Fintech Confidential

DD3, Media
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  • BUSINESS
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Fintech Confidential

Entertaining information focused on Fintech industry insights, market trends, news, and life stories from Fintech leaders, thinkers, and doers.

  1. Cash Flow Made Easy

    NOV 7

    Cash Flow Made Easy

    See More In this episode of Fintech Confidential’s Leaders, Tedd Huff talks with Ariel Blum, CEO of Receive, about how fintech can transform cash flow for small businesses. Receive’s unique model provides immediate, fee-free access to earned revenue, giving small businesses the “spending power” they need without relying on costly credit. Tedd and Ariel discuss the importance of simplifying financial tools, building a customer-centered company culture, and the role of regulation in supporting fintech innovation. They explore how access to essential financial tools can empower underserved entrepreneurs globally, highlighting fintech’s potential to make finance more accessible and responsive to real-world business needs. Key Highlights-  No Fees Just Freedom -  Beyond Credit Scores -  Spending Power Not Loans -  Say Goodbye to Jargon -  Empathy as a Business Strategy -  Tech-Driven Liquidity -  Smarter Business Growth -  A New Approach to Regulation -  Going Global with Financial Access -  Focus on Cash Flow Takeaways 1️⃣ Unlock Immediate Spending Power 2️⃣ Put Empathy First in Your Business Strategy 3️⃣ Use Jargon-Free Language in Client Interactions 4️⃣ When to Consider an Interchange-Based Revenue Model 5️⃣ Look Beyond Borders for Business Growth Links: Ariel Blum LinkedInReceiveLinkedIn Facebook Instagram Fintech ConfidentialYouTube Notifications LinkedIn X Instagram Facebook SupportersUnder: Transform Your Merchant Applications with Under. The Under platform revolutionizes the way ISOs handle merchant applications, offering a seamless transition to digital forms. Say goodbye to outdated processes and hello to efficiency. Discover the future of financial applications at https://under.io/ftc CheckAlt: a game-changer in the financial world: ClearingWorks. Simplify your financial management with a one-stop solution for all your AR needs and with a single login. Intrigued? Visita href="https://clearingworks.com/" rel="noopener...

    57 min
  2. Onboarding Made EASY - No Code Needed!

    OCT 30

    Onboarding Made EASY - No Code Needed!

    See More In this episode of FinTech Confidential, host Tedd Huff and co-host Colton Pond speak with Timothy Li, CEO of LendAPI, on core strategies for fintech success. Key topics include the importance of fraud detection advancements, the need to build comprehensive products rather than features, and the role of partnerships in providing complete solutions for financial institutions. They also discuss the potential of international payments using blockchain and stresses the importance of customer feedback for relevant product development. Finally, they emphasize execution over ideas, highlighting the need to act on customer needs swiftly to remain competitive in fintech. Key HighlightsHow Fintech Tackles Fraud: The Latest Security TrendsBuilding Products, Not Features: The Key to Lasting ImpactPartnerships: The Secret Behind Fintech SuccessInternational Payments: The Next Big Opportunity in FintechCustomer Feedback Drives Product DevelopmentExecuting Ideas: Why Action Beats Theory in FintechFraud Prevention Tools: Enhancing Security for Financial ServicesWhy Complete Solutions Win Over Piecemeal FeaturesThe Essential Role of Partnership in Fintech GrowthWhy Customer Listening is Fintech’s Competitive Edge Top 5 Takeaways1️⃣ Make Fraud Detection Your Top Priority 2️⃣ Focus on Product Fit Over Flashy Features 3️⃣ Build Partnerships to Extend Your Reach 4️⃣ Stay Customer-Centered for Lasting Success 5️⃣ Prioritize Action and Execution Over Theory SupportersLoanPro: As default rates continue to rise and margins compress in lending, financial organizations are searching for solutions that combine operational efficiency with innovation. Look no further, as LoanPro allows lenders to enhance their origination, servicing, collections, and payments using the foundation of a modern lending core. Check out loanpro.io/demo to learn how 600+ financial organizations have modernized their tech stack with LoanPro. CheckAlt: a game-changer in the financial world: ClearingWorks. Simplify your financial management with a one-stop solution for all your AR needs and with a single login. Intrigued? Visit https://clearingworks.com to schedule your demo today. Skyflow, the leading data privacy platform trusted by top financial institutions. Protect your customers' data with Skyflow's innovative solutions. Get started at www.skyflowsecure.com Under: Transform Your Merchant Applications with Under. The Under platform revolutionizes the way ISOs handle merchant applications, offering a seamless transition to digital forms. Say goodbye to outdated processes and hello to efficiency. Discover the future of financial applications at https://under.io/ftc HAWK:AI - A game-changing approach to compliance. With real-time monitoring, adaptive learning, and advanced AI, it cuts false positives, simplifying your compliance efforts. Upgrade your surveillance with ease. Visit https://gethawkai.com for more intelligent, more effective compliance. This is a Production of Diamond D3, MediaABOUT: Timothy Li: Timothy Li is a tech entrepreneur specializing in banking technology. Throughout his career, he has worked with teams to develop mission-critical software for leading organizations like Intel and JPMorgan. Timothy is the co-founder of multiple fintech startups, including LendAPI, Magic, Alchemy, MaxDecisions, Fluid Credit, and Kuber. LendAPI: LendAPI is a no-code, end-to-end digital onboarding platform designed to help banks, lenders, and insurance companies quickly launch digital onboarding solutions. With LendAPI,...

    53 min
  3. The FTC's Shocking New Rule You Need to Know NOW

    OCT 25

    The FTC's Shocking New Rule You Need to Know NOW

    Click Here to read moreIn this episode of Uncut by Fintech Confidential, host Tedd Huff discusses the FTC’s new Click-to-Cancel rule with legal expert Linda Goldstein (Baker Hostetler), Carl D’Agostino (CEO, Solvpath), and Jayare Charron (VP of Partnerships). This new rule, aimed at simplifying subscription cancellations, requires businesses to offer easy, transparent processes for consumers to opt out of services. The conversation covers the four key components of the rule: prohibiting misleading ads, ensuring clear billing disclosures, obtaining consumer consent, and simplifying cancellations. The guests explain how businesses can adapt by implementing self-service tools, improving customer retention, and avoiding the hefty fines associated with non-compliance (up to $50,000 per violation). They also highlight the importance of using AI-driven platforms like Solvpath to enhance customer experience while staying compliant. This episode is a must-listen for any subscription-based business looking to stay ahead of FTC regulations, reduce churn, and improve customer satisfaction. Key Highlights - New FTC Rules Demand Simple Cancellations - Massive Fines Ahead for Non-Compliant Businesses - Why Self-Service Options Are Key for Subscription Success - Proactive Adjustments Could Save Your Business - Retention Beats Acquisition: The Smart Strategy - Building Trust with Transparent Billing - Automation: The Secret Weapon for Compliance - How Transparent Cancellation Policies Build Loyalty - Data-Driven Strategies for Reducing Churn - The Future of Subscription Services Depends on Complianc Takeaways 1️⃣ Make Cancellations Effortless to Stay Compliant 2️⃣ Stop Misleading Ads Before the FTC Hits You with Fines 3️⃣ Streamline Billing Disclosures for Consumer Trust 4️⃣ Implement Self-Serve Tools for Smooth Subscription Management 5️⃣ Use Data to Prevent Cancellations Before They Happen 04:08 FTC's New Click to Cancel Rule 05:33 Legal Implications of the New Rule 05:47 Industry Experts Weigh In 07:04 Core Tenets of the FTC Rule 11:19 Changes from Proposal to Final Rule 15:42 Effective Dates and Business Adjustments 16:42 Impact on Subscription Businesses 17:10 Solvpath's Role in Adapting to Changes 21:10 Data-Driven Approaches to Reduce Churn 22:28 Challenges and Compliance Strategies 33:54 In-Person and Telephone Sales Compliance 42:56 Final Thoughts and Recommendations 43:43 Pre-Canned Solutions for Easy Compliance 43:58 The Benefits of Easy Cancellation 44:40 Understanding the Full Billing Cycle 45:11 FTC's Perspective on Cancellation 47:13 Post-Sale Strategies for Customer Retention 48:53 The Importance of Compliance 49:41 Challenges for New Advertisers 50:14 The Role of Self-Serve Automation 50:32 Impact of New Regulations on Advertisers 58:41 Long-Term Perspective on Compliance 59:57 Future Expectations in the Marketplace 01:11:10 Aligning with Card Brand Rules 01:18:51 Final Thoughts and Positive Takeaways Links:Solvpath: https:getsolvpath.com/ Bakerhsosltetler: https://www.bakerlaw.com/ Fintech Confidential YouTube: https://fintechconfidential.com/watch Podcast: https://fintechconfidential.com/listen Notifications: https://fintechconfidential.com/access LinkedIn: https://www.linkedin.com/company/fintechconfidential Twitter: https://twitter.com/FTconfidential Instagram: https://www.instagram.com/fintechconfidential Facebook:...

    1h 23m
  4. Factor Now, Pay Later

    OCT 17

    Factor Now, Pay Later

    Click Here See More In this episode of FinTech Confidential, host Tedd Huff interviews Jordan Olivas, the founder of Harvv, a B2B accounts receivables financing platform. The conversation focuses on how Harvv is helping businesses in traditional industries, such as recreational vehicles, construction, raw materials, and consumer packaged goods, by offering innovative financial solutions that streamline their payment processes and improve cash flow. Throughout the discussion, Jordan shares valuable insights on the challenges these industries face and how Harvv’s platform addresses these issues by making the payment and financing process easier for both sellers and buyers. Key HighlightsWhy Flexible Payment Terms Are the Key to Faster Cash FlowThe Secret to Reducing Financial Risk with Payment SolutionsHow Automation Saves Time in Managing PaymentsWhy In-House Financing Comes with Hidden CostsWhat Traditional Industries Need to Know About Payment TermsWhy Customer Service Plays a Big Role in Payment SuccessHow Tight-Margin Industries Can Improve Financial StabilityStreamlined Onboarding Can Make or Break Payment SystemsWhy Reverse Factoring Beats Traditional FinancingThe Importance of Perseverance in Business Success   Takeaways1️⃣ Get Paid Faster with Flexible Payment Options 2️⃣ Automate to Eliminate Manual Payment Chasing 3️⃣ Shift Credit Risk to Buyers for Safer Deals 4️⃣ Reduce Hidden Costs by Outsourcing Financing Tasks 5️⃣ Offer Multiple Payment Methods for Customer Convenience SupportersUnder: Revolutionize merchant applications with digital transformation. Discover more at https://under.io/ftc Skyflow, privacy platform trusted by leading financial institutions, to protect customers’ data. www.skyflowsecure.com HAWK: Enhance compliance with real-time monitoring and advanced AI. https://gethawkai.com for better compliance. Links:[Company Name] Website: Linkedin: Facebook: Instagram: Twitter: Youtube: Fintech Confidential YouTube: https://fintechconfidential.com/watch Podcast: https://fintechconfidential.com/listen Notifications: https://fintechconfidential.com/access LinkedIn: https://www.linkedin.com/company/fintechconfidential Twitter: https://twitter.com/FTconfidential Instagram: https://www.instagram.com/fintechconfidential Facebook: https://www.facebook.com/fintechconfidential Supporters Support is provided by MPC 2023, the premier event for fintech leaders. This is your chance to shake hands and rub shoulders with the world's top experts in payments, loyalty, blockchain, digital currencies, cybersecurity, consumer privacy, and other emerging fintech solutions connecting you directly with the future of commerce. If you haven't already, mark your calendars for August 23rd through the 25th and join me and Fintech Confidential at the Westin Atlanta Perimeter North. When you sign up for FinTech confidential notifications, you will receive a discount from $50 to 100% off. Or use this link for $50 of registration. https://mpcevent.com/FTC50 This is a Production of Diamond D3, Media ABOUT: Jordan Olivas: Jordan is the founder of Harvv, a rapidly growing B2B factoring platform that's...

    44 min
  5. Are You Suffering from Business Identity Crisis?

    OCT 10

    Are You Suffering from Business Identity Crisis?

    In this episode of FinTech Confidential, Tedd Huff and Colton Pond chat with Jonathan Awad, co-founder and CEO of Baselayer. They cover some pretty interesting topics around identity verification and fraud prevention for businesses, especially small and medium-sized ones. The conversation is packed with useful insights into how financial institutions are dealing with these challenges, and how new tech is changing the game for everyone involved. The main focus of the discussion is about making business identity verification smoother and faster. Financial institutions are constantly trying to figure out how to trust the businesses they work with. Traditionally, this process has been slow, complicated, and full of risks. Nowadays, technology helps solve these problems by verifying business identities in real-time. The result is a more secure onboarding process, which cuts down on fraud and makes it easier for businesses to prove who they are. What’s really cool is that it doesn’t stop at just checking identities. Companies now have tools that can keep an eye on businesses long after they’ve been verified. Instead of just doing a one-time check, financial institutions get real-time updates if something about a business changes. So if a new risk pops up or fraud becomes more likely, they’re alerted immediately. This continuous monitoring is a big win for risk management, helping financial institutions stay ahead of any potential issues. Another important takeaway from the episode is how AI is used. There’s a lot of talk about AI in the world of fintech, but the key here is that it’s not about the technology itself—it’s about what it can do. AI makes fraud detection faster and more reliable, but what really matters is that it helps solve problems in a practical way. The conversation makes it clear that financial institutions are less interested in how fancy the tech is and more interested in whether it works efficiently. And it does—by preventing fraud and helping businesses stay compliant with regulations. The episode also touches on what it takes to secure funding and build a successful fintech company. There’s a lot of emphasis on having a strong team and a clear vision. Investors want to see that the company can actually deliver results, and that the team behind it knows what they’re doing. This is especially important in fintech, where the stakes are high and customers expect things to work flawlessly. It’s not enough to just have a good idea—you need to prove that it can succeed in the real world. One of the more eye-opening parts of the episode is about the future of managing identities. The idea of controlling your identity through apps is something that could make things a lot easier for everyone, from individuals to large companies. While it’s still in the early stages, the potential is clear. If done right, it could make identity verification quicker and more secure, leading to better financial access for more people. Toward the end, they discuss some up-and-coming companies that are also making waves in fintech. There’s mention of Not K, Solo, and LoanPro—companies that are tackling big problems like fraud prevention and business lending. These are the types of companies that could really change how the financial industry operates in the future. All in all, this episode is filled with useful information for anyone interested in fintech or business risk management. The focus is on how technology is helping solve real-world problems like fraud and compliance, and the tips on building a strong team and securing funding are especially helpful for anyone looking to break into the space. It’s definitely worth a listen if you want to understand where the industry is headed and how these challenges are being tackled with new tools and strategies. Key Highlights  The Secret to Fraud Prevention Nobody Talks About In this...

    56 min
  6. What's REALLY Shaping the Future of Fintech?

    OCT 3

    What's REALLY Shaping the Future of Fintech?

    Learn MoreIn this episode of Leaders One on One by Fintech Confidential, Tedd Huff talks with Scarlett Sieber, the Chief Strategy and Growth Officer at Money 20/20, about the key trends and issues shaping the fintech industry. The episode focuses on topics like fraud prevention, artificial intelligence (AI), regulations, and how fintech events like Money 20/20 help companies connect and grow. Key HighlightsHow AI is Redefining Fraud Detection Tightening Regulations in Fintech Super Apps Are Changing Everyday Transactions Simplifying Cross-Border Payments Open Banking Drives New Services Fintech Events: More Than Just Networking The Growing Focus on Fraud Prevention The Power of Networking in Fintech Flexibility Is Key for Fintech Startups Compliance: A Growing Concern for Fintech Takeaways1️⃣ Leverage Competitive Networking at Conferences 2️⃣ Make the Most of Focused Content Sessions 3️⃣ Use Customer Feedback to Improve Fintech Offerings 4️⃣ Adapt to Market-Specific Models 5️⃣ Capitalize on Strategic Partnerships with Tech Giants SupportersUnder: Revolutionize merchant applications with digital transformation. Discover more at https://under.io/ftc Skyflow, privacy platform trusted by leading financial institutions, to protect customers’ data. www.skyflowsecure.com HAWK: Enhance compliance with real-time monitoring and advanced AI. https://gethawkai.com for better compliance. About: Scarlett Sieber: Scarlett is the Chief Strategy and Growth Officer at Money20/20 and a bestselling author, having recently published "Embedded Finance: When Payments Become An Experience. Scarlett's expertise has been recognized by her appointment as a senior advisor to NASA, and her diverse career spans various roles in the finance and tech sectors. She was previously Vice President at USA where she led their newly created business development initiative and as Chief Innovation Officer of Opus Bank, she led the digital strategy and transformation for Opus and its $15B trust subsidiary, Pensco. Money 20/20: Founded in 2011, Money20/20 creates destination shows where the most innovative people in payments, fintech, and the broader financial services industry connect. Famed for their high-impact networking, theUSA, Europe and Asia editions are regarded as unmissable by financial services professionals. Money20/20 is the space where the industry's smartest visionaries and innovators come together to create the future of money. Money20/20 is an Ascential show. Tedd Huff: Tedd Huff is the Co-Founder of Voalyre, and the President & Founder of Diamond D3, a professional services consulting firm focused on global payments and marketing. He is also a video podcast host and producer of Fintech Confidential. Over the past 24 years, he has contributed to FinTech startups as an Advisory Board Member, Co-Founder, and Chief Experience Officer, providing strategic and tactical direction for Global Payments OpenEdge, Heartland Payments, Nuvei, and TSYS, among others, focusing on growth while delivering innovation, process improvements and user experience-driven value to simplify the complexity of payments. DD3, Media: A media creation, management, and production company delivering engaging content globally Chapters00:19 Episode Highlights 02:09 Meet Scarlett Sieber 03:39 The Sneaker Contest 05:15 What Makes Money2020 Special 06:56 Scarlett's Path...

    1h 1m
  7. $30 Billion Personal Loan Secrets - Best Egg’s Strategy for Flexibility, Innovation and Scaling Customer Satisfaction.

    SEP 18

    $30 Billion Personal Loan Secrets - Best Egg’s Strategy for Flexibility, Innovation and Scaling Customer Satisfaction.

    In this episode of Accrued a FinTech Confidential series presented by LoanPro, hosts Tedd Huff and Colton Pond speak with Alex Rhodes, the Chief Operating Officer of Best Egg. Alex shares insights into the strategies that have made Best Egg a strong player in the personal finance industry. Throughout the discussion, Alex emphasizes how the company focuses on customers, improves efficiency, and adapts to changes in the market.   Best Egg has grown significantly since its start in 2014. Alex explains that one of the key factors behind this growth is the company's commitment to understanding and serving its customers. By listening to what borrowers need and being flexible with repayment plans, Best Egg has been able to keep its customers satisfied and loyal. This focus on customer experience has helped them create services that meet the needs of people from different financial backgrounds. One of the standout points Alex mentions is how Best Egg adjusted during the COVID-19 pandemic. During this time, many people faced financial challenges, and the company responded by offering flexible repayment options to help borrowers manage their loans. This approach not only helped customers during a difficult time but also strengthened the relationship between the company and its clients. Alex also touches on how Best Egg uses technology to improve both the efficiency of its operations and the experience of its customers. For example, they have created self-service tools that allow customers to manage their loans online. This means borrowers can adjust their payments or check their account details whenever they need to, without having to contact customer service. By making the loan process easier and more convenient, Best Egg has increased customer satisfaction while also reducing costs. Looking forward, Alex predicts that data and personalization will play a big role in the future of lending. He believes that companies will need to use customer data to offer more tailored services that meet individual needs. This shift could make the lending process more efficient and more responsive to what customers want. While some may see this as a challenge, Alex views it as an opportunity for Best Egg to continue to grow and succeed. Best Egg's focus on its employees also contributes to its success. Alex explains that the company works hard to ensure that its staff feels valued and supported. By keeping employee turnover low, Best Egg maintains a workforce that is experienced and dedicated to providing excellent service. This, in turn, benefits the company’s customers, as they receive help from knowledgeable and motivated employees. Throughout the episode, Alex also discusses how the company uses advanced technology like artificial intelligence (AI) to improve its operations. For example, AI can help streamline certain tasks, allowing employees to focus on more important aspects of their work. This use of technology not only improves efficiency but also enhances the overall experience for both employees and customers. Alex wraps up the conversation by reflecting on what lies ahead for the lending industry. He believes that personalization, the effective use of data, and a continued focus on customer service will be key factors that separate successful companies from the rest. While there will always be challenges, Best Egg is well-positioned to continue meeting the needs of its customers and growing as a company. In summary, this episode provides a thorough look at how Best Egg has managed to succeed in a competitive industry. By focusing on customer experience, using technology to improve efficiency, and investing in its employees, the company has built a strong foundation for future success. As the lending industry evolves, Best Egg’s ability to adapt and remain customer-focused will likely keep it at the forefront of personal lending.   Key...

    42 min
  8. Borrowers, Become Lenders - How Solo Funds fosters long-term financial growth for underserved communities.

    SEP 13

    Borrowers, Become Lenders - How Solo Funds fosters long-term financial growth for underserved communities.

    In this episode of FinTech Confidential’s Leaders One on One series, Tedd Huff and Rodney Williams, co-founder and president of Solo Funds, tackle key topics impacting the fintech world. The conversation explores the challenges and opportunities within the industry, providing listeners with fresh insights into financial technology and the evolution of lending models. One of the central discussions revolves around the exodus of fintech founders. With many industry leaders leaving for other sectors, the conversation sheds light on the tough realities of fintech today. Increased regulatory scrutiny and a lack of investor enthusiasm are driving founders to seek opportunities outside the fintech space. Tedd and Rodney discuss what this means for the future of the industry and how remaining resilient is crucial for fintech entrepreneurs. A major theme is how Solo Funds is disrupting traditional lending models, particularly payday loans. By allowing borrowers to set their own loan terms, Solo Funds gives users control over their financial decisions. This borrower-first approach is a stark contrast to payday loans, which often come with high fees and rigid repayment schedules. By focusing on flexibility and transparency, Solo Funds is transforming the way underserved communities access financial resources. Another important topic is the role of transparency in building trust. The conversation highlights how Solo Funds provides borrowers with clear, upfront information on what others have paid for loans, ensuring users make informed decisions without hidden fees. This transparency not only increases borrower trust but also leads to better financial outcomes, including lower default rates. For fintech companies, transparency is presented as a key factor in earning user loyalty and reducing risk. A recurring issue in the fintech space is the challenge of regulatory compliance. Rodney and Tedd explore how fintechs often face unclear regulations, creating roadblocks for growth. They emphasize the importance of fintech companies educating regulators and working closely with them to create a framework that supports innovation while ensuring compliance. The conversation points out that navigating the legal landscape is one of the most significant challenges for fintech startups, making collaboration with regulatory bodies a necessity for long-term success. The episode also dives into the financial realities of launching a fintech company. Compliance and regulatory approval come with hefty costs, often in the millions, which can be a barrier for new entrants. For entrepreneurs looking to start a fintech business, understanding these hidden costs is essential. The discussion stresses that having financial backing and careful planning are critical for startups hoping to break into the competitive fintech market. A key highlight of the conversation is Solo Funds’ status as a certified B Corporation, reflecting its commitment to social impact. Unlike profit-driven corporations, B Corps must meet high standards of social and environmental performance. This certification sets Solo Funds apart as a company focused on financial inclusion and empowering underserved communities. The conversation emphasizes how aligning business with a social mission can differentiate a company in a crowded fintech space. An intriguing part of the discussion focuses on how Solo Funds empowers borrowers to become lenders. The platform not only helps borrowers access funds but also enables them to transition into lenders themselves over time. This unique model promotes long-term financial independence and provides a sustainable solution for users. The conversation illustrates how this approach fosters a cycle of empowerment, positioning Solo Funds as a model for creating financial...

    48 min
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About

Entertaining information focused on Fintech industry insights, market trends, news, and life stories from Fintech leaders, thinkers, and doers.

Information

  • Creator
    DD3, Media
  • Years Active
    2021 - 2024
  • Episodes
    97
  • Rating
    Clean
  • Copyright
    © Copyright 2024 Diamond D3, LLC
  • Show Website
    Fintech Confidential

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