Given all that is going on in partner banking between community banks and fintechs, it was good timing to have Adam Shapiro on from Klaros Group.
We took a deep dive into the evolving landscape of the financial industry, particularly at the intersection of banking, innovation, and regulation. Adam shared his extensive experience in it. Our discussion focused on 'banking as a service' (BaaS), diving into the regulatory scrutiny it is facing and the importance of understanding the changing regulatory landscape for banks and fintechs. Adam provided insights into compliance, risk management, and the potential of technology to address these challenges effectively.
He also touched on the impact of recent regulatory actions, the importance of banks investing in lines of business like BaaS, and strategies for fintechs in partnering with banks. Looking forward, Adam shared his optimistic view on the future of finance, highlighting the roles of embedded finance and technology in shaping a compliant, innovative, and consumer-friendly financial ecosystem.
This episode offers invaluable insights for financial industry professionals, regulators, and anyone interested in the future of banking and fintech partnerships.
CHAPTER MARKERS:
00:00 Highlight
00:16 Intro
00:28 Sponsor
00:59 Adam Shapiro, Partner/Co-founder of Klaros Group
02:03 Banking as a Service (BaaS): Navigating Regulatory Waters
03:54 The Importance of Compliance and Risk Management in BaaS
08:52 Advising Fintechs in a Tightening Regulatory Environment
18:33 The Future of Banking and Fintech Collaboration
21:48 The Genesis of Klaros Group
23:56 Reflecting on Four Years at Klaros
34:43 Predictions for Banking, Regulation, and Fintech in 2024
38:14 Adam Shapiro's Personal Insights and Rituals
43:02 Looking Ahead with Klaros Group
Thanks to show sponsor, BankTech Ventures.
Data-Driven Banking Strategies & Competitive Edge - Brian Bauer, CEO of Revio
Better Risk Management For Community Banks - Michael Berman, Founder & CEO of NContracts
Growing the Pie Bigger in Venture Capital - Winter Mead, Founder & CEO at Coolwater
Better Together: Illinois Community Banks Collaborate - Mike Kelley (CBSC) & Kraig Lounsberry (CBAI)
A New Day For Bank Cores, Embracing Collaboration - Tara Schultz, SVP Strategy at CSI
Emerging as a VC Manager from a Community - Amber Illig, General Partner at The Council
Keys to Community Bank Tech Innovation - Sean Willett, CAO of Five Star Bank
Next Generation Family Banking - Kristin Marcuccilli, President of STAR Financial Group
Wholesale Finance Innovation for Banks - John Mizzi, Founder & CEO of Vero Technologies
Challenging How Early Startups Build - Zac Lyons, Managing Partner at Agile Innovation Advisors
Community Banks Will Still Thrive - Brad Bolton, CEO of Community Spirit Bank, and Immediate Past Chairman of ICBA
New Approaches to Talent & Culture in Banks - Samantha Berg, CHRO of Choice Bank
Future Leadership, Strategy & Growth in Community Banking - Heath Fountain, CEO of Colony Bank
Staying Ahead of the Tech Curve in Community Banking - Greg Ohlendorf, President & CEO of First Community Bank
Cyber Governance & Risk Management Success - Zach Duke, Founder & CEO of Finosec
Driving Change in Trucking Insurance - Ian White, Co-founder & CEO of Koffie Financial
Making Waves: A Founder’s Journey - Jacob Ruytenbeek, Founder & CEO of SailPlan
When Passion Meets a Market Need - Nicky Senyard, Co-founder & CEO of Fintel Connect
Launching a Startup within a Bank - Nathan Baumeister, Co-founder & CEO of ZSuite
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