FS Vector’s Post

We're excited to announce the formation of the Coalition for Financial Ecosystem Standards (CFES), an industry-led organization dedicated to setting operating rules that promote safety and soundness for nonbanks participating in financial services. 🟢 What is CFES?  CFES is an industry-led coalition setting standards to promote safety and soundness for nonbank financial services companies. 🟢 Why it matters:  The health of nonbank financial services companies and the bank partnerships they rely on are crucial for innovation, but the lack of regulatory certainty and clear industry standards hinders progress. CFES aims to bridge this gap, fostering innovation while ensuring compliance and risk management. CFES was co-founded by FS Vector and Sima Gandhi, with founding members including leading fintechs such as Stripe, Brex, Block, Mercury, Rho and Relay. Our goal is to help define compliance and risk management standards for bank-nonbank partnerships. 🟢 Key benefits:  👉 Clearer alignment on compliance and risk management practices  👉 Standardized expectations throughout initial due diligence and various phases of growth 👉 Enhanced trust and compliance across the fintech ecosystem 🟢 Who's involved:  CFES members include nonbank financial services companies that are either self-licensed or partnering with banks across a variety of spectrums, including lending, payments, open banking, and deposit taking. Setting standards is a fundamentally collaborative effort, and we regularly correspond with partner banks, regulatory experts, consumer advocates, and other industry experts. Companies and experts interested in getting involved should reach out to [email protected]. Read more about CFES in Forbes: https://lnkd.in/ejY7_d2s CFES white paper: https://lnkd.in/e4xxyA7t Press Release: https://lnkd.in/eWJgiP3i

We’re excited to welcome Connor Dunn, Guy Huber, Constantine Psaltis-Ivanis, Talia Rankin-Lowery, and Steven Stolarski to the FS Vector team! Looking forward to all the great things we’ll achieve together. Welcome aboard! Learn more about our team here >>> https://lnkd.in/e_emPWWz

We've teamed up with The Financial Revolutionist to host the Bourbon & Bites exclusive networking happy hour in Boston on 10/16 during Fintech Sandbox's Boston Fintech Week. 🥃 Connect with top fintech execs, financial services leaders, and investors while sipping, savoring tasty bites, and networking with top players. Don't miss out. Request your invitation now: https://lnkd.in/emHHHAp4 #TheFRPresents #FintechEvents #Networking #HappyHour #BostonFintechWeek #BostonFintechWeek2024 #BFW2024

We're excited to announce Ashwin Vasan has joined our team as a full-time Partner, following his role as a Senior Advisor! To learn more about FS Vector and Ashwin, please visit our website. 🔗 https://lnkd.in/eAdxEkxb

Headed to Finovate Fall? We'll see you there!

Just 4 days until we touch down in Atlanta! Join Ensemblex, FS Vector, and Valor VC for a happy hour to kick off Fintech South.

📍 Fintech South: Atlanta, Georgia If you're headed to Fintech South next week, be sure to say hello to some of our team. See you there!