In one of our final Travillian Next episodes of 2024, join our Head of Bank Strategy, Michael Perito, for this can’t-miss conversation with one of the original architects of Banking-as-a-Service, the “Godfather” Brad Hanson. Brad’s career in banking and payments is vast, beginning at BankFirst, which later became The Bancorp, Inc. (TBBK), where he started a mortgage division and later a payment card division that became one of the largest in the country. He also was a key architect of building out a similar BaaS platform at Meta Financial Group, now Pathward Financial (CASH), where he lastly served as President and Chief Executive Officer.
This conversation is available on Spotify and Apple Podcasts.
Brad more recently has started a bank venture in Mexico and serves on various Boards, including as Chair of the Audit Committee at MoneyLion (ML). In this episode, we start at the beginning, discussing why the BaaS business was built out initially and what value proposition it was looking to solve. We also cover the current state of the regulatory regime for innovative banks, what the future of banking could look like, and how the BaaS niche has changed in the last twenty-plus years. Brad has a unique and independent perspective of the current environment, and bankers across the country looking for motivation to innovate take Brad’s advice and “run where others aren’t.”
