FinWise EYE ON:

Innovation, Personalization and the Future of Financial Services with Colton Pond, CMO at LoanPro

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/

Banking on the Future: Conversations from FinTech Meetup 2025

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

Navigating the Fintech Regulatory Landscape with Phil Goldfeder, CEO of the American Fintech Council

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.

Card Trends Unveiled: Insights with David Shipper of Datos Insights

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
 
 

Alex Johnson Decodes Financial Nihilism, AI, and the Future of Banking.

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
 

Credit Card Innovation and FinTech Trends: A Deep Dive with Sunil Singh, CEO of Tallied

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 Tallied01:06 Sunil's Journey in Fintech05:07 Founding Tallied: The Spark and Vision10:09 Building and Partnering in Fintech12:04 Navigating Challenges in the Fintech Landscape31:12 The Future of Fintech and AI39:38 Opportunities for Tallied and Final Thoughts

The Evolving Role of Sponsor Banks in Fintech with Visa's Brittany Decker

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 Podcast01:05 Guest Introduction: Brittany Decker from Visa01:29 Brittany's Journey in Financial Services04:35 Visa's Role in the Fintech Space05:20 The Evolution of Prepaid and Financial Inclusion11:25 Trends in the Sponsorship Bank Ecosystem13:34 Innovations in Financial Inclusion24:37 Future Trends and AI in Financial Services29:27 Opportunities in Small and Middle Market Businesses37:02 Conclusion and Final Thoughts

FinWise Team 2024 Year in Review

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.