Episode 529: Is 2024 the Year That BaaS Goes Boom?

In This Episode Does BaaS go boom, and other predictions and projections for the year. Listen as host Jason Henrichs connects with hot takers Alex Johnson, Fintech Expert & Workweek Creator and Jason Mikula, Managing Director, Fintech Business Weekly about what they've been seeing and what they hope to see in our industry. For those that like analysis they jump into the current state of BaaS, theories on implications for the rest of the year not to mention any projections they think they might need a mulligan for and which are proving true! Read the entire transcript here. Podcast Content: Chapter 1: [00:00] Welcome and Overview The hosts introduce the topic of Banking-as-a-Service (BaaS) and the question of whether 2024 will be a pivotal year for its evolution. Chapter 2: [05:30] Predictions and Mulligans Jason and Alex revisit their 2024 predictions, discussing early developments in BaaS and debating which forecasts might already need revising. Chapter 3: [15:45] BaaS: A Subsidy for Banks? The panel examines how venture capital has underpinned BaaS models, questioning its long-term sustainability and the role of banks in this ecosystem. Chapter 4: [30:00] The Regulation Dilemma Regulatory hurdles and network effects within BaaS are dissected, emphasizing the challenges banks face in balancing compliance with scalability. Chapter 5: [45:15] Redefining the Customer Relationship Exploring the misalignment between middleware platforms, fintechs, and banks, the discussion centers on rethinking BaaS economic models. Chapter 6: [01:00:00] Economics of BaaS in 2024 The conversation shifts to the financial realities of BaaS providers, unprofitable fintechs, and the broader fintech funding environment. Chapter 7: [01:15:00] IPOs, M&A, and What Comes Next Analyzing potential exit strategies for fintech companies, including IPOs and M&A, with reflections on past trends and 2024 expectations. Chapter 8: [01:30:00] Future of BaaS and Fintech Innovation Closing thoughts on how innovation, regulation, and business realities will shape the future of BaaS and fintech partnerships in 2024. Related Content: Episode 464: Second Wave BaaS & “Deep Tech” Episode 562: Hot Takes: Regulatory Headwinds for BaaS Episode 547: The BaaS Bombs Drop + Synapse Bankruptcy Episode 530: Killing It & Investing in the Next Frontier Episode 533: Killing It!  Acceptance As The Fastest Path Forward https://www.youtube.com/watch?v=PoYKt1b0Zo0