Transitioning from Traditional Banking to Fintech - Dana Lawrence | #518

Around The Coin

Join host Stephen Sargeant in an insightful episode of the Around The Coin Podcast, where he discusses Banking as a Service (BaaS) with Dana Lawrence, Senior Director of FinTech Compliance at Pacific West Bank. Explore how major banking institutions and partners power crypto exchanges, cannabis companies, neobanks, and fintechs. Dana shares her expertise on the ecosystem, regulatory challenges, and benefits. Learn about community banks, their unique services, and Dana’s entrepreneurial insights on securing capital and investment. This episode is a must-listen for anyone interested in BaaS, fintechs, and the evolving financial landscape.

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1. Introduction to BaaS and Guest Dana Lawrence (00:00:00)

2. Dana Lawrence's Background in FinTech (00:02:07)

3. Understanding Community Banks (00:03:44)

4. Evolution of FinTech and Customer Service (00:06:05)

5. Banking as a Service Explained (00:16:24)

6. Challenges and Benefits of BaaS (00:24:06)

7. Understanding the Bank-Fintech Relationship (00:31:23)

8. Challenges in Vendor Management (00:32:56)

9. The Importance of Comprehensive Risk Management (00:33:46)

10. The Buzz Around Banking as a Service (BaaS) (00:35:37)

11. Insights from Industry Conferences (00:36:37)

12. PurposeBuilt: Supporting Entrepreneurs (00:38:47)

13. Defining Success and Personal Fulfillment (00:48:50)

14. The Future of Banking as a Service (00:55:35)

15. Final Thoughts and Encouragement (00:56:57)