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
The Financial Revolutionist’s Post
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OBL Trustee, Marion King, comments: “JROC’s call for views on the design of the Future Entity sets out recommendations for a future entity that will help unlock open banking’s full potential. This entity will play a pivotal role in the long term regulatory framework and will continue to have the public good at its heart as we move to a more commercially sustainable model. We must seize this opportunity to define the future of open banking in the UK, leveraging the collective expertise of OBL, the ecosystem, and industry stakeholders.” https://lnkd.in/eAKFEKSf #openbanking #publicgood #fintech #innovation #smartdata
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In recent years, community banks have explored innovative approaches to provide high-quality financial services and products to their customers, often partnering with nonbank companies, including financial technology companies, or fintechs, to access new technologies and resources. In such partnerships, a fintech provides its end customers with access to a bank’s products and services. While these partnership arrangements vary, they commonly facilitate deposit-taking, payments services, and lending activities. This article provides an overview of the Federal Reserve’s supervisory approach to complex bank–fintech partnerships and discusses common risk factors associated with them. https://bit.ly/4hQTwzu #CommunityBankingConnections #CommunityBanks #FintechPartnerships
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Our Head of Strategy and Corporate Development Hillel Olivestone spoke with Bank Director’s Kiah Lau Haslett about our compliance-first approach to our banking-as-service tech stack for FinXTech. Read her piece about how banks are approaching these platforms here: https://lnkd.in/gPDajJPA #baas #banking #fintech
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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
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Built with bank-level security and thoroughly tested software systems at its core, Pulse is helping market-leading fintech lenders solidify their position in the market. For a perspective on Pulse from David Barley, Head of Risk at Nucleus Commercial Finance, check out his thoughts attached 🛡️ Learn more about our approach to security with Open Banking: https://loom.ly/wf5cRNQ #openbanking #fintechlenders #fintech
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🚀 Breaking News! 🚀 #OpenBanking in the UK just hit 10 million users! 🎉 This milestone marks a new era in financial innovation and user empowerment. Are you part of the open banking revolution? 💡 #Fintech #Innovation #FinanceRevolution #UKFinance - 40 more news today at youtube.com/@baypayforum
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Head of Marketing at Datactics | Strategy | Startups | Product Marketing | Analyst Relations
This is a good read. The Financial Services Compensation Scheme is a fairly rare regulation in that it is extremely specific about the data it measures, making the jump from regulation to data rule a smaller one than those more open to interpretation. However, the nature of many firms under the regulation, often formed by merger and acquisition and approaching digital transformation in a range of differing ways, means that getting the data to the rules is often a sizeable challange. John Carroll's blog gets to the heart of the matter - fostering a culture of data excellence that values data accuracy, consistency, and transparency - so thank you John, and also techUK for hosting this blog. #techukfintech
🏦 Day 3 of #techUKFinTech week and its time to explore utilising open banking! We invite you to take a read of our first blog by John Carroll, Datactics, exploring how banks can turn data management from a regulatory burden into a strategic asset 📈 https://lnkd.in/dMgrr4hU We're half way through the week, have you had chance to look at our blogs so far? https://lnkd.in/gyC6Eru3 ________ Andy Thornley Ella Gago-Brookes #techUKFinancialServices #UKFinance #Regulation #OpenBanking _______ 🌱 𝗝𝗼𝗶𝗻 𝗼𝘂𝗿 𝘁𝗲𝗰𝗵 𝗰𝗼𝗺𝗺𝘂𝗻𝗶𝘁𝘆 🌍 https://ow.ly/lGGE50ScPUU
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🚀 Breaking News! 🚀 #OpenBanking in the UK just hit 10 million users! 🎉 This milestone marks a new era in financial innovation and user empowerment. Are you part of the open banking revolution? 💡 #Fintech #Innovation #FinanceRevolution #UKFinance - 40 more news today at youtube.com/@baypayforum
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🎉 The wait is almost over! Tonight, we celebrate excellence in banking and fintech at the Banking Tech Awards 2025! 🏆✨ 🎥 Check out our video of what you can expect later today 👇 #BankingTechAwards #Innovation #FinTech
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Are banks ready to embrace the platform economy and ride the wave of innovation? 🌐 In part 1 of her series, Mun Tham, Industry Advisor, Banking at Zafin, delves into the transformative power of the platform economy and its implications for the banking sector. As industries evolve at an unprecedented pace, banks face a critical choice: adapt or fall behind. ✨ Key Insights: 💡 Understanding the shift from linear to platform-based business models. 💡 Navigating the challenges of compressed margins and regulation. 💡 Leveraging partnerships with fintechs for innovative solutions. 📖 Read the full blog to discover actionable steps for thriving in a rapidly changing industry: https://lnkd.in/ePYSCYge Want to continue the conversation? We're discussing this and more at our Banking Product Summit, happening this Thursday, Nov. 21st in London, UK 🇬🇧! Click here for more info: https://lnkd.in/eUTMatsw Look forward to seeing you there! #BankingInnovation #PlatformEconomy #Fintech #DigitalTransformation #FutureBanking
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