Small Financial Institutions Should Embrace Fintech

In an op-ed in American Banker the executive director of the Marketplace Lending Association, Nat Hoopes, argues that small banks and credit unions should not oppose new fintech regulations, rather they should focus on partnering with fintech companies; unlike the larger banks whose credit card offerings often compete directly with fintech loans, regional and community banks have the most to gain from partnering; Hoopes argues that we need a more forward thinking approach to public policy so all Americans can get access to responsible, transparent, simple and fairly priced credit. Source.

  • Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.