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In this episode, we speak to Lauren McCollom, SVP and Head of Embedded Finance at Grasshopper, a digital bank that started in 2019 with a charter from the OCC. Named in tribute to Grace Hopper, Grasshopper is focused on serving the innovation economy and small to medium-sized businesses. Lauren explains Grasshopper's business model, which includes direct business offerings, venture capital and private equity community services, and embedded finance partnerships. She delves into the importance of compliance and risk mitigation in establishing long-term, mutually beneficial partnerships with FinTechs. The conversation also covers Grasshopper's strategic hiring, the impact of AI, and the current state and future of embedded finance and financial inclusion.
By Fintech Compliance ChroniclesIn this episode, we speak to Lauren McCollom, SVP and Head of Embedded Finance at Grasshopper, a digital bank that started in 2019 with a charter from the OCC. Named in tribute to Grace Hopper, Grasshopper is focused on serving the innovation economy and small to medium-sized businesses. Lauren explains Grasshopper's business model, which includes direct business offerings, venture capital and private equity community services, and embedded finance partnerships. She delves into the importance of compliance and risk mitigation in establishing long-term, mutually beneficial partnerships with FinTechs. The conversation also covers Grasshopper's strategic hiring, the impact of AI, and the current state and future of embedded finance and financial inclusion.