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S7 E9: Fintech Recap: Synapse vs. the World, Visa Flex Credential, Buy Now Pay Later Reclassified as a Credit Card
Fintech Takes
Reconsidering the Use of FBO Accounts
Reconciliation challenges regarding the amount of money in FBO accounts have raised doubts about their effectiveness, leading to a debate on whether they are the right tool to use. While some believe FBO accounts are essential due to limitations in banks' core systems, others advocate for better ledgers and reconciliation processes to empower banks directly. The suggestion is to consider middleware platforms or technology designed for FinTech companies but reoriented towards banks as a more effective system of truth.
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