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S9 E1: Fintech Recap: The New FDIC Rule, Visa's Antitrust Fight, and Open Banking's Next Steps
Fintech Takes
Adapt or Decline in Banking
The decision by Five Star to wind down its BASC business highlights the impact of evolving regulatory environments on banking operations. With only a small portion of deposits and loan volume affected, the change underscores a broader trend. Regulatory changes, particularly the broker deposit rollback, are likely to introduce increased costs and complexities for banks. This necessitates a reevaluation of the financial viability of supporting various FinTech partnerships, as the profitability of such ventures must now outweigh the incremental operational demands they impose.
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