaborative approach to create a stable financial services ecosystem. He discusses the evolving landscape of FinTech regulation, highlighting bipartisan efforts to create fairer financial services and emphasizes the importance of responsible innovation and the role of states in shaping regulations.   The conversation also touches on the future of the CFPB, legislative proposals regarding interest rates and credit card networks, and the significance of data privacy in the context of open banking. Goldfeder concludes by promoting the upcoming American FinTech Policy Summit, which aims to foster dialogue among industry leaders and regulators.   Takeaways The American FinTech Council has evolved significantly since its inception. AFC aims to educate and influence policymakers on financial regulations. Regulatory changes are often influenced by political shifts and elections. Proactive compliance and risk management are essential for financial services. The current administration is more open to collaboration with the fintech industry. Stablecoin and crypto regulations are on the horizon. The AFC represents a diverse range of fintech companies and innovative banks. Regulators should not dictate industry practices but work collaboratively with it. The importance of defining one's narrative in the financial services space. The Fair Exams Act aims to improve regulatory oversight and efficiency. Bipartisan efforts in FinTech regulation are gaining momentum. FinTech is crucial for serving millions of consumers today. Consumers are accessing financial services differently than before. State regulations may become more aggressive in response to federal deregulation. The CFPB is not going away but may be restructured. Interest rate caps on credit cards face significant opposition. The alternative network for credit cards may not gain traction. Data privacy rules are still evolving and may see changes. Open banking presents opportunities for consumer competition. The American FinTech Council conference will focus on thoughtful leadership in the industry.

Summary In this episode of the FinWise EYE ON: podcast, Sarah Grotta speaks with David Shipper, a strategic advisor at Datos Insights, about the latest trends in payment cards. They discuss the profitability of debit cards, the impact of regulations, and the evolving credit card market. David shares insights on how smaller banks can successfully issue their own credit cards and the potential of flexible credentials that link multiple payment types. The conversation also touches on the future of physical cards and consumer spending trends in the current economic climate, concluding with information about an upcoming conference focused on retail banking transformation. Takeaways David Shipper provides insights on the payment card industry. Debit cards remain profitable despite regulatory challenges. Banks can increase debit card transactions through strategic practices. Smaller banks have opportunities to issue their own credit cards. Flexible credentials could streamline payment processes for consumers. Physical cards still hold significant value in consumer wallets. Consumer spending trends are influenced by economic factors. The potential impact of credit card interest rate caps is concerning. Conferences provide valuable networking opportunities for bankers. The importance of adapting to changing consumer preferences in banking. Keywords: payment cards, debit card trends, credit card market, financial institutions, consumer spending, banking technology, flexible credentials, economic insights, retail banking, card issuing    

In this episode of the EYE ON: Fintech Podcast, Simon Darchis and Alex Johnson discuss the evolving landscape of fintech, focusing on key trends, innovations, and the impact of AI on the industry. They explore the maturation of fintech infrastructure, the fragmentation of service providers, and the role of AI in enhancing efficiency and reducing costs. The conversation also delves into the challenges of regulation in a rapidly changing environment, emphasizing the need for transparency and accountability in AI applications within financial services. In this conversation, Alex Johnson and Simon discuss the evolving landscape of regulation in the crypto and fintech industries, emphasizing the need for clear and fair rules. They explore the tension between traditional financial services and fintech, the concept of financial nihilism among consumers, and the implications of diversity, equity, and inclusion (DEI) in financial services. The discussion also covers the evaluation of lending products, particularly the comparison between Buy Now Pay Later (BNPL) and credit cards, and concludes with insights on the future of lending in the context of economic cycles. Takeaways Alex Johnson has 20 years of experience in fintech. Fintech is evolving with repeating patterns over time. Infrastructure advancements lead to significant innovations. The lending space has seen backend innovations recently. The number of infrastructure providers is becoming overwhelming. AI has been embedded in financial services for years. Generative AI can improve efficiency in back office processes. Regulation will need to adapt to the rise of AI. Trust in AI will take time to develop among consumers. Deregulation poses risks and opportunities for the industry. The crypto industry seeks clear and fair regulations. Trust is essential in financial services. Recent failures in banking will influence regulatory approaches. Financial nihilism reflects consumer desperation and speculation. DEI initiatives can be good business, not just charity. Lending innovations must align with consumer interests. BNPL and credit cards have different impacts on financial health. Understanding consumer behavior is crucial in lending. The lending industry is at risk of a cyclical downturn. Economic shocks will tighten credit availability. Alex Johnson's Fintech Takes Newsletter  

Navigating the Fintech Landscape: A Conversation with Sunil Singh, CEO of Tallied In this episode of the FinWise EYE ON: podcast, Deputy Chief FinTech Officer Sarah Grotta hosts Sunil Singh, founder and CEO of Tallied, to explore the evolution of the FinTech industry. Sunil shares his extensive career journey, from starting as an engineer in India to his roles at prominent companies like Oracle, Blackhawk Network, and Marketa, leading up to founding Tallied. The discussion covers Tallied's mission to modernize credit card infrastructure, the challenges and impacts of the current regulatory and economic environment, and the future of Fintech with emerging technologies like AI. Sunil also provides insights into partnership dynamics with financial institutions and strategic advice for Fintech startups in today's market. 00:48 Meet Sunil Singh: CEO of Tallied 01:06 Sunil's Journey in Fintech 05:07 Founding Tallied: The Spark and Vision 10:09 Building and Partnering in Fintech 12:04 Navigating Challenges in the Fintech Landscape 31:12 The Future of Fintech and AI 39:38 Opportunities for Tallied and Final Thoughts

FinWise EYE ON: Exploring Bin Sponsorship with Brittany Decker In this episode of the FinWise EYE ON podcast, host Sarah Grotta, Deputy Chief Fintech Officer at FinWise Bank, discusses bin sponsorship, the role of sponsor banks, and Visa's innovations with Brittany Decker, Head of Sponsor Banks at Visa. Brittany shares her extensive experience in the financial services and payments industry, spanning nearly 14 years, and talks about how Visa supports fintech innovation. The conversation delves into Visa's journey in the fintech space, emphasizing the importance of prepaid programs and financial inclusion. They explore significant technological milestones, such as Visa Direct and the Visa flexible credential, and discuss trends shaping the sponsorship bank ecosystem, focusing on innovation, regulatory changes, and new market opportunities in 2025. Finally, the episode covers the evolving needs of small and middle-market businesses, with a spotlight on fleet management and other niche verticals. 00:00 Introduction to FinWise EYE ON Podcast 01:05 Guest Introduction: Brittany Decker from Visa 01:29 Brittany's Journey in Financial Services 04:35 Visa's Role in the Fintech Space 05:20 The Evolution of Prepaid and Financial Inclusion 11:25 Trends in the Sponsorship Bank Ecosystem 13:34 Innovations in Financial Inclusion 24:37 Future Trends and AI in Financial Services 29:27 Opportunities in Small and Middle Market Businesses 37:02 Conclusion and Final Thoughts

In this special edition of the FinWise EYE ON: podcast, the team reflects on the tumultuous year of 2024, discussing key themes such as the impact of consent orders, the evolving relationship between banks and fintechs, and the importance of compliance and risk management. They share insights on best practices for fintechs seeking bank partnerships and the role of technology in enhancing compliance efforts. Looking ahead to 2025, the conversation emphasizes the need for a strong foundation in compliance and the potential for innovation in the banking sector. FinWise Team: Sarah Grotta - Deputy Chief Fintech Officer Nick Chiappetti - VP, Fintech Marketing and Partnerships Kenzie Mexican - Deputy Chief Compliance and Risk Officer Simon Darchis - Head of Fintech Products and Strategic Initiatives. Nathan Mills - VP, Corporate Marketing and Communications   Takeaways 2024 was marked by significant regulatory scrutiny in the fintech space. Consent orders were prevalent, highlighting the need for better compliance practices. The relationship between banks and fintechs is evolving towards more stringent oversight. Fintechs must prioritize compliance in their business plans to succeed. Education and understanding of risks are crucial for fintechs seeking bank partnerships. Technology can enhance compliance efforts but should not replace human oversight. The industry is maturing, with a focus on sustainable practices and risk management. Future fintech products must adapt to the preferences of Gen Z consumers. Collaboration between banks and fintechs is essential for navigating regulatory challenges. The future of banking as a service looks promising with opportunities for innovation.    

In this podcast episode, Sarah Grotta and Matt Faso discuss the recently finalized 1033 rule, which focuses on open banking and data privacy in the U.S. They explore the origins of the rule, its core principles, and the changes from the proposed to the final version. The conversation highlights the compliance timelines for financial institutions, the interplay between the 1033 rule and state privacy laws, and the requirements for data sharing among financial institutions and third parties. The episode emphasizes the importance of consumer choice and security in the evolving landscape of open banking. In this conversation, Matt Faso discusses the complexities and implications of the new consumer data sharing rules set by the CFPB. He highlights the challenges consumers face with data reauthorization, the vagueness of the rules, and the compliance requirements for financial institutions and third parties. The conversation also touches on enforcement uncertainties and the potential for future expansions of the rule. Takeaways The 1033 rule is a significant step for open banking in the U.S. Consumers have the right to access and share their financial data. The rule aims to promote innovation and competition in banking. Data providers cannot charge for access to consumer data. The final rule provides more clarity on compliance timelines. There is a strong emphasis on consumer privacy protections. The rule encourages the use of secure APIs over screen scraping. Financial institutions must comply with both federal and state privacy laws. The anti-evasion rule could prevent data access barriers. The rule aims to make switching financial providers easier for consumers. Reauthorization of consumer data can lead to significant consumer harm. The CFPB's vagueness in the rule creates uncertainty for stakeholders. Clarity on compliance timelines is essential for data recipients. Data providers can deny access if data recipients are non-compliant. The rule lacks specific monetary penalties for violations. Third parties must maintain robust data security policies. The rule supports the pay by bank model but has limitations. The CFPB aims for the rule to be a starting point for future developments. The political landscape may affect the enforcement of the rule. Future expansions of the rule are uncertain under the new administration. Slide summary PDF of Matt's information from this episode https://www.trustly.com/  

In this podcast episode, Sarah Grotta and Sarah Fernandez discuss the critical importance of Regulation E (Reg E) in the banking and fintech sectors. They explore the challenges financial institutions face in compliance, the role of technology in dispute resolution, and best practices for managing partnerships with fintechs. The conversation also highlights common errors in Reg E compliance and emphasizes the need for consumer protection in dispute management. As new payment technologies emerge, the discussion underscores the importance of adapting compliance strategies to ensure consumer rights are upheld. Takeaways Reg E is essential for consumer protection in banking. Financial institutions must understand compliance challenges. Technology can streamline dispute resolution processes. Onboarding fintech partners requires thorough due diligence. Reg E compliance is evolving with new payment technologies. Testing and documentation are crucial for compliance. Common errors include misunderstanding timing requirements. Consumer communication is key in dispute management. Financial institutions should monitor for potential fraud. Continuous improvement in compliance processes is necessary. Kaufman Rossin  

  Join us for an EYE ON Podcast with our special guests, all industry leaders, who stopped by our FinWise satellite office during our time at Money20/20, one of the world’s largest fintech events, to give us their insights into top trends, current state of fintech and bank partnerships, financial inclusion, and emerging technologies shaping the future of embedded finance and the fintech industry. There is palpable excitement for the possibilities in the fintech industry shared in this special podcast edition. Money20/20 Guests Such Patil, Head of Partnerships, and Alli Nilsen, Senior Strategic Partnerships Manager, Lithic (:30 – 8:33) Glenn Murray, Chief Strategy Officer, DreamFi (8:35 – 13:50) Taylor Cembalist, Director of Customer Success and Partnerships, NetXD (13:52 – 18:13) Krishnan Gopalakrishnan, Co-Founder and CEO, Plannery, and Andrew First, Co-Founder and CTO, Plannery (18:15 – 23:37) Sonja McIntosh, Vice President of Operations, DreamFI (23:39 – 24:37) Lee Easton, President, iDentify (24:39 – 31:08) Brittany Decker, Sr. Director, Head of Sponsor Banks, Visa (31:10 – 45:54) Shawn Ghuman, Enterprise Sales Lead, Sardine (45:56 – 51:24) Nicola Morris, COO, Highnote (51:26 – 55:12) Nathan Lemon, Head of Partnerships, IC Group (55:14 – 59:22) Stewart Watterson, Strategic Advisor, Datos Insights (59:24 – 65:11) David Ritter, CEO, Privacy Lock (65:13 – 70:30)

Summary In this episode of the EYE ON: podcast, Robert Keil speaks with Jason Henrichs from Alloy Labs about the evolving landscape of community banking. They discuss the challenges and opportunities faced by community banks in a digital-first world, the importance of technology and data, and strategies for competing against larger banks. Jason shares insights on how community banks can leverage partnerships, innovate, and navigate regulatory challenges to thrive in the future.   Takeaways Jason Henrichs has 30 years of experience in financial services. Community banks excel in small business lending but struggle with deposits. Banking as a service offers community banks a competitive edge. Community banks should redefine their market beyond geography. Investing in technology is crucial for future growth. Data availability and payment systems are essential for success. Hope and prayer are not viable strategies for community banks. Community banks need to focus on unique niches to thrive. Collaboration among banks can lead to shared knowledge and success. Regulatory challenges require proactive engagement and data-driven solutions. https://www.alloylabs.com/ https://www.linkedin.com/in/jasonhenrichs/  

In this episode of the FinWise EYE ON: podcast, host Juan Arias our Head of Corporate Development & Investor Relations, sits down with Jason Mikula, an  authority in the fintech banking industry and head of industry strategy for banking and fintech at Taktile. An insightful discussion for equity investors and industry participants to help them understand the current state of the fintech-banking partnership industry, the evolution of technology in banking, regulatory challenges, and the differentiation between fintechs and traditional banking institutions. Jason shares his insights on recent regulatory actions, compliance investment, the broader impacts of fintech in the financial sector, and offers advice for investors evaluating fintech and banking stocks.

In this episode, Sarah Grotta, Deputy Chief Fintech Officer at FinWise Bank, discusses the concept of a backup bank with Christienne Genaro, who manages bank partnerships at Galileo. They explore the role of bank partnerships in the fintech marketplace and the importance of compliance in these relationships. They also discuss the process of finding the right sponsor bank for a fintech and the shift in use cases, including cross-border solutions and embedded finance. The conversation highlights the need for alignment between fintechs and banks on BSA and reporting, as well as the shift away from the interchange business model. They emphasize that a backup bank is not just a backup prom date, but a strategic partnership that requires careful consideration and preparation. They also explore the idea of banks forming backup bank coalitions to provide customers with alternative options. The conversation touches on the factors that may prompt a fintech to seek a second bank, such as the need for diversification and the changing regulatory landscape. They also discuss the importance of building strong relationships between issuers, processors, and banks to ensure success. Takeaways Bank partnerships play a crucial role in the fintech marketplace, and finding the right sponsor bank is essential for fintech success. Compliance is a key consideration in bank partnerships, and fintechs should seek sponsor banks that are reg savvy and have a good relationship with regulators. Fintechs are exploring new use cases, including cross-border solutions and embedded finance, as they expand their product offerings. Alignment on BSA and reporting is crucial for fintechs and banks to ensure a successful partnership. The marketplace is shifting away from the interchange business model, and fintechs are looking for sustainable revenue streams beyond interchange fees. Processors like Galileo can help fintechs find the right sponsor bank by providing curated lists and facilitating introductions. Having a backup bank is not just a backup prom date, but a strategic partnership that requires careful consideration and preparation. Banks may form backup bank coalitions to provide customers with alternative options. Factors that may prompt a fintech to seek a second bank include the need for diversification and the changing regulatory landscape. Building strong relationships between issuers, processors, and banks is crucial for success in the fintech industry.

In this episode, Sarah Grotta interviews Stan Orszula, a partner at BFKN, about the future of banking and the role of fintechs. They discuss how fintechs are an extension of what community banks do, offering specialized services to different communities. They also explore the challenges and opportunities for community banks in partnering with fintechs, the importance of regulatory oversight, and the need for preparedness and education in the fintech industry. They touch on topics such as BSA/AML processes, broker deposits, backup banks, and potential future regulations. Takeaways Fintechs are an extension of what community banks do, offering specialized services to different communities. Community banks can benefit from partnering with fintechs to stay relevant and provide innovative solutions. Regulatory oversight is crucial in fintech-bank partnerships, especially in areas like BSA/AML processes. Fintechs should be prepared, educate themselves about the regulatory environment, and seek guidance from experienced professionals. Backup banks and contingency plans are important for fintechs and banks to ensure smooth transitions and protect end users. Future regulations may focus on areas like FBO accounts and broker deposits. Mentioned in this episode: Third-Party Relationships: Interagency Guidance on Risk Management: https://www.occ.gov/news-issuances/bulletins/2023/bulletin-2023-17.html  

Lee Easton, President of iDentify, shares his journey from the world of drones to helping financial institutions make sense of their data. He discusses the key data issues that banks are trying to solve, such as transaction monitoring and reconciliation. Lee also talks about the potential of cloud infrastructure and tools like Snowflake in improving data management in the banking industry. He envisions a future where major core providers are on Snowflake or similar platforms, enabling real-time data sharing and improving operations. Takeaways iDentify helps financial institutions solve key data issues such as transaction monitoring and reconciliation. Cloud infrastructure and tools like Snowflake can improve data management in the banking industry. Real-time data sharing can enhance fraud detection and risk management in banks. Moving away from file-based data exchange can reduce operational failures and improve efficiency. https://www.goidentify.com/ The Fintech Map

In this episode, Robert Keil and Jason Mikula discuss the state of Fintech and the impact it has had on the banking industry. They explore the successes and challenges of Fintech companies, particularly in the areas of consumer banking and lending. They also discuss the role of traditional banks in partnering with Fintechs and the potential for innovation and disruption in the industry. The conversation highlights the need for continued improvement in areas such as regulatory compliance, customer service, and the management of complex technology ecosystems. The conversation explores the challenges and risks of new banking business models, particularly in the context of banking as a service. It discusses the metrics and behaviors that can lead to unhealthy businesses, such as focusing on top-line revenue and ignoring profitability. It also highlights the importance of clear differentiation and understanding the customer segment when entering a competitive market. The conversation touches on the differences between European and US fintechs, including the regulatory frameworks and the benefits of starting as an e-money license before becoming a bank. It concludes with a discussion on the future of regulation in the fintech industry and the potential impact of upcoming elections. Be the first to get your hands on Jason's new book: Banking as a Service: Opportunities, Challenges, and Risks of New Banking Business Models - by Jason Mikula https://fintechbusinessweekly.substack.com/ Takeaways Fintech has brought about significant changes in the banking industry, particularly in consumer banking and lending. Fintechs have addressed issues such as high fees, clunky technology, and predatory lending practices that were prevalent in traditional banks. Partnerships between traditional banks and Fintechs have led to innovative solutions and improved customer experiences. However, there are challenges in areas such as regulatory compliance, customer service, and the management of complex technology ecosystems that need to be addressed. The role of VCs in funding Fintechs and their influence on the success or failure of these companies is a topic of discussion. Metrics that focus solely on top-line revenue can lead to unhealthy businesses. Clear differentiation and understanding of the customer segment are crucial when entering a competitive market. Starting as an e-money license before becoming a bank can provide a clear framework for fintech operations. The future of regulation in the fintech industry is uncertain, with potential changes depending on upcoming elections. Banking as a Service: Opportunities, Challenges, and Risks of New Banking Business Models - by Jason Mikula https://fintechbusinessweekly.substack.com/

Glenn Murray, Chief Strategy Officer at DreamFi, joins Nick Chiappetti on the FinWise EYE ON: FINTECH podcast. They discuss the purpose and mission of DreamFi, which is to provide financial inclusion and empower underserved communities. DreamFi aims to be a super platform that meets people where they are and helps them grow their credit, learn about financial literacy, and improve their relationship with money. They want to address the root causes of financial exclusion and provide a comprehensive range of services, including banking, lending, and investing. The conversation also touches on the importance of compliance, the need for innovation in the payments landscape, and the role of education in reaching the underserved market. Takeaways DreamFi aims to provide financial inclusion and empower underserved communities. They want to be a comprehensive super platform that meets people where they are and helps them grow their credit, learn about financial literacy, and improve their relationship with money. DreamFi addresses the root causes of financial exclusion and offers a range of services including banking, lending, and investing. Compliance and regulatory oversight are important in the financial industry to ensure consumer safety. Innovation in the payments landscape is necessary to provide better solutions for the underserved market. Education plays a crucial role in reaching and empowering underserved communities. https://www.linkedin.com/company/dreamfinancial/

In this episode of the EYE ON: FINTECH Podcast, Nathan Mills interviews Ryan Christiansen, the Executive Director of the Stena Center for Financial Technology at the University of Utah. They discuss Ryan's background and how he ended up in the fintech industry. They also talk about the mission of the Stena Center, which is to expand fintech and make Utah a major fintech hub globally. The center focuses on four program areas: academics, partnerships, venture funding, and an annual conference called fintechXchange. They also discuss the Xstudio incubator and the talented students involved in the program. The conversation explores the high engagement levels of students in fintech, the growth of Utah as a fintech hub, and the collaboration between banks and fintechs. The Stena Center is focused on building excellence in four programming areas: education, conferences, degree programs, and creating a fintech hub in Utah. Utah's financial services background, technological innovation, and collaborative approach contribute to its status as a fintech hub. The conversation also touches on the challenges and opportunities in the collaboration between banks and fintechs, as well as the need for clarity from regulators. Show links: Stena Center for Financial Technology fintechXstudio Fintech xChange Conference Stena Center on Linkedin Takeaways The Stena Center for Financial Technology at the University of Utah aims to expand fintech and make Utah a major fintech hub globally. The center focuses on four program areas: academics, partnerships, venture funding, and an annual conference called fintechXchange. The Xstudio incubator provides office space and support for early-stage fintech companies. The center works closely with students, who are passionate and talented in the fintech space. The goal is to develop a strong fintech hub in Utah and provide students with job opportunities in the industry. Students in fintech show high levels of engagement and are eager to network and attend conferences. Utah is emerging as a fintech hub due to its financial services background, technological innovation, and collaborative approach. Collaboration between banks and fintechs is increasing, with some banks acquiring fintech companies. Challenges in the collaboration include compliance with bank regulations and the need for more clarity from regulators.

Fintech & Bank Partnerships - Swipe Left or Swipe Right? In this podcast episode, Sarah Grotta, Deputy Chief Fintech Officer at FinWise Bank, interviews Alli Nilsen, Senior Strategic Partnerships Manager at Lithic, about creating successful working partnerships in the Fintech market. They discuss Alli's career journey, the current state of the Fintech market, the changing relationship between Fintechs and banks, and the challenges faced by Fintechs in finding balance sheet support. The conversation explores the idea that the current market cycle is not the first of its kind and draws parallels to a previous cycle from 2008 to 2014. It discusses the importance of oversight and awareness in preventing similar issues from recurring. The conversation also highlights the need for collaboration and forward-thinking in navigating the challenges of the market. The role of regulators and compliance in shaping the marketplace is emphasized, along with the value of constructive feedback and strong relationships with regulatory counterparts. Alli provides advice for Fintechs on how to make a good impression and find the right bank partner. Takeaways Building successful partnerships in the Fintech market requires self-awareness and finding a bank partner that aligns with your goals and values. The current environment has placed a magnifying glass on oversight, compliance, and regulatory review, which is healthy for the industry. Fintechs need to invest in compliance and regulatory risk management to be successful and attract bank partners. The current market cycle is not the first of its kind and can be seen as an iteration of a previous cycle. Oversight and awareness are crucial in preventing recurring issues. Collaboration and forward-thinking are essential in navigating the challenges of the market. Regulators and compliance play a significant role in shaping the marketplace. Constructive feedback and strong relationships with regulatory counterparts are valuable for growth and improvement. The relationship between Fintechs and banks is evolving, with Fintechs now looking for banks that provide oversight and support their growth. Finding the right bank partner requires a good personality fit and a basis of mutual respect for a long-term successful partnership. Fintechs should approach bank partnerships as a two-way interview, ensuring that the bank aligns with their needs and values. https://www.lithic.com/

Learn how to protect your company from data privacy fines In this episode, Sarah Grotta, Deputy Chief Fintech Officer at FinWise Bank, interviews David Ritter, CEO of Privacy Lock, about consumer data privacy and compliance with state and federal privacy laws. They discuss the role of Privacy Lock in helping businesses comply with data privacy laws like GDPR and CCPA. David shares his journey into the privacy industry and highlights the importance of privacy in the emerging technologies landscape. They also explore the trends in data privacy laws, the need for businesses to keep customer data private, and the potential fines for non-compliance. They touch on the federal open banking law and its implications for data privacy. David provides advice for businesses on implementing privacy programs and discusses lessons learned from enforcement actions in mature privacy markets like California and Europe. Takeaways Privacy Lock helps businesses comply with data privacy laws like GDPR and CCPA There is a clear trend of more states passing broad data privacy laws Businesses need to track and manage their customer data across its lifecycle Formalized consent processes and privacy request processes are required by law Enforcement actions in mature privacy markets have resulted in fines for non-compliance https://www.myprivacylock.io/

How to play your hand and have a winning card strategy   In this episode, Nick Chiappetti, VP Fintech Marketing & Partnerships at FinWise Bank, and Nathan Lemon, Head of Partnerships at IC Group, discuss the card manufacturing space and the considerations for fintechs when launching a card program.   Nathan highlights the different types of card manufacturers and their specialties, such as white glove manufacturing, domestic players, and large global players. He also emphasizes the importance of partnerships, realistic timelines, and quick decision-making in the card production process. He discusses trends in card design, including alternative materials, biometrics, and dynamic CVV codes. Additionally, he addresses the influence of international markets on US card programs and the continued relevance of physical cards in the fintech space.   Highlights Partnerships matter in the card manufacturing space and can impact the success and timeline of a fintech's card program. Fintechs should consider both digital and physical cards in their program strategy, as physical cards are still expected by most users. Quick decision-making and realistic timelines are important in the card production process to avoid design paralysis and delays. Trends in card design include alternative materials, biometrics, and dynamic CVV codes. International markets influence US card programs, and there is a growing focus on biometrics and multi-factor authentication. Physical cards will continue to be relevant in the fintech space, as they provide a tangible interaction with customers and establish trust.

What you need to know about SBA Lending from the Best in the Business In this episode, Jim Noone, president of FinWise Bank, interviews Yankie Markowitz, founding partner of Business Funding Group, about SBA loans. Yankie shares the background of SBA Loan Group and how they help business owners navigate the SBA loan process. They discuss the different SBA loan programs, including the 7A and 504 programs, and the eligibility criteria for each. They also highlight the importance of finding the right bank and setting realistic expectations for the loan process. The conversation covers the pros and cons of SBA loans, including the longer processing time and the need for thorough documentation. Jim and Yankie discuss the importance of having your financial reporting house in order when seeking financing for your business. They emphasize the need to have accurate and up-to-date tax returns, profit and loss statements, and other financial documents. They also highlight the significance of having a good credit score and reducing credit card utilization. The conversation covers various uses of funds, such as owner-occupied commercial real estate purchase, business acquisitions, and expansion funding. They also touch on the eligibility standards of the SBA and the importance of finding the right bank that understands your business and industry. Links mentioned in this episode: U.S. Small Business Administration. District office contact information by state:  https://www.sba.gov/about-sba/sba-locations/sba-district-offices National Association of Government Guaranteed Lenders (NAGGL): https://www.naggl.org/

Guidelines for putting together your compliance strategy. In this podcast episode, Kenzie Mexican, BSA Officer at FinWise Bank, interviews Jason Chorlins, Principal at Kaufman Rossin and financial services industry expert, about various topics related to compliance and risk management in the FinTech industry. They discuss the importance of compliance focus, managing third-party risk, mistakes in consumer card programs, monitoring complaints and Reg E, and reducing risk through risk assessment. Highlights Compliance should be a top priority for banks and FinTechs in order to stay in business and be profitable. Managing third-party risk is crucial, and it starts with understanding the requirements from interagency guidance and developing a third-party risk management program. Consumer card programs can be high-risk, and it's important to understand and address issues such as fraudulent identification, disputes, and compliance with applicable regulations. Monitoring complaints, including Reg E complaints, is essential for identifying areas of improvement and ensuring compliance. Reducing risk requires a thorough risk assessment, setting a risk appetite, and monitoring key risk indicators to take appropriate actions.

Insights from a former regulator and risk management guru on the current fintech environment. In this conversation, Robert Keil and Neepa Patel discuss the challenges and opportunities in the banking-fintech space, with a focus on compliance and regulatory action. They highlight the need for banks to become tech providers and build platforms that support bank-fintech relationships. They also discuss the importance of collaboration and knowledge sharing among banks to ensure compliance and mitigate risks.