Technology is not new to banks. From core processors to online banking to payments, community banks have been innovators for decades. Increasingly, however, financial products, services, and offerings have been unbundled, and the financial technology (FinTech) companies that offer these tools or products have become key partners for banks. Each potential partner represents promise, but that promise is not without risk.
Join our discussion with Barack Ferrazzano Partners Rob Fleetwood and Justin Steffen, two of the firm’s Financial Institutions Group Partners who help community banks identify, negotiate, and partner with FinTech companies.
They will lead the discussion and address:
- Cryptocurrency, artificial intelligence and data analytics tools, payments innovations (including real-time payments), open banking, and other technologies of which banks should be aware;
- Bank-FinTech partnerships and Banking-as-a-Service;
- OCC, FDIC, and other regulatory guidance on technology and technology companies;
- Bank investments in BankTech and FinTech venture funds; and
- M&A, litigation, and regulatory concerns that banks need to consider before partnering.