MEMPHIS, TN October 23, 2023 – Nicole Booth, Vice President and Director Fintech Compliance for Evolve Bank & Trust (“Evolve”) moderated a panel at Money20/20 USA in Las Vegas earlier today. Money 20/20 is the premiere fintech gathering of the year, where the most influential leaders in payments and financial technology take center stage to engage in industry-shifting conversations in the global money ecosystem.
Booth presided over a panel entitled “Can Compliance be a Competitive Advantage?” Fellow panelists included: Gizelle Barany, General Counsel, Alloy; Nick Farrow Head of Bank Partnerships, Modern Treasury; and Adam Shapiro, Partner Co-Founder, Klaros Group. As the panel discussed how fintech companies should see compliance as a competitive advantage, Booth highlighted the importance of Know-Your-Customer (KYC) and how it can be leveraged by sales and marketing to better understand a product’s audience and appeal.
Booth also stressed the importance of understanding underlying regulatory concepts, as they often align with the goals of customer support and protection. By equipping themselves with this knowledge, organizations are better prepared for compliance oversight.
“The fintech landscape is changing dramatically and Evolve Open Banking is pleased to be leading the industry with critical conversations on topics that are impacting the ecosystem, especially on the importance of compliance” said Hank Word, President Evolve Open Banking.
Evolve, a recognized leader in payments and Banking-as-a-Service (“BaaS”), will be hosting discussions with current and perspective clients throughout Money 20/20.
About Evolve Bank & Trust:
Evolve Bank & Trust, a technology focused financial services organization and Banking-as-a-Service (“BaaS”) provider, is a best-in-class financial institution offering specialized services in Open Banking, Personal and Business Banking, Mortgage, SBA Lending, Physicians Capital, Community Funding and Trust. Evolve is recognized as a global leader in the payments industry delivering ACH, Debit/Credit Sponsorship, Card Issuance and unique technology strategies to clients around the world. Evolve has been voted a Top Workplace USA and has been named in Inc. Magazine’s 5000 List of the fastest-growing private companies.
Evolve Bank & Trust Contact:
Thomas Holmes Jr.
SVP, Chief Marketing & Communications Officer