Safwan Zaheer

A really good 🎙 interview by Jason Mikula with Moov founder Wade Arnold. Learn about: ❓ What does Moov actually do ❓ Why attend #fintechdevcon ❓ What is happening in the #payments space today https://lnkd.in/edxNRkZy

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Why wait for members to fire you before making a change? By adopting Shastic’s platform, your credit union gains an edge in delivering seamless experiences while staying true to its mission of member-first service. Don’t let fintechs define what convenience looks like—delight your members! https://hubs.ly/Q02WwlGh0 #AI #RPA #Banking #CreditUnion #Lending #AIWorkflowAutomation #WorkflowAutomation #Efficiency #Loan #Fintech #PeopleHelpingPeople

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Harsh truth for Bankers: If you aren't thinking about BaaS, stop blaming the news. Your comfort with traditional banking is the problem. Here are 3 reasons why FIs launch a BaaS brand: New revenue stream ↪️ Augment net income with a lower spend New competency ↪️ Gain skill set, tech competency, and customer base Diversification ↪️ Revenue channels not heavily tied to the rate environment To stay relevant, you must evaluate the potential. Any questions? DM me "BaaS Builder" to discuss strategies to launch your own BaaS brand. --- I’m Steve Bishop.  I began my career in the tech space as a programmer and transitioned to operations and banking. I'm now working on the future of money - embedded finance. 💡Want to see more content like this? 🔗 Connect with or follow me here 🔔 Ring the bell in my profile

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Embedded Lending Puts SMBs at Center of Financial Services Landscape "...In the new, emerging financial services landscape, SMBs are now wielding unprecedented influence over the development and delivery of financial products — making the digital commerce landscape more deterministic rather than reactive. Instead of choosing to accept certain forms of payment due to a fear of missing out (FOMO) on customer business, or playing catch-up to their larger peers and competitors, SMBs are now finding themselves able to design each step of the commerce experience to deliver the outcome they ultimately desire. After all, early innovators like Square, Shopify, Stripe, Affirm, Klarna and many more have been revitalizing merchant aggregation as a business model. Embedded lending, whereby credit tools and borrowing capabilities are integrated directly into a purchasing process or payment platform environment, is not only reshaping end-user behavior, but also elevating SMBs to the forefront of the financial landscape..." #embeddedfinance #embeddedlending #posfinance #purchasingprocess #bnpl PYMNTS Chris Guido Chad Evans Arvind Ronta _________________________________ If you want to immediately see new content that I curate 👉🏻 Ring my bell (🔔) and follow #informationbanker or if you want to get the posts that got noticed in my weekly What’d I miss newsletter, subscribe here: "https://lnkd.in/d5_KvWwu"

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💯🎯 Outstanding analysis that provides us fintech and sponsor bank Compliance and Risk Officers the answer key to our next independent audit or supervisory exam, while continuing to responsibly grow recurring revenue and the customer base. #banking #fintech #compliance #riskmanagement #regulatoryaffairs #revenuegrowth #customercentric

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Learn more about how The Clearing House CHIPS wire solution drives liquidity and speed for global USD payments Richard Dzina Michael Knorr David Watson

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Streamline ACH transactions with smarter validation. R03 and R04 errors from manual data entry can drive up costs and create friction. Accelitas goes beyond compliance with Ai Validate Bank Data, a patented solution that identifies invalid bank routing and account numbers instantly, reducing returns and improving customer satisfaction. ✅ 100% US account coverage ✅ Real-time validation ✅ SOC 2 compliant Ready to streamline your ACH transactions? Test drive Ai Validate BD today: https://hubs.la/Q02-6KDF0 #ACHSuccess #BankAccountValidation #PredictiveData

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Three comments on "Banking as a Service" and "Embedded Finance" more broadly. 1. There is massive upside potential. Properly done, BaaS integrates payments, credit, deposits, cash management, & earned wage access into customers' lives in valuable, elegant, seamless ways. 2. It is really hard to do BaaS properly. There are many moving parts, many stakeholders, a lot of novelty / bespoke processes, and a rapidly evolving regulatory approach to what is considered higher risk. 3. BaaS is a scale play. "Go big or go home."The economics improve with decimal places. With no footprint, no branch network, and no relationship management teams, BaaS banks can grow revenues and deposits with relatively modest relative increases in expenses. But the initial investment is substantial to get those first programs up and running: API economy, third party oversight, etc. The break even point is a fairly large number (whether deposits/loans/revenues) I was brought into Five Star Bank as it went "from zero to one" with its largest BaaS program and then several other programs and platforms. I headed the Ops, InfraTech, Product Management and Business Analyst teams. Between them, they handled much of the operational implementation, "partner success", and ongoing administration of the BaaS partners / program / platforms. It was a great experience with many excellent people. I would have loved to see the BaaS business thrive for decades. But I understand the decision, and I have only positive things to say about my former colleagues both at FSB and the many external stakeholders involved in the BaaS relationships. https://lnkd.in/emyAGbdd

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Buy one get one free has been popular until you realize it is not really free

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Macha, Inc. and PaymentsFirst, Inc. to Merge Combination Creates Dynamic Payment Association Macha, Inc. ("Macha") and PaymentsFirst, Inc. ("PFI") announced today that their respective Boards of Directors have approved a merger agreement under which the two payment associations will combine. Macha's wholly-owned subsidiary, Payment Advisory Resource ("PAR"), will continue to offer audit and consulting services under the combined payment association. "Our organizations have very similar cultures and approaches to education, advocacy, and member-oriented service, and this merger gives us the strength and resources to remain competitive going forward.," said Mary Gilmeister, President and CEO of Macha. Rich Leary, President and CEO of PFI added, "I am excited to partner PaymentsFirst’s, education, member services, proprietary audit and risk assessment software, and industry leading AI utilization with all the exceptional services Macha offers to their members." Gilmeister will serve as the CEO of the resulting entity, and Leary will serve as the President. Leary noted, "I’ve collaborated with Mary Gilmeister on many industry initiatives over the past 30 years and am truly looking forward to bringing our teams together to serve our combined members." Gilmeister observed that "Rich Leary and his team have built a legacy with PFI that makes it a perfect fit for Macha and we look forward to working together and carrying that forward." The merger is subject to approval by the members of both Macha and PFI in accordance with their respective bylaws. The votes are expected to occur in the 3rd quarter of 2024 with consummation to follow shortly thereafter. Reinhart Boerner Van Deuren s.c. served as Macha's legal advisor. Adams and Reese LLP served as PFI’s legal advisor. ### About Macha Macha was formed in 1975 and has more than 500 members. Macha, directly and through PAR, offers its members support on all payment systems, education, audit, risk and consulting services. www.macha.org. Contact Mary Gilmeister at (262) 345-1245 or [email protected]. About PFI PFI was formed in 2015 and has more than 650 members. PFI offers its members support on all payment systems, education, audit, risk, and consulting services. www.paymentsfirst.org. Contact Rich Leary at (678) 528-3234 or [email protected]. View the full press release here: https://lnkd.in/ec2g97Ak

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The Consumer Financial Protection Bureau’s new interpretative rule regarding BNPL reveals new requirements for BNPL providers under Regulation Z. With less than 60 days left before the rule takes effect, BNPL providers need to quickly rework their card programs and align their servicing processes to comply with Regulation Z. Our blog post explains what BNPL providers can expect with the change and the solutions LoanPro offers to seamlessly implement these new compliance measures into their credit products. Read here: https://lnkd.in/gm5yHiRz

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Struggling with slow ACH infrastructure or constant errors? PlatformNext is the upgrade you need for faster, error-free processing. Simplify your operations and get back to what matters. Read the full blog now: https://bit.ly/3Y8YZsL #ACH #Automation #Efficiency #PlatformNext

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Key Facts SMB Digital Lending leverages advanced data analytics and machine learning to help banks profitably source, underwrite, and fund loans of any size to small and medium-sized businesses.

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The RTP® network has made significant strides in bringing instant payments to financial institutions and their customers. TCH is dedicated to expanding #instantpayments for all financial institutions and have close to 700 FIs live on the network, which equals 68% of U.S. demand deposit accounts. Read more about the RTP network's progress, including growing transaction volumes, in this article from American Banker: https://lnkd.in/gjjie-xa

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The Information released some interesting news from Consumer Financial Protection Bureau that will definitely impact #FinTech like Apple,PayPal, Klarna, Square also spilling over for #banks too. That being that they will be now overseeing large #fintech’s, they defined as “50M+ transactions per year.” The key takeaways being Consumer Financial Protection Bureau will be overseeing how and why #consumer get their accounts shut down or shut off. What do you think? #management #venturecapital #privateequity #capitalmarkets #fintech https://lnkd.in/gdHhhUcv

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If you're frustrated with your legacy card processor, you're not the only one. Our CEO, Bhavin Turakhia, has talked with hundreds of banks and credit unions over the last few years and hears consistent themes about the problems caused by old technology. In this video, Bhavin discusses: 🔹 Why everyone seems dissatisfied with their banking stack 🔹 The limitations of COBOL and other outdated technologies 🔹 The struggle to create modern, seamless customer experiences How are legacy systems impacting your organization? Let us know your thoughts in the comments below.

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⏱️ Real-time cross-selling is a game changer for banks and credit unions. With ATTUNE, your institution can make personalized product recommendations when consumers need them most—boosting revenue while enhancing the overall experience. Don’t let valuable opportunities pass by. Let’s unlock new revenue streams with real-time cross-selling. #CrossSelling #RealTimeBanking #Fintech #DigitalBanking #CreditUnions #CommunityBanks

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