Updated Guideline for BaaS
On June 6th, The Fed, OCC, and FDIC jointly released an updated guideline for banks’ third party risk management. This has been highly...
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Frank Tian
- Jun 7, 2023
- 1 min
Old Bank/Card Model Still On Fire
The Economist recently published a piece to highlight the resilience of credit cards in developed economies. In the US, the credit card...
Frank Tian
- Jun 1, 2023
- 2 min
All Roads Lead to the Bank?
While some banks are collapsing, other aspiring institutions are eager to become banks. Why? When the 2008 Great Financial Crisis hit,...
Frank Tian
- Feb 26, 2023
- 2 min
Card Players Jockey for Position
💳 With credit card balances surging back, lenders continue to jockey for positions in the competitive field. 🏇 📌 Wells Fargo launches...
Frank Tian
- Jan 9, 2023
- 1 min
🔎 BaaS Partnership in Regulatory Focus
Last week, Blue Ridge Bank named a new president for its fintech division. It makes perfect sense to bring in someone with direct BaaS...
Frank Tian
- Jan 3, 2023
- 1 min
Tech Back to Earth
The low-hanging fruits of tech adoption were picked. People went to cloud nine to look for exotic breeds, but the produce cannot be too...
Frank Tian
- Jan 1, 2023
- 2 min
9 Things to Watch in Consumer Credit.
1. Will the central bank succeed in taming high inflation with a soft landing? The ideal scenario for businesses and consumers: the...
Frank Tian
- Dec 7, 2022
- 1 min
🏦 Chase pilots a pay-by-bank product
Even it competes with its own credit card. An ACH payment based on open banking Reduces risk of stored banking account info. Chase sees...
Frank Tian
- Nov 19, 2022
- 2 min
💰 Large Banks, Small Dollar Loans
Wells Fargo is the latest major bank offering small dollar loans. The loans are for $250 or $500 with a flat fee of $12 or $20. The other...
Frank Tian
- Nov 10, 2022
- 1 min
⛑️ The Pricing Lifeline for Fintechs
⛑️ In the challenging environment BCG throws out a lifeline for Fintechs 👉 Pricing Optimization Pricing is an important tool to keep up...
Frank Tian
- Nov 8, 2022
- 1 min
🎤 Money 20/20 conference
🎤 If you don’t have $5K + 4 days for the Money 20/20 conference, you can always come to LinkedIn. Several content creators are kind...
Frank Tian
- Sep 23, 2022
- 2 min
Chase Sees the Death of Card?
Financial Times revealed the internal dynamics at JPMorgan Chase - around its pay-by-bank project. Interesting to see fast payment and...
Frank Tian
- Sep 19, 2022
- 2 min
Embedded Finance - How Big?
How big is the opportunity? Bain recently provided an estimate. From 2021 to 2026, the revenue growth opportunity in the US: $29 billion....
Frank Tian
- Sep 7, 2022
- 4 min
🏦 Thoughts on BaaS Risk Management
It is no coincidence that several connections reached out in the last few weeks to ask about embedded finance and Banking-as-a-Service...
Frank Tian
- Aug 20, 2022
- 1 min
Card Networks Work Hard
With their sheer size, credit card has always been a target. Look at recent headlines: 👇 Affirm: Americans trust their ex more than...
Frank Tian
- Aug 12, 2022
- 1 min
How Fintechs are Responding to Downward Valuations
Facing downward valuation in both public and private markets, how have Fintechs responded? Besides cost reduction via layoffs, there are...
Frank Tian
- Aug 10, 2022
- 1 min
🕸️ Open Banking Update in Summer
While open banking rule-making is progressing slowly in the US and Canada, the market continues to develop on its own throughout the...
Frank Tian
- Jul 3, 2022
- 1 min
Banks Up Hiring Stakes
While tech companies have to scale back under the pressure in both public and private markets, traditional banks beef up their efforts to...
Frank Tian
- Jul 1, 2022
- 1 min
Brex Ending SMB Relationship
Grow Out of The Relationship Brex, a 5-year-old fintech specializing in corporate credit cards for startups, is parting ways with the key...
Frank Tian
- May 26, 2022
- 2 min
BNPL impact on FICO (2)
My last post on BNPL’s impact on FICO drew strong interest from the community. Why do the two recent studies show conflicting results? I...
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