Breaking Banks

In This Episode

Opening Minds and changing legacy behaviors can be challenging. This week JP Nicols connects with Jim Perry, Senior Strategist, Market Insights about new perspectives young cohorts bring to money in the digital age, not just in practice but in ways the industry can better align its leadership with today's general demographics. Rechanneling, retooling and meeting customers where they are today, to better represent our ecosystem, across the entire spectrum, can make for a more engaged workforce and help financial institutions stay relevant. By setting the bar where it needs to be, bringing value through DEI and sharing different perspectives, financial institutions can also increase stickiness in customer relationships.

Then, JP continues the thread of new perspectives and ways of doing things in his recent conversation with Brandon Spear, CEO, TreviPay. When it comes to trade credit for business customers, and the associated complexity that is inherent in the B2B space with multiple stakeholders, applying some B2C principles to B2B can make for a better payment experience, easing and expediting business across geographies, systems and risk profiles.

https://www.youtube.com/watch?v=J2lxAgRFtVU

In This Episode

Want to wow your family over the holidays with your fintech and banking knowledge? We offer a helpful primer for Thanksgiving table conversations as Breaking Banks' Jason Henrichs gathers with industry notables and friends Kiah Haslett, Bank Director; Alex Johnson. Fintech Takes; Jason Mikula, Fintech Business Weekly; and Mary Wisniewski, Cornerstone Advisors to talk banking turkey, give thanks, and share the nerd things they'll be talking about around their dinner tables.

Happy Thanksgiving from Breaking Banks!

In This Episode

Regulators are bringing it, market pressures are adding to it and Jason Henrichs and Alex Johnson are jumping right in on Open Banking US with the Ghost Pepper hot sauce. Listen as the dynamic duo decipher the proposed 1033 ruling from CFPB, what it means for financial institutions and consumers, who owns transaction data, how it can be used, and how the sharing of data lakes would enable mutual relationships and better financial decisions. Efforts are underway to bring clarity to the market and while Open Banking US applies to financial institutions, it will also affect big tech with all the data and information they have on us (i.e. Amazon and Apple), and anyone who offers a credit card and digital wallet. How does BNPL fit into the mix? It's another hot take from Breaking Banks.

Then, JP Nicols interviews Kevin Hart, CEO of Green Check, about the challenges for banks and credit unions to compliantly and profitably serve cannabis-related businesses (CRBs). Cannabis is legal in nearly half the states, so CRBs have lots of dollars looking for a home, and are popping up in more and more locations. Cannabis is not legal at the federal level, so banking these businesses involves understanding sticky details in licensing requirements, state guidelines, and state specific programs the require extensive monitoring.

https://youtu.be/ukr4LtdM-dM

In This Episode

This week join Brett King as he discusses the latest research from a newly released study on expectations vs reality in financial services. It's an enlightening conversation with DeAndre Jones, Chief Client Officer, FIS Banking Solutions and John Stuckey, Senior Director, Product, FIS Retail Solutions exploring the priorities of consumers when choosing financial services providers, the priorities of financial services executives in where they are investing for future innovation, and the points of alignment and misalignment between the two populations.

Then we learn how Clear is expanding beyond the airport and into fintech, just to be 'clear' airports are where they proved out their thesis around secure identity and what it does to unlock experiences, now they are bringing learnings into the digital space. Digital identity is a hot topic, and financial services is a great space in which to play. It's an interesting segment with host JP Nicols and Derek Gottfrid, Chief Product Officer, there's definitely a 'clear' opportunity (sorry, couldn't resist) in financial services.

Enjoy the episode!

https://youtu.be/6bl5fC-cBMc

In This Episode

Join Jason Henrichs as he speaks with Matt Wilcox, President, Digital Payments and Data Aggregation, Fiserv; Raja Chakravorti, Universal Access Lead, Plaid and Aly Yarris, Financial Access, Partnerships at Plaid about Open Banking today, how banks might want to approach it. Our guests give a quick lay of the land in digital finance right now, talking about data, data sharing and privacy, ownership, the importance of secure connectivity, access points and APIs, Addressing growing consumer demand to access their financial information when, where and how they want, Fiserv and Plaid recently announced an agreement to enable secure connectivity to allow consumers to do just that -- share their financial information with the third-party financial apps and services of their choice working with established connections and key infrastructure. It's an informative segment with relevancy for banks of all sizes.

Then JP Nicols connects with Scarlett Sieber, Chief Strategy & Growth Officer at M20/20 to talk about themes and highlights from this year's gathering. The duo, and the event, cover a wide range of topics from AI (no surprise!) to RegTech,specifically Open or Connected Banking under the CFPBs 1033, Digital Wallets and Small Business Payments while touching upon keynotes and fireside chats with Regulators, ex-Regulators and Senators. Another epic event!

Be sure to move this episode to the top of your list!

https://youtu.be/0Q17TGMhl10

In This Episode

This week we feature the second of a three part series focusing on fintech visionaries reimagining the future of finance.  In today's first segment, Brett King and JP Nicols are joined by Solana Cozzo, Head of Mastercard Advisors Business Development for Latin America and the Caribbean, and Mariana Franza, Chief Operating Officer at Ualá. Ualá, an Argentine fintech company, partnered with Mastercard to offer users an innovative and integrated digital experience with convenient and lower-cost services than other alternatives. Argentina has a large unbanked and underbanked population, and Uala has quite a story to tell with 5.5 million customers in 5 years and the ability to meet customers where they are and how they want to engage. It's another interesting segment in the series spotlighting the benefits of partnership and empowering partners to disrupt, revolutionize and grow with agility and speed where there is need. Smart decisions with positive outcomes.

Then we travel with Brett to Kazakhstan, the ninth largest country in the world, to hear from one of their fintechs, Wooppay, and its Chief Compliance Officer, Yuliya Salekhova about what Wooppay is doing to drive innovation forward in the country. The first in mobile financial services in Kazakhstan, Wooppay has an unique place and story. Listen as Brett and Yuliya discuss Wooppay's wallet ecosystem and the future of payments.

Innovators from around the world reimagining the world of finance

https://www.youtube.com/watch?v=dFXypoFG4Ww

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It's Fintech on Fire, and more Hot Takes from MX's Money Experience Summit in Las Vegas. This episode features three bold panelists eager to tackle hot questions and even hotter wings! For every question and hot take, our panelists Mary Wisniewski, Editor-at-Large, Cornerstone Advisors; Neff Hudson, Trusted Leader in Transformation Change, Castle Hills Consulting, retired USAA veteran (pun intended); and Wes Hummel, CTO, MX will join host, moderator and spice aficionado Jason Henrichs in eating progressively spicier chicken wings. The discussion is hot and the sauces bring out some honest and entertaining reactions. It's another Hot Takes hot session as they look to the future and work up to MXtreme's secret sauce!

https://youtu.be/ymHut7J6cIc

In This Episode

In this week's episode of Breaking Banks, Brett King engages in an informative and dynamic discussion with Jonathan Anastasia, EVP, Crypto & Security Innovation, Mastercard and Mike Coscetta, Head of Revenue at Paxos Trust Company about why financial leaders should be investing in blockchain now. It's a watershed moment for stablecoins and an opportunity to extend the benefits of blockchain technology to the realm of traditional finance and everyday transactions while ensuring integrity and security for customers. The trio cover it all -- the state of the market today, the volatility, regulatory outlook and crackdown, international trends vs that in the US, growth in crypto in LATAM & other regions -- and then dive in to their partnership, Crypto Source, sharing their vision for crypto in banking, what it means for the industry and how easy it is for banks to turn on, safely and compliantly, while being in control. With banks unlocking crypto, what does it mean for the future of finance? Listen to find out, now's the time!

https://www.youtube.com/watch?v=fK1pUXA_2Nw

In This Episode

Jennifer Sertl, Founder Agility3R, hosts a dynamic panel at SIBOS 2023 with the dream team of Dr. Leda Glyptis, #LedaWrites; Tom Zschach, CIO, SWIFT; and Brett King, certainly no introduction needed here!, sitting in the panelists seats for Innotribe's Future of Money. We're in the midst of a transition, money historically has been the universal medium of exchange, a unit that signifies worth. As we venture deeper into the 21st century, the notion has been broadened and reshaped with tech advances, decentralized finance and other digital assets changing the concept of money and challenging the essence of value exchange. This transition extends to how value is perceived, created and distributed. It's the last of its class ... next year it's the Future of Value!

https://youtu.be/r7dNA12VmyA

In This Episode

This week we feature the first of a three part series focusing on fintech visionaries reimagining the future of finance. In the first segment host Brett King connects with Mariam Ogunbambi, Chief Client Officer at Engine by Starling, the technology arm of Starling Bank and Bronwyn Francis, SVP, Advisors Business Development, Mastercard. Starling Bank, as many of you know, is Britain’s first digital bank, a true fintech success story. Engine is the platform that powers Starling and is now being provided to banks globally as a Software-as-a-Service solution to help them innovate, digitally transform or launch new digital offerings in their own markets, offering the opportunity to keep up with the pace of change and chance to replicate some of the Starling Bank magic. It's an interesting first segment in this special series!

Then, it's time for some more Hot Takes! This time, Fintech on Fire live from MX's Money Experience Summit in Las Vegas. We have three bold panelists eager to tackle hot questions and even hotter wings. For every question and hot take, our panelists Mary Wisniewski, Neff Hudson and Wes Hummel will join Jason Henrichs in eating progressively spicier chicken wings. These hot sauces are guaranteed to bring out some honest and entertaining reactions. It's another Hot Takes hot session!

https://youtu.be/c2rTN9sQiCY