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What's Next for Banking-as-a-Service? LIVE from NY Fintech Week

Fintech Business Podcast

CHAPTER

The Resilience of SVV

Every company we're talking to at the moment is thinking about multi-bank redundancy. If money movement is part of the product, you have to have a backup. I think FinTechs should diversify, get multiple bank partners. Also banks, when they're getting these FinTechs, they should look at different industries and sectors because in case one sector doesn't fall out,. So I think concentration risk is just so important with vendors, partners, everything that you do.

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