Janusea’s CEO Kyle Stutzman returned to the show for an insightful discussion on today’s regulatory questions, risks, and vendor relationships – using the recent Synapse collapse as an example. Kyle addressed what credit unions can learn from Synapse’s bankruptcy and discussed the concerns surrounding banking-as-a-service and fintech partnerships. He highlighted how Janusea collaborates with fintechs focused on enhancing credit union services, adding members, and improving access for employees and members. This approach contrasts with fintechs that use credit unions or banks to build their customer base and directly offer banking services, thereby competing with credit unions. Kyle also shared insights on how risk profiles vary for Janusea’s credit unions and how different fintech business models impact financial institution risk. Check out this conversation and share your thoughts!
