Lithic

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.

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.

We’ve come a long way over the past 10 years. What began as a tool to help consumers shop online safely has grown to become one of the most prominent issuer processors, working with some of the biggest names in fintech. As we celebrate our 10th anniversary, we’ve looked back on the journey that led us here. Our team put together this carousel of milestones to highlight some of the amazing people, accomplishments, and memories we’ve encountered along the way. Thank you to everyone who has been a part of this journey so far, we look forward to many more years of building and growing Lithic together.

Being in the highly regulated financial industry, fintechs understand the importance of rules, regulations, and risk management. But for sponsor banks, it’s priority number one. In our latest guide, we spoke to several sponsor banks about what they look for in partners. Here’s what Barrett Hicken, SVP of Fintech Lending at Stride Bank, N.A. had to say: “A standout compliance management system is essential. It’s the foundation for mitigating risks that all banking institutions face. Given the regulatory oversight in our industry, we must navigate numerous risks that entrepreneurial Fintechs might overlook. With a seasoned management team, robust compliance processes, and a strong capital base, we’re committed to fostering successful, compliant partnerships.” Download the guide to learn what else sponsor banks are looking for and find out how to set yourself up for a successful bank partnership. Link in the comments.

Card programs need more than just basic transaction data. Without deeper insights into how cards are used, companies have a fragmented view of their expenses, making it difficult to manage costs effectively. Our latest release aims to change that. Lithic’s latest advancement in commercial payment solutions provides support for Level 2 (L2) and Level 3 (L3) enhanced commercial data. Our comprehensive solution captures detailed information on each transaction, providing businesses with the insights they need to optimize their spending and streamline their financial operations. Read our latest blog post to learn: The data points L2 and L3 data covers The value of enhanced commercial data The key features of Lithic’s L2 and L3 data support And most importantly, how you can get started. Link in the comments.

In case you missed it, we recently announced the launch of Fleet Cards on Lithic. With Lithic fleet cards, businesses can manage their fuel, maintenance, and other vehicle expenses efficiently through an advanced, open-loop card program customized specifically to meet complex fleet management needs. The program is packed with a number of features that help fleet companies better manage their expenses, streamline operations, and improve business outcomes: Flexible back office integrations Direct access to network innovations Customized decisioning Real-time transaction visibility and controls Enhanced fuel pump data Flexible card issuing Read the full blog post to learn how Lithic can help your company streamline fleet payments. Find the link to the post in the comments.

The nexus of fintech and climate tech is steadily becoming a bigger opportunity for innovation. Our latest podcast guest, RAVI S MIKKELSEN, co-founder and CEO of Atmos Financial, has a unique approach. Blending climate tech and fintech, Atmos offers sustainable banking solutions that empower consumers, businesses, and banks to drive positive climate impact. As the episode reveals, there’s much more product strategy at play than a simple “climate neobank.” Listen to the latest episode of Fintech Layer Cake to learn more about Atmos’ dual product strategy, how it facilitates bank deposits for clean energy financing, the different buckets and strategies for customer acquisition, and the opportunities for innovators at the nexus of fintech and climate. Link in the comments.