852. News: The first American bank failure of 2024, as Visa launch US open banking

May 6, 2024

Jonathan Vaux and Scott Abrahams discuss Visa's US open banking launch. The podcast covers Republic First Bank's 2024 failure reasons. They also talk about EU AML regulations, Australian keystroke tracking case, and fintech deal trends.

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Introduction

00:00 • 3min

Exploring Global Business Platforms and Channel Partnerships in Fintech

02:34 • 2min

Visa's Launch of Open Banking in the United States

04:27 • 28min

Discussion on the First American Bank Failure of 2024

32:05 • 5min

Bank Failures, Compliance, and Regulatory Environment

37:07 • 16min

Tech Trends and Remote Work Dynamics

52:53 • 5min

Exploring Employee Productivity, Regulatory Challenges, and Cultural Differences in Data Privacy Attitudes

57:55 • 3min

Our expert host Benjamin Ensor is joined by some great guests to talk about the most notable fintech, financial services and banking news from the past week, including Ramp's recent $150m funding, which it will use to enhance its AI capabilities, and Goldman Sachs selling its Marcus Invest accounts to Betterment. Plus, UniCredit roll out Mastercard's Touch Card to 12 markets, and ComplyAdvantage purchase American company Golden.

This week's guests include:

Jonathan Vaux, Head of Partnerships and Propositions at Thredd
Scott Abrahams, Executive Vice President, Global Channel Partners at Mastercard

We cover the following stories from the fintech and financial services space:

Visa launch open banking in the US via Tink (04:30)
Mastercard and PrestaShop deploy Click to Pay across Europe (18:47)
Republic First become the US bank to fail in 2024 (33:25)
The European Union agree new AML regulations (44:47)
Q1 sees 500 fintech deals (52:55)
An Australian woman loses her job after employer tracks her with keystroke technology (53:50)

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Fintech Insider by 11:FS is a bi-weekly podcast dedicated to all things finance, banking, technology, and financial services.

Our expert hosts, with real industry experience, are joined by the biggest decision-makers, VCs, and reporters from across financial services including guests from Visa, Nubank, M-Pesa, Starling, and JP Morgan Chase to discuss the latest news, developments, and trends within the industry.

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