Embedded BaaS Partnerships for startups, mid-size, enterprises | Launched a #fintech resource center for founders & product teams (est. 2017) @FinTechtris
🚨 #Fintech community (founders, operators, and those that are new to the field): key regulators in the US recently collaborated in a discussion on #bank fintech #partnerships
Here are the key takeaways (a 🧵):
Lots of different routes to take this discussion on risk, partnerships, and sponsor bank relationships in the US.
Follow me (here and on LinkedIn), and @FinTechtris (we have a newsletter I’m bringing back soon) for more industry content and updates.
https://t.co/QtD6qvCZaG
💪 As more providers & enablers improve the ecosystem (through betters APIs & program management), B2B SaaS companies are gaining confidence in building/implementing new banking programs;
More covered here 👇:
https://t.co/NpfcqDNTeI
- 74% have a built-in wallet on their roadmap;
- 62% plan to implement both wallets & debit cards;
📲 These wallets can become anchor deposit relationships as features get added — such as access to multiple payments rails, interest via APY, and card issuance;
📊 Key stats show increasing demand for #embeddedfinance coming from #B2B product managers:
- 55% believe that embedded finance provides a competitive advantage;
It’s a path to differentiation from competitors and additional revenue streams.
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