76 episodes

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

Fintech Confidential DD3, Media

    • Business
    • 4.2 • 5 Ratings

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

    Unlock the Power of Personal Loans with Happy Money's Expertise

    Unlock the Power of Personal Loans with Happy Money's Expertise

    In this episode, Tedd Huff and Colton Pond interview Joe Heck, the CEO of Happy Money. Happy Money focuses on personal lending and debt consolidation, aiming to help borrowers achieve their financial goals. They use personal loans to improve their financial situations. Joe shares insights on Happy Money's mission and their unique approach to lending, focusing on cash flow underwriting and differentiation in the market.
    Joe also discusses the importance of alternative data and the impact of credit unions as strategic partners. Happy Money partners with credit unions to deliver a member-centric experience, emphasizing the shift from transactional lending to building relationships with consumers. He highlights the role of technology in providing personalized experiences and the need for business agility.
    Joe shares his vision for the future of financing, including the potential of AI. He concludes by emphasizing the importance of optimizing infrastructure and focusing on the consumer to achieve Happy Money's mission of designing a happier way of lending..
    Five essential items you will take away.
    1️⃣ Empowering Borrowers: Happy Money is dedicated to turning borrowers into savers by consolidating credit card debt into lower interest rate personal loans.
    2️⃣ Partnerships with Credit Unions: The company's strategic partnerships with credit unions provide a competitive edge and align the interests of consumers and financial institutions.
    3️⃣ Importance of Technology: Investing in technology and personalized experiences is crucial for delivering a member-centric experience in the lending industry.
    4️⃣ Future of Financing: Joe Heck discusses the potential of leveraging AI to personalize and simplify the customer experience in the future of financing.
    5️⃣ Optimizing Infrastructure: The importance of optimizing infrastructure to focus on customer-centric solutions and improve the overall lending experience.
    Key Highlights:Happy Money's Mission: Focus on helping borrowers become savers through personal lending and debt consolidation.Insights from the CEO of Happy Money, Joe Heck: Company's journey and approach to lending.Innovative Lending Approach: Utilizing cash flow underwriting and alternative data to personalize lending decisions.Partnerships with Credit Unions: Strategic alliances with credit unions to offer a member-centric experience and expand network partnerships.Empowering Borrowers: Transitioning from transactional lending to building ongoing relationships with borrowers.Investment in Technology: Leveraging technology to drive personalized experiences and improve financial well-being.Future of Financing: Exploring the potential of AI in personalizing and simplifying the customer experience.Optimizing Infrastructure: Emphasizing the importance of infrastructure optimization for customer-centric solutions.Empowerment and Financial Education: Highlighting the role of Happy Money in empowering consumers with knowledge and tools for better financial decisions.Member Success Stories: Discussing the impact of Happy Money's approach on the lives of over 300,000 members and their journey to financial freedom.
    Watch on YoutubeLinks:Happy Money
    Website: https://happymoney.com/
    Linkedin: https://www.linkedin.com/company/happy-money/
    Fintech Confidential
    YouTube: https://fintechconfidential.com/watch
    Podcast: https://fintechconfidential.com/listen...

    • 46 min
    Passions to Purchases - Financing Your Next Adventure Starts Here

    Passions to Purchases - Financing Your Next Adventure Starts Here

    In this episode of "Accrued, a Fintech Confidential series presented by LoanPro, Tedd Huff and co-host Colton Pond sit down with Mike Dushane, the Chief Product Officer at Octane, to learn how getting loans for fun and recreational activities is becoming easier and more user-friendly. 
    Mike has a rich background in the automotive and power sports industries. He shares how his passion and career have merged at Octane, leading to groundbreaking work in recreational financing. He explains Octane's mission: to streamline the loan process for customers looking to purchase RVs, motorcycles, and other recreational vehicles, making these dreams more attainable than ever before.
    Throughout the episode, the trio looks at the nuts and bolts of what makes Octane different. Mike highlights the company's close collaborations with dealers and manufacturers, ensuring that customers not only find the perfect vehicle but also secure financing in a smooth, hassle-free manner. This partnership model not only benefits customers but also strengthens the ecosystem around recreational vehicles, fostering a community of enthusiasts supported by accessible financing options.
    Mike shares his insights into how Octane's customer-centric approach sheds light on the importance of understanding and empathy in finance. By prioritizing the needs and experiences of their customers, Octane is able to offer personalized loan options that resonate with individuals' unique circumstances. This approach is not just about making sales; it's about building lasting relationships and supporting customers' lifestyles and passions.
    Looking to the future, the episode explores Octane's vision for continuing to innovate and improve the financing process. With a focus on leveraging technology and data, Mike discusses how Octane is constantly seeking new ways to enhance the customer experience, making it even easier for people to finance their recreational dreams. 
    You will come away from this episode with a deeper understanding of how fintech is transforming the landscape of recreational financing. Through engaging stories and insightful discussions, Tedd, Colton, and Mike illuminate the exciting possibilities that lie ahead in making finance more accessible and aligned with the passions that drive us.
    Watch on YouTube.Key HighlightsMike's Automotive Background and Passion for Power Sports: Before joining Octane, Mike had extensive experience in the automotive industry and a personal passion for cars and power sports, which he brings to his role.The Importance of Team Success: Mike attributes Octane's success not to individual efforts but to the team's collective hard work and innovation.Octane's Approach to Lending: Octane initially focused on serving customers in the prime and near-prime segments, looking beyond traditional metrics to responsibly extend credit to those often overlooked by big banks.Customized Loan Offers: Utilizing alternative data and proprietary models, Octane can provide more personalized loan offers, often outperforming competitors by offering better terms or servicing customers they might decline.Technology Integration with Dealers and OEMs: Octane integrates its technology with dealer and OEM platforms, streamlining the loan application and approval process to enhance the customer experience and facilitate instant loan...

    • 43 min
    Wise up your Fintech: To Do What Fintechs Do Best

    Wise up your Fintech: To Do What Fintechs Do Best

    In this episode of "Accrued: A Fintech Confidential Series," presented by LoanPro, Host Tedd Huff and Co-Host Sarah Howell sit down with Robert Keil, the Chief Fintech Officer at FinWise Bank, to discuss the evolving world of sponsor banking. Robert shares insights from his rich banking background, shedding light on the pivotal changes and dynamic interplay between fintechs and traditional banking. 
    They discuss the challenges associated with sponsor banking and how FinWise Bank manages to stay ahead of the curve. Robert discusses the bank's unique approach to banking solutions, emphasizing technology's critical role in enhancing compliance and operational efficiency. 
    They also uncover the importance of the collaborative landscape between fintechs and banks, highlighting the shift in perspective towards viewing fintechs as vendors and the importance of aligning philosophies for successful partnerships. It's an insightful session filled with firsthand experiences and practical strategies from one of the industry's seasoned professionals.
    They also peek into the Crystal Ball of the future, offering a glimpse of emerging trends and potential shifts in the sponsor banking arena. Robert's commentary on the importance of B2B opportunities and the potential for embedding financial products in various sectors hints at exciting developments on the horizon. For anyone interested in understanding the intricacies of fintech and banking collaboration, this episode is not just a conversation but a view into the future of Sponsor Banking. It's an essential listen for innovators, thinkers, and anyone curious about the transformative power of technology in finance.
    Watch on YouTube. Key HighlightsUnlock the Secrets of Sponsor Banking with FinWise's Chief Fintech Officer: With his extensive banking experience, Robert Keil breaks down the complexities of sponsor banking, shedding light on the synergy between fintech innovations and traditional financial systems. Learn about the importance of embedded banking products and how they transform the finance landscape.The Future of Transactions: Beyond Deposits and Payments: The emerging trends in digital payments, from seamless transactions to cutting-edge banking solutions, find out how FinWise Bank is leading the charge in redefining how we think about Sponsor bankingFintech Compliance and Innovation: Robert Keil shares insights on how FinWise is fostering innovation while maintaining a critical balance between compliance and innovation, ensuring a safe and forward-thinking banking environment.Tech-Driven Banking: See how FinWise Bank leverages the latest tech to enhance operational efficiency and offer unparalleled banking experiences.The Power of Fintech and Bank Collaborations: Learn how collaborations between fintech companies and traditional banks reshape the financial ecosystem and offer consumers more personalized and efficient services.B2B Innovations in Fintech: Discover how FinWise Bank is pioneering solutions that address businesses' unique needs, streamlining operations, and facilitating corporate growth.Overcoming Challenges in the Fintech Space: Robert Keil discusses the significant hurdles facing the fintech industry today, from regulatory challenges to technological barriers, and how FinWise Bank navigates these issues to stay ahead of the curve.Empowering Fintechs with Cutting-Edge Banking Solutions: Find out how FinWise Bank empowers fintech startups with robust banking platforms. These platforms enable them to innovate and disrupt the traditional banking model while ensuring compliance and security.The Evolving Landscape of Digital Banking: Shifts in consumer behavior and how banks adapt to meet...

    • 48 min
    Sponsor Banking Redefined : Column's Blueprint for the Future

    Sponsor Banking Redefined : Column's Blueprint for the Future

    In this dynamic episode of Accrued, a Fintech Confidential series presented by LoanPro,  hosted by Tedd Huff and co-host Colton Pond, They explore the cutting-edge solutions Column is bringing to sponsor banking. Brian Fishbein, Column's Head of Investing and Treasury, joins the discussion, providing an insider's perspective on how Column is challenging traditional banking norms. By focusing on enabling developers and builders to create novel financial products, Column is uniquely positioned as a nationally chartered bank dedicated to sponsor banking initiatives.
    The episode covers Column's commitment to increasing visibility and control within credit programs, their deep understanding of compliance activities, and the ability to address and resolve issues promptly. These aspects are vital for fintech partners and a testament to Column's innovative and responsible approach to financial services.
    Further, the conversation highlights Column's unique value proposition. It distinguishes itself from traditional sponsor banks by prioritizing developer needs and allowing for rapid innovation within the regulatory framework. Brian Fishbein's diverse background, from his engineering degree from Princeton University to his significant experience in the financial sector, provides valuable insights into Column's strategies and operations.
    As the discussion unfolds, it becomes clear that Column's vision extends beyond merely offering new banking services. It's about creating a more inclusive, efficient, and responsive financial ecosystem, leveraging technologies like blockchain for enhanced security and transparency. The episode concludes on a reflective note, considering the broader societal impacts of fintech innovations, including making financial services more accessible and fostering economic growth.
    This episode of Accrued features engaging dialogue with Brian Fishbein and insightful commentary from hosts Tedd Huff and Colton Pond. It illuminates the transformative role of Column in the sponsor banking industry and sets new benchmarks for what's possible in fintech.
    Watch on YouTubeKey HighlightsRevolutionizing Banking Infrastructure: How Column's innovative platform is setting new standards for real-time financial transactions and service delivery.The Founders' Journey: Annie and Eddie's inspirational path from identifying market needs to launching a groundbreaking fintech solution.A New Era of Financial Transactions: Column's contribution to making instant payments and streamlined lending a reality for consumers and businesses.Building on Trust and Security: Insights into Column's rigorous regulatory and compliance measures that ensure user data protection and trust.Overcoming Regulatory Hurdles: The strategic approaches Column used to navigate the complex financial regulatory environment during its early stages.Fostering Innovation through Open APIs: How Column empowers developers to create customized financial services and applications.The Future of Inclusive Banking: Column's vision for a financial ecosystem that caters to underserved markets and promotes economic inclusion.Blockchain's Role in Banking: Exploring the potential impacts of blockchain technology on the future of secure and transparent banking services.Challenges and Triumphs: A candid look at the obstacles Column faced and overcame in its mission to redefine banking.Beyond Fintech: The broader societal implications of Column's work in promoting financial equality and fostering economic growth.
    TakeawaysInnovation as a Catalyst for Change: Column's story underscores the transformative power of fintech in reshaping the banking industry and addressing long-standing inefficiencies.Security and Compliance

    • 43 min
    Why Pay by Bank? An Uncertain Future of Instant Payments in the US.

    Why Pay by Bank? An Uncertain Future of Instant Payments in the US.

    Tedd Huff, co-host Matt Vanhouten, and special guest Dean Nolan, the Managing Director of Commercial Payments at SRM, deeply dive into Pay by Bank and its uncertain future in the US. 
    Dean brings to the show an extensive background with the US payments ecosystem from the US Faster Payments Council, executive director of PayCLT, payments patent owner, and more, which provides a unique lens through which we explore the intricacies of Pay by Bank systems.
    The episode’s journey through the concept of Pay by Bank is a novel approach to financial transactions that circumvents traditional payment methods, allowing consumers to directly transfer funds from their bank accounts to merchants or service providers. This method promises to streamline the payment process, potentially reducing costs and enhancing security for all parties involved. However, as they clarify, the path toward widespread adoption of Pay by Bank in the U.S. is fraught with challenges, including regulatory hurdles, the critical need for real-time fraud prevention measures, and the required paradigm shift in consumer and merchant acceptance.
    Much of this discussion expresses the technological advancements propelling Pay by Bank into the spotlight. Innovations such as APIs, Instant Payments, FedNow, and RTP are dissected, revealing how they contribute to the efficiency and security of real-time transactions. These technologies are being touted as the next great thing in payment transactions, but they also introduce complexities in implementation and adoption for everyone.
    We explore the pivotal role of intermediaries in the Pay by Bank ecosystem, including banks and payment processors. These intermediaries' influence on transaction costs and the overall user experience cannot be overstated, as they could make or break Pay by Bank's success. Not only that, but we explore the strategic considerations facing financial institutions as they weigh the benefits of innovation against the potential risks and competitive pressures within the banking sector.
    From the consumer’s vantage point, the episode examines the market dynamics and behavioral trends that influence the adoption of Pay by Bank. The psychological barriers and practical considerations that sway consumer preferences are thoroughly analyzed, providing a nuanced understanding of the factors driving consumer behavior in the financial services market.
    Speculating on the future of Pay by Bank, the episode offers forward-looking insights into emerging use cases, their impact on merchant-consumer transactions, and how the regulatory framework might adapt to support this innovation. It discusses the potential for Pay by Bank to revolutionize low-value transactions, such as micropayments, highlighting the conditions necessary for consumers to embrace this method for everyday transactions.
    This episode of "UNCUT by Fintech Confidential" discusses the challenges and opportunities presented by Pay by Bank and instant payments in the U.S. 
    Key Highlights:Exploring 'Pay by Bank' Solutions: Unveil the simplicity of Pay by Bank, a game-changer in financial transactions that links consumer bank accounts directly to merchants, moving away from traditional card dependencies. Discover how this approach is streamlining purchases.Revolutionizing Payments with Technology: Dive into how APIs, Instant Payments, FedNow, and RTP are transforming the banking sector, making transactions quicker and more secure, and setting a new standard for the future of commerce.Overcoming Adoption Barriers: Delve into the challenges blocking the widespread acceptance of Pay by Bank, from regulatory hurdles to the necessity for...

    • 1 hr 12 min
    Pulling Threads, Pushing Boundaries! The Core Switch Catalyst at Mascoma Bank

    Pulling Threads, Pushing Boundaries! The Core Switch Catalyst at Mascoma Bank

    In this engaging episode of FinTech Confidential, hosts Tedd Huff and Colton Pond, along with Rafael Reznek (Chief Technology Officer) and Sam Pause (Chief Innovation and Brand Officer), share insights into Mascoma Bank's distinctive approach in the banking sector. Known for its unique mutual ownership model and focus on community and environmental sustainability, the bank shines as a model of innovation and customer-first services in the digital banking era.
    The conversation opens up about how Mascoma Bank prioritizes its community, highlighting its strides in technology to push the boundaries of innovation, including its noteworthy achievement as a certified B Corporation. It casts a spotlight on the bank's significant tech upgrades, designed to redefine banking for the digital customer by emphasizing proactive, tailored financial services.
    The discussion moves to the strategic shift towards more personal, community-based banking experiences, emphasizing Mascoma Bank's effective use of technology to enhance customer service. Rafael and Sam explore the bank's deployment of Core Switch technology for efficient account transfers, addressing challenges in lending with innovative solutions, and setting benchmarks for banking evolution. Looking ahead, they share thoughts on the future of banking and lending tech, focusing on utilizing data, artificial intelligence, and crafting individualized customer journeys.
    This episode is an essential listen for those keen on how traditional banking can adapt and thrive by focusing on technology, community engagement, and sustainability, showcasing Mascoma Bank as a pioneer in the financial landscape.
    Key Highlights:Mutual Ownership and Sustainability: Mascoma Bank stands out for its mutual ownership model, which emphasizes community and environmental sustainability, distinguishing it in the banking industry.Positive Use of Technology: The bank leverages technology not just for efficiency but also to improve customer experiences and make a positive impact on the community.B Corp Certification: Achieving B Corp status enables Mascoma Bank to focus on its social and environmental impact, ensuring accountability and higher standards.Tech Transformation: Mascoma Bank is updating its technology infrastructure to become more proactive and customer-focused, shifting from traditional practices.Community Banks' Rise: The popularity of community banks like Mascoma is growing because of their attentive customer service and smart use of technology to meet current needs.Core Switch Technology: This technology offers a way to move away from outdated systems, providing more adaptable and friendly banking solutions.Simplifying Lending Platforms: By automating and tailoring their processes, the bank addresses the complexities of lending platforms, boosting efficiency and customer service.
    Takeaways:Community and Tech Commitment: Mascoma Bank exemplifies the balance between prioritizing community values and using technology to enhance services and impacts.Customer-Centric Focus: The bank's shift towards prioritizing customer needs through technology shows the potential for community banks to stand out.Unique Position with B Corp: Being a B Corp distinguishes Mascoma Bank by underscoring its commitment to ethical and responsible banking.Forward-Looking Tech Approach: Mascoma Bank's move to update its technology and focus on customer needs underlines its approach to tackling future banking challenges.Clear Success Indicators: Enhanced customer satisfaction, streamlined processes, and reduced costs are the benchmarks for Mascoma Bank's modernization efforts, showing a strategic approach to improvement.
    Also, watch the entire episode on YouTube....

    • 48 min

Customer Reviews

4.2 out of 5
5 Ratings

5 Ratings

K Grossi ,

Top notch podcast

Tedd is a great host and always brings on the most interesting guests! This is my go-to for learning more about the fintech space and all the cool companies that are part of it.

Riggs Eckelberry ,

Very pointed and useful podcast

Tedd is an outstanding host and he really brings out the hot info from his guest! Keep up the great work.

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