Fintech Business Podcast Fintech Recap: Will Depositors Be Rescued from BaaS Island?
Jul 2, 2025
In this discussion, Alex Johnson, a fintech commentator and author at Fintech Takes, dives into FICO's new scores that now integrate buy now, pay later data, debating its potential impact. He also explores the CFPB's intervention in the Synapse bankruptcy and the ethical implications of possibly bailing out depositors. The conversation touches on crypto mortgages sparked by Bill Pulte's recent tweet, and critiques of digital bank sub-brands reveals deeper issues with user experience and operations. Expect insights that challenge conventional fintech narratives!
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Yellowstone Family Trip And Wildlife Close Calls
- Alex describes visiting Yellowstone with his family and close wildlife encounters.
- He emphasizes getting up early to avoid crowds and see more wildlife.
Reality Of Who Uses Pay‑In BNPL
- BNPL's main users are often subprime or credit‑stressed consumers, not just new-to-credit youth.
- For those users, non-reporting is valuable because defaults won’t directly harm credit reports.
Use Bank Transactions To Fill BNPL Blind Spots
- Use bank transaction (open banking) data to infer BNPL usage when bureau trade lines are missing.
- Expect data gaps and aggregator business barriers when connecting BNPL accounts.