We kick off with a crossover segment featuring Fintech Takes host and fintech insider Alex Johnson, who joins Jason to break down major themes from Money20/20 2024. Together, they explore the hot topics shaping fintech right now: bank-fintech partnerships, Banking-as-a-Service (BaaS), open banking (1033), and the evolving role of AI.

Alex shares highlights from his on-stage interview with CFPB Director Rohit Chopra, where they discussed the finalized 1033 rule, the ongoing legal pushback from big banks, third-party risk management, and new BaaS standards aimed at creating more balanced partnerships. The duo also dives into the rapid-fire world of AI. Is it all just hype, or are we approaching real innovation? With regulation on the rise, there’s a lot for the industry to figure out—standards, safeguards, and perhaps even a looming digital divide.

Finally, Jason wraps things up with a lively chat with Mary Wisniewski, Editor-at-Large for Cornerstone Advisors. They discuss financial therapy, Mary’s perspective on the latest 1033 updates, and even squeeze in a bit of Texas Hill Country fun. Hit play and join us for a packed episode!

Read the entire transcript here.

Brett King introduces the episode, discussing highlights from Money 2020, including insights into fintech trends and key partnerships.

A reflection on the regulatory and industry conversations around open banking and the CFPB’s finalized 1033 rule.

Insights into third-party risk management, standard-setting challenges, and the evolving dynamics of bank-fintech partnerships.

Exploring the current state of AI in financial services, separating meaningful use cases from overhyped promises.

A deep dive into regulatory implications for open banking, AI, and fintech partnerships, featuring insights from Director Chopra of the CFPB.

Analyzing how smaller banks face challenges in adopting open banking and AI, and the competitive advantages of larger institutions.

A discussion on the emerging field of financial therapy and its applications for understanding consumer behavior.

Examining the pros and cons of platforms versus point solutions in banking, with examples from the Glia conference.

Final thoughts on how banks can leverage open banking proactively rather than just complying with regulations.

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