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.
Dean Kline - Senior Managing Director at USC Rossier EdVentures
Carson Lappetito - President of Sunwest Bank
Special Episode - with Bill Carpou, CEO of Octane
Mike Gentile - Founder, CEO of CISO Share
Matt Case - President of Bionatus
Special Episode - Non-profit leadership during a crisis with Dawn Reese of The Wooden Floor
Sinan Kanatsiz - Founder and CEO of KCOMM, Founder of Internet Marketing Association
Special Episode - Intro to OC4 Venture Studio with Kyle Kamrooz & Carey Ransom
Matt Hayden - Founder of Sea Purity Investments, Chairman of MZ Group
Hicham Semaan - President of Tech Coast Angels, Orange County Chapter
Jeff Bocan - Partner at Okapi Venture Capital
Doug Wilson - Founder & Chairman of CEO Leadership Alliance of Orange County
Toby Corey - Stanford Lecturer, Former President of Tesla
Marinela Gombosev - CEO of Evoke Neuroscience
Sergey Sundukovskiy - CTO & CPO of Certemy
Andy Fathollahi - Founder/CEO of The Kanvas Company; Founder/Chairman of Incipio Group
Tom Baine - President of Landsea Homes
Nick Smoot - Founder & CEO of Innovation Collective
Sue Parks - CEO of Orange County United Way
Reynolds Bish - CEO of Kofax
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