Fintech Meetup 2024:  Coming together to get things done

by kim Comment Closed
The last couple of days at Fintech Meetup were intense and well worth the time to attend.  Like other fintech conferences, innovation was a theme brought out in the keynotes and the engaging discussions across the panels.  The aspect of this conference that stands out from any other is its 1:1 meeting program.  Conference attendees participate in back-to-back, carefully curated 15-minute meetings with people who want to collaborate.  This is a roll-up-your-sleeves conference where attendees come together to make things happen!  It was outstanding! Here are some themes that emerged from the many conversations: Fintechs are continuing to modernize small business lending and provide access to capital for underserved businesses that have been traditionally overlooked by the banking system because of the cost to serve.  Using technology to automatically access accounting data is not new – but there have been advancements in technology to process disparate data and a wider ability for lenders to access business sales data by tapping into payment...
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New frontiers in compliance automation that can strengthen FinTech – Partner Bank relationships under fire

by kim Comment Closed
November 5, 2022 Money 20/20 is one of the biggest events in financial services, blending all things digital across banking and FinTech. Despite economic and market uncertainty, this year’s event held last week in Las Vegas, brought energy and optimism that could only be described as infectious.   Over 11,500 registered attendees convened at the Venetian to explore new developments in the industry and challenge the status quo.  A major theme of the conference was the need for the industry to strengthen and prove the governance function between FinTechs and their Bank partners, coupled with the availability of automated tools and techniques to support these relationships and their overall risk management functions that benefit FinTechs and Bank partners alike. Here are some takeaways related to this theme from Money 20/20 this year:  FinTechs continue to need access to a Bank’s charter to move money and/or provide financial services under the watchful eyes of regulators who monitor compliance with KYC, AML, BSA, fraud monitoring, OFAC screening, UDAAP, fair...
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