Navigating Bank Partnerships in the Fintech Industry

The chapter emphasizes the importance of carefully selecting a bank partner in the fintech sector, stressing the need for due diligence, open communication, and feedback from other industry players. It discusses the complexities of deciding between existing and new bank partners, balancing regulatory compliance with innovation, and challenges in VC investing. The formation and focus of a compliance consulting business tailored to fintechs, crypto firms, and digital banks are also highlighted, along with the services provided to assist with compliance, tech strategy, and support for sponsor banks.