On this episode, host Vince Passione is joined by Matt Harris, Partner at Bain Capital Ventures. Matt provides an insightful look into the evolving world of fintech, sharing his knowledge of new technology waves and the dynamics of the finance industry. From the intricacies of fintech to the expanding influence of generative AI, the conversation touches on a myriad of topics reshaping the landscape of financial services today.Key Takeaways:(03:48) Matt shares his background and how he first entered the world of fintech.(06:02) The importance of monetizing through embedding financial services, specifically with software companies.(16:19) Insight into insurance and banking as a service, and their slower penetration into the market.(16:56) The opportunity presented by offering financial services embedded in data-rich software.(18:14) Generative AI's role as a new wave of technology and its potential in software businesses.(18:36) Reflections on the fintech bubble during the Covid era and its aftermath.(19:30) Historical comparisons of financial bubbles and the pace of recovery.(20:08) The evolving perception of fintech from a niche to a core component of financial institutions.(21:13) The overlap of technology across industries and its implications for future funding.Matt Harris - https://www.linkedin.com/in/mattcharrisBain Capital - https://www.linkedin.com/company/bain-capital-ventures/Thanks for listening to the 22 Minutes in Lending podcast. If you enjoyed this episode, please leave a 5-star review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#BusinessLoan #CreditUnion #Lending #Fintech

On this episode, host Vince Passione is joined by Charles Krawitz, Senior Vice President, Chief Capital Markets Officer and Head of Commercial Lending at Alliant Credit Union, to discuss:- Charles’ journey from the banking industry to credit unions and how it changed his perspective on lending.- Alliant’s focus on commercial real estate loans, including multifamily, student housing and hospitality.- The impact of the refinancing cliff and the potential for commercial-to-residential property conversions.- Serving Alliant’s members and forming corporate relationships to expand reach.- Not letting fear deter lenders from deploying their balance sheets.- Opportunities in commercial and residential lending despite market uncertainty.- The importance of understanding consumer finance to better grasp the prospects for commercial real estate.Resources mentioned:Charles Krawitz - https://www.linkedin.com/in/krawitz/Cornerstone Advisors - https://www.crnrstone.com/Alliant Credit Union - https://www.alliantcreditunion.org/Thanks for listening to the 22 Minutes in Lending podcast. If you enjoyed this episode, please leave a 5-star review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#CreditUnion #Lending #Fintech

In this insightful episode, Rodney E. Hood, Eleventh Chairman and Current Board Member of the National Credit Union Administration, shares his perspectives on the evolving landscape of credit unions and the importance of leveraging fintech partnerships to stay relevant in today's fast-paced financial environment. He touches on the importance of mergers, effective regulation and establishing dynamic partnerships with fintechs.Key Takeaways:[03:19] Rodney discusses his regulatory philosophy, emphasizing the need for regulations to be effective and not excessive.[16:20] The crucial role of fintech in ensuring the vibrancy, reliability and value of credit unions in the current economy.[20:40] Rodney advises credit unions to identify member credit needs quickly through fintech partnerships.[22:41] The distinctiveness of credit unions from banks and the importance of maintaining trusted relationships.[23:37] Rodney credits some of the outstanding loan growth in credit unions to successful fintech partnerships.Resources Mentioned:Rodney E. Hood - https://www.linkedin.com/in/rodneyhood1/National Credit Union Administration - https://www.linkedin.com/company/ncua/Automated Cybersecurity Examination Toolkit - https://ncua.gov/regulation-supervision/regulatory-compliance-resources/cybersecurity-resources/acet-and-other-assessment-toolsMERIT - https://ncua.gov/regulation-supervision/examination-modernization-initiatives/enterprise-solution-modernization-program/modern-examination-risk-identification-toolThanks for listening to the 22 Minutes in Lending podcast. If you enjoyed this episode, please leave a 5-star review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#CreditUnion #Lending #Fintech

On this episode, host Vince Passione is joined by Pete Hilger, CEO at Allied Solutions, to discuss:- Allied Solutions’ roots in the credit union marketplace.- The importance of building trust over offering higher interest rates.- The need to find ways to retain and grow deposits in a low-interest rate environment.- The importance of partnerships in the credit union industry. - Credit unions investing in fintech companies. - Allied’s approach of making acquisitions to strengthen its long-term corporate strategy.- The auto industry and consumer health, including the surge in repossessions, indicative of a challenging economic situation for consumers.Resources mentioned:Pete Hilger - https://www.linkedin.com/in/pete-hilger-ba25a28/Allied Solutions - https://www.alliedsolutions.net/Thanks for listening to the 22 Minutes in Lending podcast. If you enjoyed this episode, please leave a 5-star review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#BusinessLoan #CreditUnion #Lending #Fintech

On this episode, host Vince Passione is joined by Steve Williams, President and Partner at Cornerstone Advisors, to discuss:- Finding the value in entrepreneurial financial institutions.- The origin and definition of the term Gonzo Banker.- The reason all eyes in the industry are on bank deposits.- Improving the digital front door for customer acquisition and retention.- The velocity at which you can move money in today’s market.- Fighting the marketing battle with the big banks.- Navigating the waters of a new age for regional banks and credit unions.- Showing that efficiency while adding value as an intermediary.Resources mentioned:Steve Williams - https://www.linkedin.com/in/gonzospw/Cornerstone Advisors - https://www.linkedin.com/company/cornerstoneadvisors/Cornerstone Advisors | Website - https://www.crnrstone.com/Thanks for listening to the 22 Minutes in Lending podcast. If you enjoyed this episode, please leave a 5-star review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#BusinessLoan #CreditUnion #Lending #Fintech

In this episode, Vince Passione, CEO of LendKey, sits down with Dan Berger, President and CEO of NAFCU, to discuss the evolving world of lending and the role of credit unions in today’s competitive financial market.Key Takeaways:12:02 - Small creditors often cooperate, pooling their assets for better results.13:40 - CUSOs have played an integral role in enabling innovation and building lending opportunities for credit unions over the years.14:49 - 2021 The CUSO rule empowers the credit industry to compete more dynamically with fintechs.15:39 - Discussion on the difference between loan participations and eligible obligations.17:10 - Loan participations can help credit unions distribute risk more effectively.18:30 - Future collaboration between fintechs and credit unions: The importance of partnership.20:40 - Trust is a paramount value in the financial world, and credit unions hold a significant advantage in this area.Resources Mentioned:Dan Berger - https://www.linkedin.com/in/bdanberger/Vince Passione - https://www.linkedin.com/in/vincepassione/NAFCU | LinkedIn - https://www.linkedin.com/company/nafcu/NAFCU | Website - https://www.nafcu.org/Thanks for listening to the 22 Minutes in Lending podcast. If you enjoyed this episode, please leave a 5-star review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#BusinessLoan #CreditUnion #Lending #Fintech

In this inaugural episode of 22 Minutes in Lending, Dan Berger, President and CEO of the National Association of Federally-Insured Credit Unions (NAFCU), provides an in-depth look into the ever-evolving landscape of the credit union industry and its partnerships.Dan discusses the transformational journey of NAFCU, emphasizing its cultural significance and impact on the broader financial services sector. The progression from an endorsement model to a business development relationship stands as a testament to the changing paradigms of the industry.The significance of advocacy and lobbying in today’s regulatory environment is also discussed. Dan underscores that lobbying extends beyond the confines of digital communication, and highlights the importance of genuine, personal relationships in this space.Key Takeaways:05:22 - The traditional endorsement model’s significance in the credit union landscape.06:55 - The shift from endorsement strategies to more inclusive business development frameworks.08:29 - NAFCU’s dedication to education and enabling new business opportunities.10:13 - The role and power of thought leadership in the fintech space.10:22 - NAFCU’s unique “extreme member service” culture and its member-first approach.12:22 - The importance of tangible relationships in lobbying and advocacy.Resources Mentioned:Dan Berger - https://www.linkedin.com/in/bdanberger/Vince Passione - https://www.linkedin.com/in/vincepassione/NAFCU | LinkedIn - https://www.linkedin.com/company/nafcu/NAFCU | Website - https://www.nafcu.org/Thanks for listening to the 22 Minutes in Lending podcast. If you enjoyed this episode, please leave a 5-star review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#BusinessLoan #CreditUnion #Lending #Fintech

22 Minutes in Lending is a podcast that brings you leading conversations on lending. Join host Vince Passione as he engages with industry leaders and discusses trends and current news in the lending industry. Here, we hone in on how it’s about more than just the balance sheet, and focus on what it takes to build meaningful and lasting lending relationships.