Matthew Goldman (founder of Totavi and author of CardsFTW) joins Alex and Jason to talk through the never-ending challenges of banking-as-a-service, why Evolve hasn’t managed to earn itself a consent order yet, and the growing complexity of BaaS thanks to middleware platforms.

The trio then talk about the eternal struggle over interchange fees and why most of the rhetoric around the issue is wrong before quickly touching on Varo’s new P2P payments feature and Affirm’s planned subscription service.

Plus, stay tuned as the guys delve into the sad end of the NFT era. Alas, poor Bored Apes, we knew them well!

And if you're attending Money 2020, be sure to catch Alex and Jason in person!

00:00:00 - Fintech Recap Returns with Jason Mikula and special guest Matthew Goldman

00:02:50 - The Challenges of Banking-as-a-Service

00:08:55 - Rapid Growth in BaaS

00:18:29 - Visa and Mastercard Increase Interchange Fees

00:22:19 - The Cost of Accepting Payments

00:26:54 - KLM Implements Credit Card Surcharge

00:32:08 - Varro's New Product: P2P Payments

00:37:59 - Affirm Tests Subscription-Based Loan Service

00:43:42 - The Rise and Fall of NFTs

Sign up for Alex’s Fintech Takes newsletter for the latest insightful analysis on fintech trends, along with a heaping pile of pop culture references and copious footnotes. Every Monday and Thursday: https://workweek.com/brand/fintech-takes/

And for more exclusive insider content, don’t forget to check out my YouTube page.

Attend Money 2020 here.

Follow Matthew: 

LinkedIn: https://www.linkedin.com/in/matthewgoldman/

Follow Jason:

Newsletter: https://fintechbusinessweekly.substack.com/

LinkedIn: https://www.linkedin.com/in/jasonmikula/

Follow Alex: 

YouTube: https://www.youtube.com/channel/UCJgfH47QEwbQmkQlz1V9rQA/videos

LinkedIn: https://www.linkedin.com/in/alexhjohnson

Twitter: https://www.twitter.com/AlexH_Johnson  

00:00:00 - Fintech Recap Returns with Jason Micula

00:02:50 - The Challenges of Banking as a Service

00:08:55 - Goldman Evolve's Rapid Program Expansion

00:18:29 - Visa and Mashcard Increase Interchange

00:22:19 - The Cost of Accepting Payments

00:26:54 - KLM Implements Credit Card Surcharge

00:32:08 - Varro's New Product: P2P Payments

00:37:59 - Firm Tests Subscription-Based Loan Service

00:43:42 - The Rise and Fall of NFTs

Sign up for Alex’s Fintech Takes newsletter for the latest insightful analysis on fintech trends, along with a heaping pile of pop culture references and copious footnotes. Every Monday and Thursday: https://workweek.com/brand/fintech-takes/

And for more exclusive insider content, don’t forget to check out my YouTube page.

Attend Money 2020 here.

Follow Matthew: 

LinkedIn: https://www.linkedin.com/in/matthewgoldman/

Follow Jason:

Newsletter: https://fintechbusinessweekly.substack.com/

LinkedIn: https://www.linkedin.com/in/jasonmikula/

Follow Alex: 

YouTube: https://www.youtube.com/channel/UCJgfH47QEwbQmkQlz1V9rQA/videos

LinkedIn: https://www.linkedin.com/in/alexhjohnson

Twitter: https://www.twitter.com/AlexH_Johnson  

All rights reserved. Crowe LLP, a member of Crowe Global, a Swiss verein. For more information, please visit www.crowe.com/fintech