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🎁 All we want for Christmas is for community financial institutions to Embrace Data-Driven Decision-Making Tools! Our CEO, Kim Snyder, is featured in Finopotamus's Holiday IT Wish List for 2024! 🚀 Kim highlights the importance of embracing data-driven decision-making tools to empower FIs in a rapidly evolving financial landscape. Here's a glimpse of Kim's insights: 🔍 Unlocking the Power of Data: Kim emphasizes that in the data-rich financial industry, the real power lies in effectively visualizing, understanding, and putting information into action. To combat data overload, she advocates for a comprehensive, enterprise-wide data strategy supported by a robust data-driven culture. 💻 Modern Tech Stack Empowerment: In her wish for credit unions, Kim encourages the development of a modern tech stack that empowers both employees and members. She acknowledges the prevalent use of data in decision-making but stresses the need to move away from manual, non-repeatable processes, often hindered by Excel spreadsheets. 📊 Accelerating Growth with KlariVis: As the CEO and Founder of KlariVis, Kim highlights how KlariVis empowers financial institutions to accelerate growth by breaking down silos and leveraging data effectively. Investing in an analytics platform designed for banking enables financial institutions to make critical decisions that propel their organization forward. 🌐 Seizing the 2024 Opportunity: Looking ahead, Kim envisions an exciting time for financial institutions in 2024. With remote interactions becoming a defining characteristic of our society, she underscores the unique opportunity for credit unions to provide the personal touch that members crave. FIs can thrive in the coming years by recapturing market share and capitalizing on their reputation for member-centric banking. Read more from Kim and other tech leaders here - https://lnkd.in/e7NczJN9 🎉 #DataDrivenDecisions #FintechInnovation

What a great experience we had at Finovate this year! From groundbreaking technologies to disruptive strategies, the event was full of insights and an opportunity to connect with industry leaders, exchange ideas, and explore collaborations that will drive positive change in the financial landscape. One of the really interesting talks that was especially related to what we at ezbob believe and strive to implement was "What Embedded Finance & Banking As A Service Mean For Banks – Can You Afford To Hold Back?". The talk included Head of Embedded Banking at ClearBank Paul Staples, who stated that financial institutions need to offer embedded banking features to solve a problem rather than just add features for long-term success. Another panelist was Deutsche Bank’s Joris Hensen, founder and co-head of the bank’s API program, who said that embedded finance will help transform financial services for both financial institutions and customers. Krzysztof Tarach, head of lending at Raiffeisen Digital Bank stated that certain segments of embedded finance like lending are revenue generators for banks, and can increase sales for the organizations that are offering embedded finance. They all agreed that it is about the customer's journey, and financial institutions that won’t start capitalizing on embedded finance will find themselves at a disadvantage in the future. Can't wait to attend again next year, and see what comes ahead! #banking #embeddedfinance

We’ve been building: The hiatus was never planned, and we’re still navigating the challenges of finding time to share the remarkable behind-the-scenes stories of our journey. We’ve been building: not just in the literal sense, but as a transformative experience that encapsulates the essence of a startup, growth, and maturity—all within the realm of an alternative bank. We’ve been tinkering: engaging in logical disagreements that are essential for progress, always with the understanding that it’s about the job, not personal enmity. We’ve been fixing, addressing backend issues that are par for the course in any tech-driven business, ensuring our customers continue to enjoy seamless banking experiences. We’ve been expanding: not just physically but conceptually—relaunching products, rethinking ideas, redefining banking, and often venturing into territories beyond traditional banking. We even authored a book, “The Truth About Banking,” which sheds light on our philosophy. We’ve been changing: reimagining every interaction with our customers, our team, and all our stakeholders. Why not? Change is the only constant. We’ve been learning: continuously reevaluating and reinventing our culture. To be a true alternative, one must embrace evolution. We’ve been doing: refining our business models to better align with our customers’ needs, adding more value to their lives—a testament to our reputation for wealth creation. We’ve been earning: and with all the hard work, we’ve remained humble yet financially robust, a sign of our success. We are the alternative: in a world where nothing remains static, we are the agents of change. What’s your story? #WearetheAlternative #AltNatives #BankDifferent #BankTech

“If you’re not too late, you did it too early” Ingmar Krusch reflects upon growth during scale up periods and finding Product Market Fit in a sector with multiple opportunities. Ingmar grew the tech department of Solaris SE from 50-300 and over saw the expansion of their Banking-as-a-Service products from initially Debit Cards to Accounts, Payments, Lending, Cards and KYC. In the full video, https://bit.ly/4c64PkO We discuss -           Planning V Opportunism for growth and Product Market Fit -           Passing on opportunities -           Iterative approach to internal capability building/outsourcing/nearshoring/partners for growth -           When to scale down partners and why Thanks for the discussions Ingmar, the insights from the period in Solaris SE are unique and helpful to both of our networks. #BerlinTech, #GermanyTech, #EuropeTech #InnovationLeadership #TechLeadership #TechInnovation #BerlinStartupScene, #GermanCTOs #TechScaling #GrowthStrategy #ScalingUp #BusinessGrowth #StrategicPlanning #LeadershipDevelopment

🚀 Just dropped: The Platformification of Banking -A must-watch interview with Pål Krogdahl at Fintensity: Limitless Payments! 🌟 As the co-chair of the Payments Workgroup at Mobey Forum and a Director at Samlink, Pål is at the bleeding edge of embedded finance—where technology transforms banking, making way for future financial innovations. In our latest discussion, he enlightens us on how this trend is revolutionizing the entire financial landscape. Embedded finance isn’t just a buzzword; it’s the future of how financial services will integrate seamlessly into our daily lives, making everything more connected and accessible. Pål navigates the exciting terrain of opportunities and challenges that this shift brings, offering his expert insights on what banks need to do to adapt and thrive. 💡 Whether you’re in finance, tech, or just keen on what your banking services will look like in the future, this is one conversation you can’t afford to miss. 👉 Watch the full interview and see why the future of banking looks brighter and more exciting than ever! https://lnkd.in/d2ehRAUU Samlink – A Kyndryl Company Mobey Forum Elina Mattila Tuire Mäkelä Fintech Daydreaming Ville Sointu Kasper Sylvest Ditte Gerner Dyhr Stian Faber Chris Crespo Carsten Christensen Damián Džamba #EmbeddedFinance #Banking #Fintech #FinancialInnovation

In the wake of the Synapse/Evolve mess, folks have been asking why we can't just have a special-purpose charter that allows fintechs to be directly regulated. Today's Fintech Takes essay explores the fascinating history behind this question and proposes a few ideas for how we could move forward. Grateful to Kiah Lau Haslett, Jason Mikula, Jason Henrichs, Jesse Silverman, Dan Awrey, and Julie Hill for shaping my thinking on this topic and humoring my dumb questions. https://lnkd.in/g9qD2M5H

Interesting look at the concept of a national fintech charter after Synapse, and the effectiveness of the dual banking system itself in todays world. For what it’s worth, having been both a state and federal regulator, I’m still a fan of dual system, as both regulators bring very different strengths, in particular with respect to consumer protection. That being said, I also see huge challenges for state regulators with respect to technology. They simply can’t compete for tech talent. Many of the procurement rules are antiquated. Now that AI has fundamentally changed the world, in particular in compliance, state regulators simply can’t afford to fall any farther behind. The good news is that there are solutions, which I discuss in this piece. No one state alone can solve this problem. But collectively, through CSBS, the states CAN put together a team of experts on these technologies that can assist every state.

We're thrilled to share the latest article from Intelligent Fin.tech featuring an exclusive interview with Robert Kraal, the visionary co-founder of Silverflow! 🎉 In this insightful piece, Robert delves into the future of fintech, the revolutionary impact of real-time payments, and how Silverflow is redefining the landscape with cutting-edge technology. 💡 Discover how Silverflow is leading the charge in payment processing innovation and what it means for the industry as a whole. 🔗 Read the full article below #fintech #Silverflow #Payments

In October, I attended an excellent event on the FCA's Consumer Duty co-hosted by Deriskly and Goodwin. Deriskly's co-founder Mimi Zou and I enjoyed putting together a summary of the key points in the discussion. In our view, the Consumer Duty can continue to foster beneficial innovation in financial services and increase trust across the industry. Continued sharing of guidance and best-practice from the FCA, adapted to company stage, will be welcomed and will help to ensure that UK fintech continues to thrive 💡 https://lnkd.in/eUsVVrTk Deriskly apply AI to support fintech companies to comply with the outcome monitoring and reporting requirements of Consumer Duty. They are one of the founding partners in the recently launched Consumer Duty Leadership Awards, which exists to spotlight industry best practice amongst fintech firms 🌟 https://lnkd.in/e64X-f9t I'm interested to keep learning on this topic - do reach out if you have any thoughts! #fintech #ConsumerDuty