WORKWEEK

If you haven’t listened to this podcast that Jason Mikula and I did with Mark Gould, the Chief Payments Executive at the Federal Reserve, I would highly encourage you to do so. It was fascinating. We recorded it shortly before the July 20th launch of FedNow and, as you might imagine, faster payments was a…

Banks have always been highly reliant on third parties. Whether it’s for technology or staff augmentation or importing critical subject matter expertise that they don’t have in-house, third parties have played a critical (and often under-discussed) role in the growth and success of banks. This is especially true for community banks, which are at a…

The first law allowing no-fault divorces in the U.S. was passed in California in 1969. Before the passage of this law, if you wanted a divorce in California, you had to be able to demonstrate that your spouse was “at fault”, meaning that they had committed an act incompatible with the marriage (adultery, abandonment, etc.)…

Banks are pretty good at finding and solving banking problems that look like banking problems. There’s obviously still room to innovate and improve things on the margins, but, by and large, there aren’t a lot of true greenfield opportunities in financial services. Banks have already identified them all. Unless they don’t look like banking problems. …