Centre for Finance, Innovation and Technology (CFIT)’s Post

Kicking off the afternoon session in Stream A, Avinash S. of BGC Group, Eleanor Kelly of JPMorgan Chase & Co., Michael Talbert of Behavox and Nicholas Turner of Monzo Bank in a panel discussion titled ‘Optimising Regulatory Reporting: Adapting to the Ever-Increasing Focus on Data Quality, Report Completeness, and Accuracy’ #GRTS24 #FinTech #RegTech

For the second year in a row, Farther has been named to CB Insights' annual Fintech 100: a list of the top 100 most promising private fintech companies across the globe. Having been selected from tens of thousands of applicants, we are honored that CB Insights is highlighting our commitment to innovating the fintech landscape. We would also like to extend our congratulations to our friends at Arch and Wealth.com for their inclusion on this list. Learn more about the Fintech 100, and read the full list here: https://bit.ly/48n4HM5. #gofarther #wealthmanagement #wealthtech #financialadvisor #teamfarther #fintech100

The Consumer Financial Protection Bureau yesterday sued Capital One for "cheating" customers out of $2B, yet we hear no calls for Capital One to exit banking. Compare this to fintech companies, where missteps often trigger demands for their complete withdrawal from financial services. This double standard ignores that fintechs play an important role in delivering product choice to consumers. To name a few... Brex Chime Relay Rho Flex Instead of pushing fintechs out of financial services, we should focus on building clear rules and strong risk management frameworks. The future of banking lies in innovation and choice – not in consolidating financial services within the big banks. To do this, we need to stop relying on compliance theater, encourage public-private partnership when it comes to standard setting, and accept that real risk management is not the same as risk elimination. Coalition for Financial Ecosystem Standards #fintech #innovation #consumerchoice

With a new administration taking office in January, the U.S. has a unique chance to reimagine banking regulation—balancing innovation with system stability. 👏 Carey Ransom, president of Operate and managing director of BankTech Ventures, explores why small banks—which make up the majority of U.S. financial institutions—are ideally positioned to serve as innovation laborites within the regulated banking system. Their deep community relations and local presence, make them the perfect testing grounds for new financial products. The surge in fintech partnerships and non-bank credit funds demonstrates the strong market demand for financial innovation. Rather than forcing this innovation into less regulated spaces, Ransom suggests we could channel it through the existing network of community banks—combining the security of regulated banking with the dynamism of financial innovation. Want to read more about Ransom’s insights and his vision for a new regulatory approach? Catch the full article here: https://lnkd.in/gw6tyNwT #FintechNews #Fintech #Banking #Banktech #BankingInnovation #CommunityBanks #FinancialRegulation #Innovation

Wealth Access, Inc. CEO David Benskin recently had the privilege of speaking at the Bank of America FinTech Private Company Conference 2024 in New York. David discussed the necessity of integrating technology and providing a seamless client experience to truly capitalize on the wealth management growth opportunity. It's clear that wealth management is becoming a cornerstone of strategic agendas for regional banks, offering stable fee income and the chance to consolidate client relationships. #WealthManagement #FinTech #WealthAccess #BankofAmerica #FinancialIndustry #ClientExperience #IntegratedTech #OneWealth #DigitalBanking #BOAConference2024

📅 Happening NOW in Washington, D.C.! Bates Group Fintech & Banking Director Jason Fitch is connecting with industry leaders at the American Fintech Council Policy Summit 2024! 💻 We're thrilled to be part of these energizing discussions where fintech innovators, policy experts, and government officials are coming together to shape the future of financial technology in the US. Are you attending? Drop a comment below - we'd love to chat! 🤝 #Fintech #FinancialServices #AFC #BatesGroup

Barclays has become the latest organisation to partner with FinTech Wales, the independent membership association dedicated to supporting the FinTech and Financial Services industry in Wales. Barclays joins a group of 11 partners that provide substantial support to FinTech Wales’ mission to empower Wales as a globally recognised hub of fintech excellence. https://lnkd.in/gVV7abDN #fintech #wales

Breaking Up Is Hard To Do! Please join leading industry experts for a live discussion as we discuss Bank-Fintech partnerships in times of stress! ***Thursday, June 27th at 3pm ET*** Register Now: https://lnkd.in/eFNTRVv9 In conjunction with our partners at Davis Wright Tremaine LLP we are happy to bring you our latest Future of Finance Webinar featuring Ryan Richardson, Amy M. Pugh, General Counsel at Green Dot Corporation, Jason Cave of Piedmont Risk Advisors and Dafna Dothan, Chief Risk Officer at Cross River moderated by Bradford Hardin, Partner at #DWT! Bank #partnerships are a critical component of the #fintech ecosystem and infrastructure. Like all relationships, banks and fintech companies require communication, sustained work and attention as both parties seek to innovate and access new markets together. Our latest webinar will address how to approach bank-fintech partnerships, including contractual considerations, respecting regulatory perimeter, choosing the right partner, and technical integration. Subject matter experts will share insight on the nuances of third party relationships, particularly when they unfortunately begin to sour, and parties must part ways.

DISAPPOINTMENT! It's disappointing to see that so many leaders in banking feel constrained by the fear of career repercussions. This fear stifles creativity and progress, making it difficult for banks to adapt and thrive in a rapidly changing environment. However, there are solutions available that can help mitigate these risks and foster a more innovative culture. 📽️ Discover how SaaScada's solutions can help de-risk innovation in the banking sector by watching this insightful video: https://lnkd.in/dGVZDqSE Feel free to reach out to me directly on LinkedIn. #corebanking #cloudbanking #bankingtechnology #fintech #datadrivencore #agileinnovation 🚀

It's a sad state of affairs when blame culture overrides innovation. We've all been there at one time or another - putting your head above the parapet to advocate for a great new product or a better customer experience. I've been very fortunate to work with supportive forward-thinking leaders who have taken a balanced view of risk vs reward in the pursuit of delivering for the customer (and the business). Clearly, our research shows that most innovation leaders aren't that fortunate, so they need a way of de-risking innovation. Perhaps SaaScada can help?