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.
Charles Antis - Founder & CEO of Antis Roofing & Waterproofing
Ike Kavas - Founder & CEO of Ephesoft
Peter Polydor - Founder of Eureka Building & Eureka Hub; President of Ergo Holdings
Neel Grover - Founder & CEO of Indi
Lori Torres - Founder & CEO of Parcel Pending
Dan Heinfeld - President of LPA
Kurt Johnson - Founder / CEO of FreightPop
Scott Duffy - CEO, SD Media Holdings; Top 10 Speaker
Dawn Reese - CEO, The Wooden Floor
Mike Daniel - Regional Director, Orange County & Inland Empire Small Business Development Center Network
Lawrence Greaves - Co-founder & CEO of OPKIX
Don DiCostanzo - Founder & CEO of Pedego Electric Bikes
Nick Kovacevich - Co-founder, Chairman & CEO of KushCo Holdings
Peter Nguyen - founder, CEO of Ad Exchange Group
Lori Seal - CEO, Blytheco
Cary Breese - co-founder, CEO at NowRx
Grant Van Cleve - CEO Buy It Installed; Chairman Tech Coast Angels
Beckham Thomas - Founder / CEO of Dealer Credit Resources
Fauad Hasan - CEO of Ornovi, former CEO of Bonti
Travis Lindsay - CSUF Startup Incubator, Professor, Titan Angels
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