New Session Announcement: Fintechs and their Banks are in a Relationship...And it’s Complicated
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.
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