Ayhan Diş’s Post

⏳ The countdown to Money20/20 in the US is ON! We’re excited to discuss the future of fintech and digital banking. What do you think is the biggest trend shaping the fintech industry in 2024? Drop your thoughts in the comments below, or better, let’s chat in person! Book a meeting with Velmie at Money2020! #Fintechtrends #Money2020 #Velmie #MeetVelmie #fintech

#DeFi is eating traditional finance By the numbers: • $65B Total Value Locked (TVL) • 712% growth in DeFi users since 2021 • 89% cost reduction vs traditional finance • 4.2B potential users worldwide The question isn't if DeFi will disrupt banking, but when. #DeFi #Banking #Innovation #Fintech"

🏦 It's no secret that banks partnering with fintechs in embedded finance are facing increased regulatory scrutiny. Live Oak Bank leverages Alloy to ensure they have control of the CIP programs used by their fintech partners, which has helped Live Oak reduce fraud losses by 27%. Read the full story ➡ https://lnkd.in/ewhk-mjX

From one way ticket out of the bank to a new deposit account that is the cornerstone of a new ecosystem to be monetized. To borrow the cliché, it is where the puck is moving, in fact, it’s already there. How banks and FinTechs are collaborating to make it today’s reality is what KeyBank's Jon Briggs, Ingo Payments' Drew Edwards and I kicked around: https://lnkd.in/eeRffazw

Community banks have traditionally been cornerstones of their locales, providing personalized services and fostering local economies. However, the digital age poses new challenges and opportunities. The insights provided by Carey Ransom, Managing Director of BankTech Ventures elucidate the critical role these institutions play in payment systems, their battle to remain relevant, and the innovative approaches to maintaining their pivotal roles. Listen now. #payments #fintech

The Financial Services Ecosystem is a Complex One. While it may appear that Banks, EMIs, and various fintechs are direct competitors, the reality is far more nuanced and the reliance on each other is strengthening itself as product offerings become more complex. On the one hand, these providers often do compete for customers and engagement. However, this is also a highly connected ecosystem in which the services provided by banks are fundamental to the ability of EMIs, fintechs, and other challengers to operate. From an EMI perspective, as the segment continues to mature, the importance of having a strong banking partner is paramount to its scalability and success, but also in ensuring that it provides its customers with the right safety mechanisms. There are few cases in which a fintech or EMI can offer services without there being a bank involved somewhere in the value chain. #banks #emi #fintech

In recent years, community banks have explored innovative approaches to provide high-quality financial services and products to their customers, often partnering with nonbank companies, including financial technology companies, or fintechs, to access new technologies and resources. In such partnerships, a fintech provides its end customers with access to a bank’s products and services. While these partnership arrangements vary, they commonly facilitate deposit-taking, payments services, and lending activities. This article provides an overview of the Federal Reserve’s supervisory approach to complex bank–fintech partnerships and discusses common risk factors associated with them. https://bit.ly/4hQTwzu #CommunityBankingConnections #CommunityBanks #FintechPartnerships

Unbank the banked: Self-custody is coming! ... and banks and custodians 𝘤𝘢𝘯 play a role! The chart shows Safe's TVL (total value locked) in comparison to big fintechs' Assets under Custody (AuC). While it is a not fully comparable, what is clear is: More than $100.000.000.000 are entrusted into Safe's Smart Accounts. And this is just mind blowing! 🤯 Stay safe, there's more to come... Credits for "unbank the banked" to Jonah Erlich! Lukas Schor, Anirudh Singh Chohan, Bharat Gupta, Maike Hornung, Patrick Hansen, Alexander Bechtel, Romina Bungert, Maximilian Vargas, Alan Kennedy, Artiona Bogo, Ben Spiegelman, Boaz Avital, Laszlo S., Christopher May, Timo Musiol, CFA, Néstor Palao, Aliya Das Gupta, Max Fantle, David W., Paul Bances, Daniel Marfurt, Daniel Fischmann, Marcos Nunes

Thanks Cleber Martins ! Super interesting statistics on the Top 3 APP scams by country 🇦🇺Australia: Purchase (26%), Investment (20%), Advance Payments (17%) 🇧🇷Brazil: Purchase (22%), Investment (21%), Advance Payments (17%) 🇮🇳India: Impersonation (21%), Investment (18%), Advance Payments (15%) 🇦🇪UAE: Investment (29%), Advance Payment (17%), Purchase/Impersonation (15%) 🇬🇧U.K.: Advance Payment (26%), Purchase (23%), Impersonation (16%) 🇺🇸U.S.: Impersonation/Advance Payment (18%), Investment/Invoice (14%), Romance (12%)

Banks can take months in white-listing an IP address, domain or URL, getting UAT approval always takes much time. You will agree if you are integrating APIs of a bank. Banks have a long, time taking and tedious process to onboard a customer, and going live. Sometimes as a business you may not be sure about which bank to connect with, and how to connect with the bank, what time/effort/cost it will take. At iMoneyPay, we have been there, and done that. Now we can solve digital money related problems of businesses. We can also help you connect with banks. #fintech #payments