✳flâneur — a map of the web's best reading

April 2024: Revisiting: Common Problems with Banking partners

writing.kunle.app · 2,979 words · saved by 1 readers

3 years ago I wrote about some common problems with bank partners: https://kunle.app/august-2021-common-problems-with-bank-partners.html It delved into the issues that arise between fintechs and their bank partners, particularly in card issuing + deposits, but might be generally applicable to other programs (like lending, bnpl etc) particularly as all fintechs basically touch identity information in some way, and many problems arise from identity data being misused in some way. I called out 3 types of problems that you might encounter running a program: Regulatory Problems, Network Problems and Operational Problems. The full original/unedited essay is below the fold. In hindsight the thing I was most wrong about was this statement about Regulatory Problems: “This is a low probability, high impact way things could go wrong” If you’ve been following fintech over the last 18 months it’s clear that regulatory problems are much higher probability as a meaningful number of the banks that und

April 2024: Revisiting: Common Problems with Banking partners Some problems are far more common than I originally thought Kunle Apr 10, 2024 6 2 Share 3 years ago I wrote about some common problems with bank partners: https://kunle.app/august-2021-common-problems-with-bank-partners.html It delved into the issues that arise between fintechs and their bank partners, particularly in card issuing + deposits, but might be generally applicable to other programs (like lending, bnpl etc) particularly as all fintechs basically touch identity information in some way, and many problems arise from identit

Explore this link on the map →

related reading