CBA Virtual Classroom: Fintech

Virtual Correspondent Banking Academy

Over $254 billion was invested globally into at least eighteen thousand fintech startups through venture capital funds in the past few years. Walter Mix took part in a virtual classroom session to discuss the future of banking as the rise of fintechs continues.

The event focused on:

• Fintech business models: what is a ‘fintech’?
• Regulatory and compliance considerations for fintechs
• Partnerships with financial institutions
• Various payment types employed by fintechs, such as use of cryptocurrencies
• Lessons learned and trends we are seeing, in particular from Silicon Valley
• Key risk management requirements and advice for growing fintechs
• Fraud and potential pitfalls