Fintechs and their Banks are in a Relationship...And it’s Complicated
Presentation Date & Time:
Date: May 16th - 18th
Time: TBD
Presenter Information:
Name: Chris Uriarte
Organization: Glenbrook
Presentation Description:
Chris Uriarte, Partner at Glenbrook, explores the complex relationship that exists between fintechs and their sponsor banks in today’s complex, dynamic environment. As the fintech market continues to grow, banks who are entrenched within the fintech space are doing their best to keep up, fintechs are struggling to comply with new requirements and traditional leaders in the banking market are trying to elbow their way into the space. All of this has led to complexities across all stages of fintech-bank relationship lifecycle.
This presentation will discuss 1. Understanding the complexities around how banks are viewing fintechs when considering relationships. 2. The increasing compliance burden and risk sharing models that are being utilized. 3. Complexities related to the evolving nature of fintech use cases and new product deployments, and how banks are reacting. 4. The challenges that are faced when fintechs are serving other fintechs. 5. Overview of the increasingly complex regulatory landscape influencing the sponsor banking landscape. 6. Recommendations for fintechs as to how they can best be prepared for engaging with sponsor banks. 7. Recommendations for fintechs and banks as to how they can best establish healthy, long-term relationships.
Presentation Date & Time:
Date: May 16th - 18th
Time: TBD
Presenter Information:
Name: Chris Uriarte
Organization: Glenbrook
Presentation Description:
Chris Uriarte, Partner at Glenbrook, explores the complex relationship that exists between fintechs and their sponsor banks in today’s complex, dynamic environment. As the fintech market continues to grow, banks who are entrenched within the fintech space are doing their best to keep up, fintechs are struggling to comply with new requirements and traditional leaders in the banking market are trying to elbow their way into the space. All of this has led to complexities across all stages of fintech-bank relationship lifecycle.
This presentation will discuss 1. Understanding the complexities around how banks are viewing fintechs when considering relationships. 2. The increasing compliance burden and risk sharing models that are being utilized. 3. Complexities related to the evolving nature of fintech use cases and new product deployments, and how banks are reacting. 4. The challenges that are faced when fintechs are serving other fintechs. 5. Overview of the increasingly complex regulatory landscape influencing the sponsor banking landscape. 6. Recommendations for fintechs as to how they can best be prepared for engaging with sponsor banks. 7. Recommendations for fintechs and banks as to how they can best establish healthy, long-term relationships.
Chris Uriarte Biography
Chris Uriarte is a Partner at Glenbrook, the global payments advisory firm. He has over 25 years experience as an executive, consultant and entrepreneur within the fintech, payments and banking industries. His expertise lies in global payments, risk management, payments technology, new product development and payments operations.
Prior to joining Glenbrook he held a number of executive positions with startups, financial institutions and Fortune 100 companies. He was previously the CIO and SVP of Data Sciences and Technology at Acima, a $2.5 billion fintech, and a corporate officer of the company's parent, Rent-A-Center Corporation. He served as the SVP of International Operations and Implementations for American Express Company, where he was responsible for global product deployments across five continents. He was a CIO and Global Consulting Practice Leader at Aon, the world's largest professional services firm focused on risk management. He served as the Chief Payments and Strategy Officer at Vesta Corporation, a global provider of payment and risk management services. He was the founding CTO of Retail Decisions, a payments and risk management service provider, which he guided through its IPO, sale to private equity and eventual acquisition by ACI Corporation. Chris has also served as a board member and advisor to numerous industry organizations, fintech and technology companies.
Chris works closely with a number of providers in the payments and fintech ecosystem, including card networks, banks, private equity firms, service providers and startups.
Prior to joining Glenbrook he held a number of executive positions with startups, financial institutions and Fortune 100 companies. He was previously the CIO and SVP of Data Sciences and Technology at Acima, a $2.5 billion fintech, and a corporate officer of the company's parent, Rent-A-Center Corporation. He served as the SVP of International Operations and Implementations for American Express Company, where he was responsible for global product deployments across five continents. He was a CIO and Global Consulting Practice Leader at Aon, the world's largest professional services firm focused on risk management. He served as the Chief Payments and Strategy Officer at Vesta Corporation, a global provider of payment and risk management services. He was the founding CTO of Retail Decisions, a payments and risk management service provider, which he guided through its IPO, sale to private equity and eventual acquisition by ACI Corporation. Chris has also served as a board member and advisor to numerous industry organizations, fintech and technology companies.
Chris works closely with a number of providers in the payments and fintech ecosystem, including card networks, banks, private equity firms, service providers and startups.
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