Jake Fuchs’ Post

We are fortunate to live in a country with such a robust banking system.. With more than 4,000 banks in the US, we benefit from a wide range of choices for our banking needs, fostering a healthy sense of competition in the industry. Open banking is an important step in that journey, as it fosters innovation, competition, and enhanced banking services by enabling secure access to and sharing of financial data between banks and third-party providers. Today's article dives into the world of open banking and features a number of tech companies doing great work in the space. s/o: PortX, Pinwheel, Argyle, and Method Read more here: https://lnkd.in/e36nEe9j cc: Ben Trask BankTech Ventures #openbanking #communitybanks #data

🤯 Apple recently announced that they're shuttering their BNPL offering less than a year after they fully rolled out the program In light of this news, Ben Trask and I decided to focus this week's spotlight on the topic of BNPL and highlight ways community banks can find their footing in the space Read more here: https://lnkd.in/gAnFgirk And always, let's discuss in the comments section! cc: BankTech Ventures #BNPL #communitybanking #innovation

For the next 8 weeks, I'm going to be collaborating on my Monday Musings with our Summer Intern - Ben Trask. Today's topic: why it’s crucial for community banks to embrace social media!📱 In today's digital world, social media is not just a medium to connect with friends and family, it's a powerful tool for organizations, including community banks, to effectively build their brand and attract younger audiences - both customers and employees, alike. Read more here: https://lnkd.in/eMnmChqZ And as always, please leave any questions or thoughts in the comments section! cc: BankTech Ventures

With the Synapse story still unfolding, it felt like an apt time to revisit the topic of BaaS and sponsor banking so I spent the weekend getting smarter ... 🚨 I covered some of this in a prior post, but wanted to dive a little deeper and spend time discussing: 🔵 The role that BaaS providers and Sponsor Banks play 🔵 The implications of the Synapse bankruptcy proceeding 🔵 Where I think the market goes from here 🔵 Who I think the winners will be longer term (e.g. infinant Inc + Coastal Community Bank) 🅣🅛🅓🅡: I'm hopeful that this is a wake up call to regulators to modernize the process and requirements associated with obtaining a bank charter. In an ideal world, all fintechs that touch the movement of money should have a clear path to earning a charter; thus ensuring that those same fintechs are held to the same regulatory standards that banks are held to. Read more here 👉 https://lnkd.in/e9FmKNM5 And as always, please share your thoughts or comments below 🗣 Some of these points can be polarizing - but all conjecture is welcome and encouraged - the most effective way forward is one that incorporates diverse perspectives! h/t: Jason Mikula for the great coverage of the unfolding events! cc: BankTech Ventures #BaaS #communitybanking #innovation

Thank you to our friends at BankBeat for featuring my most recent article on the Community Reinvestment Act (CRA) and compliance!

After a two week break, I just published my latest article covering the Community Reinvestment Act Dive into how this pivotal legislation, and the recently released Final Rule, has shaped community banking and continues to foster financial inclusion + learn more about some great tech companies that help community banks meet their CRA mandates (shout out CNote, Column Tax, Payitoff, and Ned!) Full article here 👉 https://lnkd.in/ejKdKayN And as always, feel free to add any questions or thoughts in the comments! cc: BankTech Ventures #CommunityBanking #FinancialInclusion #CommunityReinvestmentAct

Huge thanks to the folks at BAI for featuring my recent article on Community Bank compliance! https://lnkd.in/gWskn9DB #communitybanking #compliance cc: BankTech Ventures

Excited for our BankTech Ventures Annual Investor Summit next week! Our Summit will be a fantastic platform to explore how these community banks, fintechs, and other ecosystem participants engage with their "customers" and to share practices that exemplify success in our industry. Looking forward to fostering more cohesive and vibrant connections within the community bank ecosystem. Ahead of the event, I jotted down some of my thoughts: https://lnkd.in/gtNidstz #BankTechVentures #InvestorSummit #Fintech #CommunityBanking #VentureCapital