Just because Alex is finally leaving Las Vegas, doesn’t mean he’s escaping the banking desert back in Montana. And for that matter, neither are the vast majority of Americans. This week, he and Bank Director Editor Kiah Haslett discuss the growing impact that closing bank branches have had on rural communities— what are these “banking deserts”? And what really happens when online banks are all that’s left in a town?
Also… Did you forget whose anniversary it is today? Happy 1st SVB collapsiversary! Alex and Kiah reflect upon the landmark news story that brought “Fintech Takes” into the limelight. How have things in banking changed since SVB first announced its failure? More importantly—have they changed since its collapse?
Plus, with BaaS regulators cracking down, what happens when people with new ideas can’t meet the minimum barriers to entry in BaaS anymore? Are we witnessing the death of BaaS innovation? Alex and Kiah discuss what tighter regulations could mean for the future of the BaaS market.
And stay tuned as later Kiah and Alex tackle the convenience store in North Dakota who claims the Durbin Amendment is harming them and Kiah unleashes some harsh truths that Congressional leaders need to hear.
Don’t forget to download Kiah’s report on Generative AI here!
00:04:35 - Kiah’s Bank Director Report on Generative AI
00:06:52 - Happy SVB Failure Day!
00:21:51 - BaaS’s Evolution
00:39:20 - Capital One vs. Discover Quick Take
00:41:00 - Corner Post vs. the Federal Reserve Board
00:45:41 - An Unanswerable Question
01:14:44 - Go Off Kiah!
Sign up for Alex’s Fintech Takes newsletter for the latest insightful analysis on fintech trends, along with a heaping pile of pop culture references and copious footnotes. Every Monday and Thursday: https://workweek.com/brand/fintech-takes/
And for more exclusive insider content, don’t forget to check out my YouTube page.
Follow Kiah:
LinkedIn: https://www.linkedin.com/in/khaslett/
Twitter: https://twitter.com/khaslett
Follow Alex:
YouTube: https://www.youtube.com/channel/UCJgfH47QEwbQmkQlz1V9rQA/videos
LinkedIn: https://www.linkedin.com/in/alexhjohnson
Twitter: https://www.twitter.com/AlexH_Johnson
S6 Ep2: Not Fintech Investment Advice: Foyer, Claim, Crew, and Brico AI
S6 Ep1: Fintech Recap: Revolut Cries Wolf, Tomo Boost’s Continued Craziness, and Tales from BaaS Island
Fintech Predictions for the Not-So-Distant Future, with Frank Rotman
S5 Ep12: 2023’s Most Compelling Fintech Stories
S5 Ep11: Not Fintech Investment Advice: Wellahead, Increase, Ribbon, Conduiit
S5 Ep10: BNC: If SoFi Looks Like a Bank and Quacks Like a Bank…, the CFPB’s New Oversight Rules, Fintech’s Savior Complex Problem
S5 Ep9: Fintech Recap: Fintech’s Reckoning, the Predatory Nature of Credit Building Products, and the Fyre Festival of NFTs
S5 Ep8: Dadonomics: Mastering the Art of Fintech with Tom and Alex Johnson
S5 Ep7: Not Fintech Investment Advice: Spreadsheets Never Say Die, HiFi Unifies Music’s Fractured Income Stream, and Subscription-Based Climate Tech
S5 Ep6: BNC: The Debit Interchange Cap is Being Lowered Because … Reasons, Check Fraud, and the Implications of 1033
S5 Ep5: Live From Money 20/20
S5 Ep4: Unpacking the Post-Pandemic Era’s Most Interesting Financial Health Trends, with Scott Sanborn
S5 Ep3: Not Fintech Investment Advice: Layup Gamifies Savings, Series Set to Compete with Major ERPs, Can We Please Stop Focusing on LLMs
S5 Ep2: The Role of Supervisors/Adverse Action Notices/Building a Better PFM
S5 Ep1: Fintech Recap: The Challenges of BaaS/The Drama of Interchange/The Final Death of NFTs
S4 Ep12: Breaking Down the Five Waves of Fintech, with Charles Birnbaum
S4 Ep11: Not Fintech Investment Advice: Generative AI & Compliance, Reinventing the ERP, The Case For CDs
S4 Ep10: BNC: Why Fintech Can’t Get Charters, Compliance Expectations, Defining Risky Deposits
S4 Ep9: Fintech Recap: Current’s Credit Building Card, Plaid’s New Partnership, and Niche Neobanks Making It Work
S4 Ep8: Not Fintech Investment Advice: AI’s Fintech Footprint, PayPal’s Bold Stablecoin Move, Making Community Banks Profitable
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