Embedded Payments – The Future Of Expanded Distribution And Selling Baas

Posted inPayments
In the past, the only way a small business, start-up or a consumer could gain access to the financial system (open a deposit account, borrow money etc.) was by approaching a bank.  Today, however, they can do so directly through their e-commerce platform or their accounting system (Quickbooks, for example).  A slew of software companies partnered with individual banks and technology providers to yield a one-stop shopping experience: easy, convenient and seamless. This process is…

Making Work Joyful: Playing To Your Strength

Posted inGeneral Management
“People who utilize their natural…talents are much more fulfilled and successful than those who don’t. Teams and organizations that help people tap into their … talents are much more successful and productive than those who don’t.”  Patrick Lencioni, The Six Types of Working Genius”.  When I read the quote above, from Lencioni’s book recommended to me by a friend, it seemed too obvious to be said.  Of course we do much better, both performance-wise and…

What Big Banks Are Saying About Inflation, Recession & Credit Trends

Posted inCommercial Banking
During Q3 earnings calls, senior executives of eight of the biggest U.S. consumer banks talked to analysts about the impact of inflation on credit now and about their expectations for the impact of a recession. So far, it seems, the overall impact of the recession has been muted, but all, including our biggest banks, are preparing for a turn to the worse. During third quarter 2022 earnings briefings, many large bank leaders have continued to…