It's Time for an OS Upgrade : Your Core Banking & Lending Systems Need This!

In this episode of Accrued, a Fintech Confidential series presented by LoanPro. Host Tedd Huff and Co-Host Nate Bray sit down with Anthony Peculic, Head of Cards and BaaS at Cross River Bank, to discuss the shifting dynamics of the Fintech world. They chat about the hurdles and prospects current banks face, along with the future of financial services that are integrated directly into everyday tools and applications. This discussion also covers how laws and regulations affect fintech companies and the importance of banks working closely with them to ensure regulatory standards are met.

The trio goes into detail about how banks are adapting to changes in interest rates and customer habits, underlining the need for banks to collaborate rather than just sell services. They also talk about Cross River's unique operating system (COS), designed to tackle these challenges and offer creative solutions that make handling finance easier for businesses and consumers alike.

Throughout the conversation, the importance of data and artificial intelligence is emphasized, showcasing how these tools help tailor financial solutions to individual needs, making them more useful and effective. The episode wraps up with insights on how financial institutions are increasingly relying on technology to stay relevant and helpful to their customers.

By the end, viewers will gain a deeper understanding of how finance is becoming more integrated with technology and what this means for the future of banking and customer interactions. This is a must-watch for anyone interested in the development of banking and finance management technology.

Key Highlights:

• How regulations are shaping the finance sector and what that means for the future.
• The significant role open communication plays in adapting to new rules.
• Why understanding changes in interest rates is essential for managing financial strategies.
• The evolving role of banks from mere service providers to active partners in financial innovation.
• The critical impact of technology on improving banking services and customer interactions.
• How banks are shifting strategies to better support and understand consumer needs.
• The benefits of incorporating artificial intelligence to customize financial experiences.
• The flexibility of new banking systems that allow for more robust support and integration.
• The growing importance of data in crafting personalized banking solutions.
• Predictions on how the interaction between brands and financial services will continue to evolve, creating a more connected experience.

Top Five Takeaways:

1️⃣ Regulations Unveiled: Stay Ahead of the Game!

Anyone in the finance sector must stay informed about regulatory changes. Understanding these changes can help you adapt your strategies to remain compliant and effective.

2️⃣ Open Doors with Regulators: Communication is Key!

Keeping an open line of communication with regulators can significantly ease navigating new financial landscapes. This proactive approach helps ensure that your operations align with current laws.

3️⃣ Tech in Finance: The New Frontier!

Recognizing the importance of technological advancements in banking can give you a competitive edge. Technologies that enhance customer interaction and streamline operations are key to future success.

4️⃣ Master Your Data: AI is Your New Best Friend!

Investing in data analysis and artificial intelligence can lead to more tailored financial products and services. These technologies help understand and predict customer behaviors, improving service delivery.

5️⃣ Tech-Savvy Banking: Embrace the Future Now!

Embracing the shift towards technology-driven finance solutions is crucial. As technology becomes more integrated into everyday finance, understanding and utilizing these tools can enhance your financial offerings and customer satisfaction.

Watch on YouTube.

Links:

CrossRiver Bank

Website: www.crossriver.com

YouTube: www.youtube.com/channel/UCaphFGxBY35U8psNjDOP-rg

LinkedIn: www.linkedin.com/company/cross-river-bank/

Anthony's LinkedIn: www.linkedin.com/in/apeculic 

Instagram: www.instagram.com/crossriver_/?hl=en

Facebook: www.facebook.com/crossriverbanksocial/

Fintech Confidential

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Podcast: https://fintechconfidential.com/listen

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Facebook: https://www.facebook.com/fintechconfidential

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This is a Production of Diamond D3, Media

ABOUT:

Guest 

Anthony Peculic: Anthony Peculic is a business and strategy leader with a proven track record in envisioning, building, and launching new products within highly regulated industries. He has extensive experience across FinTech, payments, entertainment, and HCM sectors. Known for his strong analytical, strategic planning, negotiation, and presentation skills, Anthony excels in leading cross-functional teams, driving revenue growth, and increasing client satisfaction.

Cross River Bank: Cross River Bank combines the trust and security of traditional banking with advanced technology solutions, redefining the industry. The company provides scalable embedded payments, cards, and lending solutions to consumers and businesses backed by leading investors. It serves major fintech and technology companies, reshaping global finance and financial inclusion.

Hosts 

Tedd Huff: Tedd Huff founded Voalyre and DD3 Media, a professional services and advisory firm focused on global payments and marketing. He is also a video podcast host and producer of Fintech Confidential.

Over the past 24 years, he has contributed to FinTech startups as an Advisory Board Member, Co-Founder, and Chief Experience Officer, providing strategic and tactical direction for Global Payments OpenEdge, Heartland Payments, Nuvei, and TSYS, among others. He focuses on growth while delivering innovation, process improvements, and user experience-driven value to simplify the complexity of payments.

Nate Bray: Nate Bray is the Chief Innovation Officer at LoanPro, where he spearheads innovation and expands strategic partnerships. With over 20 years of experience, Nate has held pivotal roles, including Vice President of Strategic Partnerships at MX and Senior Vice President at Wells Fargo, focusing on fintech and enterprise initiatives. As the co-founder and CEO of Brixio, he led the company's vision in commercial real estate technology.

Diamond D3, Media: A media creation, management, and production company delivering engaging content globally