S9 E5: The CFPB, Cash + Culture Party Podcast (Live from MX's Money Experience Summit)

Oct 30, 2024

Guest

Ryan Caldwell

In this lively discussion, Ashwin Vasan and Kelvin Chen, both former CFPB experts, dive into the challenges of financial regulations and the fight for customer experience in banking. Jesse Mecham, founder of YNAB, emphasizes intentional money management over quick fintech solutions. Lastly, Ryan Caldwell, CEO of MX, passionately shares how company culture drives success, urging leaders to foster a positive environment. Together, they unravel the intricacies of modern finance while advocating for transparency, innovation, and empowerment.

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Intro

00:00 • 2min

Introduction and Background in Financial Regulation

02:24 • 2min

Navigating Open Banking Regulations

04:01 • 24min

Choosing the Right Fintech Partner and Innovations in Financial Products

28:15 • 2min

Revolutionizing Personal Finance

30:21 • 19min

The Evolving Landscape of Banking and Data

49:41 • 5min

Cultivating Company Culture

54:12 • 15min

Strategic Vision in Fintech

01:08:54 • 5min

The Future of Banking: Trust, Advocacy, and Adaptation in Financial Services

01:13:49 • 3min

Welcome to a special edition of Fintech Takes, recorded live from MX's Money Experience Summit in beautiful Park City, Utah.

Big shout-out to MX for letting me squeeze in some live podcasting–my favorite thing to do!

First up, I chat with Ashwin Vasan, senior advisor at FS Vector, and Kelvin Chen, head of policy at the Consumer Bankers Association—two ex-CFPB experts who help untangle the knots of financial services regulation. We dive into policy talk (recorded before the CFPB's open banking rule dropped), and the messy middle ground of banking and fintech. Plus, we explore how banks are scrambling to stay relevant as embedded finance and BaaS dominate, and why seamless customer experience is the new battleground.

Next, I sit down with Jesse Mecham, founder of YNAB, to unpack his philosophy of mindful money management. We chat about how YNAB encourages users to think intentionally about managing their money, challenging the usual fintech rush for speed and convenience that leaves users out of the loop on their own financial decisions.

And last but not least, MX founder and freshly returned CEO, Ryan Caldwell, joins to chat about MX’s real secret sauce: its culture. And his passion for culture is contagious. Ryan highlights how leadership, values, and intentional culture is the driver for team dynamics *and* customer outcomes: culture drives results, leadership makes the difference, and in fintech, both are non-negotiable.

00:01:34: Ashwin Vasan, FS Vector + Kelvin Chen, Consumer Bankers Association

00:28:01 Jesse Mecham, YNAB

00:53:45 Ryan Caldwell, MX

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Companies featured:

https://fsvector.com/

https://consumerbankers.com/

https://www.ynab.com/

https://www.mx.com/