Bank Nerd Corner welcomes Dan McGonegle, a senior manager at Crowe and the former manager of the novel activities supervision program at the Federal Reserve Board.

Kiah and Dan chat about their Money 20/20 game plan before moving into a broad conversation about bank chartering activity and the application process. It can be a lot to keep up with: A number of companies have applied for charters ranging from industrial loan charters, full commercial bank charters and national trust charters. There’s also interest in pairing them with Fed master accounts.

They talk about the competition these companies introduce to the traditional and legacy bank space, how bank regulation is balancing the tension between supervision and policy and his thoughts on the friend/foe dynamic banks have with stablecoins.

Taktile⁠⁠ is an AI Decision Platform that helps financial institutions automate and improve their risk management strategies across the entire customer lifecycle. From onboarding and credit underwriting to fraud detection and transaction monitoring, Taktile empowers risk teams to build, test, and optimize their critical decision processes, without relying on engineers. Taktile has been recognized as category leader — for four quarters in a row — in G2’s Quarterly Report for Decision Management Platforms, and is trusted by leading fintechs, banks, and insurers across the globe. The company is headquartered in New York City and has offices in Berlin and London. For more information, visit⁠⁠ taktile.com⁠⁠ or ⁠⁠follow Taktile on LinkedIn⁠⁠.

Fintech Takes Banking is the weekly newsletter for bank execs who get it. Subscribe for the latest in regulation, tech, financials, operations and, yes, accounting, straight to your inbox: https://fintechtakes.com/banking/newsletter-subscription/

Follow Kiah:

LinkedIn: https://www.linkedin.com/in/khaslett/

Twitter: https://twitter.com/khaslett

Follow Dan: https://www.linkedin.com/in/dan-mcgonegle-45602071/

The NFL’s Coaching Carousel, and a Round 2 Breakdown With Peter Schrager and Joe House

The Bill Simmons Podcast

Washington's Coaching Choices and Flores Interest

The AI-powered Podcast Player