Lithic

Ready for Money20/20 2024? It’s right around the corner, and we’ll be there! Our Lithic payments experts are excited to connect with you October 27-30 in Las Vegas, and chat through: • How to add new card products • What is missing from your current payments setup • Lithic's latest innovations …and more.   🤝 Let's meet up! Here are two easy ways to connect: • Visit us at booth 2836 • Schedule a one-on-one meeting with a Lithic payments expert at Money20/20 (link in comments) We can't wait to see you in Vegas!

Tune into the latest episode of Fintech Takes podcast to hear from our very own Lithic Risk Lead Marcus Vinson. Marcus joins Fintech Takes host Alex Johnson and Corey Besaw, Ubiquity’s President of APAC and co-founder to discuss: ➡️ What his past experience was like as Chime’s first-ever fraud manager in 2017  ➡️ How fintechs can successfully balance in-house and outsourced teams ➡️ Why it’s crucial to go all in on data-driven fraud protection early on And that’s just a small sample. Listen to the full conversation in the comments below. 

ICYMI: Lithic's Summer Product Update covered some of the game-changing features we shipped over summer, including: ➡️ Fleet cards ➡️ Token management API ➡️ Enhanced commercial card data ➡️ Card shipping detail webhooks ➡️ KYB document uploading via API And that’s not all. You’ll get an inside look at our latest guides, podcasts, and more. Check it out in the comments below. ⬇️

Thinking about transitioning to a new issuer processor? Navigating this change can be complex, but it doesn't have to be overwhelming. Fortunately, our comprehensive guide can help you make the switch seamlessly. Curious about what it takes? Download our free step-by-step resource and chart your path to better payment processing in the comments below. 

At Lithic, we view banking partnerships as a long-term investment and a critical component to success. When building payment programs together, both parties should be invested in each other's success. But for that to happen, the relationship must be built on strong foundations and, most importantly, trust. We recently had the chance to speak with Column. Here’s their take on what’s behind healthy bank relationships: “Trust is key to a healthy bank relationship, and these partnerships need to be viewed as an infrastructure investment. The right bank partner, which can support your program’s unique characteristics and ideally your future products, is critical to your ability to scale long-term and differentiate in the market. “Showing that you’ve successfully operated a program before and that you have a strong risk and compliance setup will position you well as you explore direct bank relationships. The good news is that you and your bank should have aligned incentives to create a fully compliant and scalable program - all of which lays the groundwork for partnering with your bank on future iterations and product expansions.” To learn what sponsor banks are looking for in fintech partners, download our latest guide, “How to Go Direct to a Sponsor Bank.” It features quotes from a number of other sponsor banks, a step-by-step walkthrough of the direct-to-bank process, best practices, and more. Find the link in the comments.

Heading to Money20/20 in October? So are we! From October 27-30, Lithic’s payments experts will be there in Las Vegas. Whether you’re looking to add a new card product, talk through challenges with your current payments setup, or just interested in learning more about what we’re doing at Lithic, we’re looking forward to seeing you. Swing by booth 2836 or use the link in the comments to schedule a meeting with one of our team members.

What key metric drives a sponsor bank? And is it better to focus on bank partner redundancy, or invest in fewer, higher quality bank partnerships? On the latest episode of Fintech Layer Cake, our host, Reginald (Reggie) Young Young, sits down with Saira Rahman, VP of New Investor Initiatives at Fundrise to cover these questions. They also discuss: Insights from Saira’s time leading finance at HMBradley How net interest margin strategies vary across banks What good user research entails The Finance function at a fintech vs bank Fundrise’s product strategies And more. Tune in for unique insights from Saira’s experiences at both traditional banks and fintech startups. Link in the comments.

We recently hosted a group of summer interns from one of our investors, Teamworthy Ventures, in our NY office. They had a chance to shadow some of our employees, learn what a day at Lithic looks like, and check out some of the projects we have in the works. It was a pleasure hosting them and we hope this visit inspires a career in fintech! Thank you, Diego Garcia-Camargo, Austin Murphy, Andrew Hutchison, Christian Carbeau, and Elise Kait!

Lithic is now in Canada! We’re bringing multicurrency processing to the Canadian market, empowering card programs to build and scale in Canada. Whether you’re a Canadian fintech or a US card program looking to expand into Canada, we’re here to support your growth. #fintech #Canada #Innovation Read the full press release: https://lnkd.in/emqg9AcN

On the latest episode of Fintech Layer Cake, host Reginald (Reggie) Young Young sits down with one of fintech’s sharpest thinkers. Renowned author of the Fintech Brainfood newsletter and host of the Fintech Brainfood podcast, this guest is none other than Simon Taylor, Head of Strategy and Content at Sardine. In this long-awaited episode, Simon discusses: Why headless banking is the future Lessons from the UK's fintech scene The personal reason he cares about fighting fraud How he got into fintech How Sardine fights growing fraud And more. The episode is packed with forward-thinking perspectives, practical strategies, and a look into the future of fintech. Visit the link to listen to the full episode.