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S8 E5: Fintech Recap: The BaaS Multiverse of Madness, the CFPB’s New Earned Wage Access Rule, and a Brief Conversation on Brokered Deposits

Fintech Takes

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Intentional Growth Requires Strategic Alignment

Mercury's growth strategy involved an intentional partnership with shell companies to acquire new business customers, highlighting a proactive approach rather than a naive mistake. Non-bank fintech companies must recognize their dependence on bank partners when structuring their operations to avoid pitfalls similar to Mercury's. The fintech landscape is still recovering from rapid growth and missteps over the past five years, underscoring the need for strategic alignment and careful planning in partnership dynamics.

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