How to Work with Banks with Paul Davis, Founder at Bank Slate
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How to Work with Banks with Paul Davis, Founder at Bank Slate
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In this episode we were joined by Paul Davis, from Greensboro, NC and founder at Bank Slate, a banking and fintech consulting and advisory practice with a robust media platform. We discussed how fintechs can work better with banks.
Principle themes:
- Prioritizing compliance at fintechs, and taking proactive steps to demonstrate compliance;
- Building dedicated teams and leaders at banks to manage fintech partnerships;
- Monitoring and managing third party relationships through action plans;
- The importance of measuring potential risks with fintechs - eg. liquidity, credit, reputational, etc.
- Regulatory scopes, ie. the difference between the CFPB's scope and that of the OCC/FDIC/Fed;
- Becoming well-rounded in technology and compliance, and networking as keys to success in the field.
https://thebankslate.substack.com/ #FaaS
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