FV Bank with Miles Paschini | E367

Building the bank of the future.

In this Fintech Impact episode, Jason Pereira interviews Miles Paschini, CEO of FV Bank, an innovative Fintech startup. The discussion revolves around FV Bank's mission to bridge traditional banking with cutting edge financial technologies like blockchain and Fintech solutions. Miles reflects on his journey in the payments industry and highlights FV Bank's efforts to cater to Fintech and blockchain companies by offering compliant and tech-forward banking services. The episode dives into the challenges of building a bank of the future and explores emerging trends like the growing importance of stable coins and real-time money movement.

Episode Highlights:

  • 00:09: Jason Pereira introduces the podcast and guest Miles Paschini, CEO of FV Bank, highlighting its innovative approach to providing banking services for SMEs using blockchain.

  • 00:28: Miles expresses gratitude for the opportunity to join the podcast.

  • 00:30: Miles explains the meaning of FV Bank, emphasizing their focus on combining traditional banking with Fintech and blockchain technologies.

  • 01:21: Jason inquires about the history and inception of FV Bank.

  • 01:21: Miles discusses his career trajectory and how it led to the founding of FV Bank, including past ventures and challenges faced with traditional banks.

  • 03:29: Miles details the unique approach of FV Bank, owning both the technology stack and banking charter, differentiating it from other challenger banks.

  • 04:32: Discussion on the complexity and fragmentation of the current banking technology landscape and FV Bank's approach to integrating advanced compliance.

  • 05:40: Addressing traditional banking inefficiencies and FV Bank's pursuit of improving money movement leveraging stable coins.

  • 08:23: Challenges of building a banking infrastructure that merges the best of prebuilt solutions and innovative technology for compliance and efficiency.

  • 09:30: Exploration into FV Bank's vertical integration strategy and its impact on customer offerings.

  • 12:18: FV Bank's focus on SMEs in the Fintech space and plans to expand their value proposition beyond this core market.

  • 15:20: Miles predicts significant growth in the stable coin market, emphasizing the benefits of digital dollars in global transactions.

  • 18:10: Discussion on lowering technical barriers for businesses by integrating stable coins into traditional banking services.

  • 20:12: The importance of regulatory and compliance focus in supporting advanced transaction processes securely.

  • 21:37: Miles wishes for a business restart, reflecting on acquired knowledge and the foreseeable impact of regulatory clarity.

  • 23:34: Identifying the challenge of building a versatile team equipped for the intersection of traditional banking, Fintech, and blockchain.

  • 25:14: Miles shares his excitement about pioneering innovative financial products, particularly leveraging Bitcoin for collateralized lending.

  • 26:30: Closing remarks from Miles, sentiment towards building FV Bank as a future-ready bank, and Jason's closing with an invitation to engage with FV Bank.

Key Points:

  • FV Bank bridges traditional banking systems with emerging Fintech and blockchain technologies to offer innovative banking solutions.

  • The integration of stable coins is set to transform money movement, significantly reducing transaction times and enhancing global trade efficiency.

  • Owning the entire banking stack, from technology to compliance, positions FV Bank uniquely in the challenger bank landscape.

  • Despite technological advancements, regulatory clarity remains a pivotal factor for scaling the blockchain and Fintech industries.

Tweetable Quotes:

  • "We're trying to build a bank that bridges the legacy system with Fintech and blockchain." - Miles Paschini

  • "Stable coin offers a transformative avenue for real-time international transactions." - Miles Paschini

  • "Owning the vertical stack is challenging but essential for innovation in the banking sector." - Miles Paschini

  • "Regulatory clarity is the missing piece to truly unleash blockchain's potential in finance." - Miles Paschini

Resources Mentioned:

Fintech ImpactJason PereiraFintech