Podcasts about quontic bank

In this episode, David Lykken interviews James Hooper from Quontic Bank, a CDFI that has fully embraced Angel AI to streamline its lending operations. James discusses how adopting Angel AI has significantly reduced costs, improved efficiency, and allowed loan officers to focus more on relationship-building while automating routine tasks. Quontic Bank, known for serving underserved communities, leverages innovative products like crypto-backed loans and a unique P&L product to help non-traditional borrowers. The conversation emphasizes the importance of adopting new technologies to stay competitive in the mortgage industry and highlights Quontic's success in reducing operational costs by over $1.5 million in 18 months.

In this crowded marketplace, how can a community financial institution possibly differentiate itself? Better technology is table stakes, because as soon as you add the latest shiny object to your tech stack, every other FI in town will add it, too. In the end, differentiation can only come from better ideas.In this episode of The Digital Banking Podcast, our Josh DeTar welcomed Aaron Wollner, the CMO of Quontic Bank, which is the best online bank according to Forbes. Wollner discussed the importance of authenticity for a brand to resonate and explained the concept of non-monogamous banking. The two discussed the importance of digital transformation, how Quontic adapts to macroeconomic changes, and the one question you must constantly ask.

What began as a humble coffeeshop experiment at the dawn of the pandemic has blossomed into a financial service podcast marking its 100th episode. Join us as we welcome back some favorite guests, podcast producers, a certain wise guy looking for the shakedown -- and give a glimpse into the Bankadelic future in 2023. This episode is dedicated to the late Stephen Schnall, founder and CEO of Quontic Bank.

Today, we're joined by Joseph Allen. Joe is the Vice-President and Senior Mortgage Lending Officer at Quontic Bank from New York, New York, who's funded over $50 million every year since 2011.   Joe is here to discuss hiring employees, the importance of being a creative problem solver, and what he considers when selecting a business partner.   In today's "Ask The Expert" segment, we have Ben McCabe from Bloom Finance discussing current trends in reverse mortgages.   Quantic Bank Website: www.quontic.com Quantic Bank Instagram: @Quontic Quantic Bank Facebook: @Quontic Quantic Bank Twitter: @Quontic   Bloom Finance Website: www.bloomfin.ca/ilmb   The I Love Mortgage Brokering Network is brought to you by Finmo. To learn more, visit: www.finmo.ca/ilmb   If there's someone you think would be a great guest for the show, visit: www.podcastwithscott.com   Follow on TikTok: @tiktok.mortgagebroker   I Love Mortgage Brokering: www.ilovemortgagebrokering.com   Find out more about BRX Mortgage: www.rookietorockstar.ca   Find out more about the $25 Million Dollar Blueprint: www.get25million.com   Find out more about the 10 Loans A Month Academy: www.10loansamonth.com

Welcome back to What's Happening in Payments. I'm your host Ismail Umar, and in today's episode, we discuss why Quontic Bank decided to launch a contactless payment ring, what Visa's Creator Program tells us about its interest in NFTs, and what Block offers merchants with its upgraded Square Stand point of sale system.

Steven Schnall, founder and CEO of $900 million-asset Quontic Bank in New York, talks about why the bank is one of the few to fully embrace cryptocurrency, offering a checking account that grants rewards in bitcoin. He also talks about its newly deployed banking wearable device, plans for the metaverse, and why this CDFI wants to continue to push the banking envelope.

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include the Bank of Canada's interest rate hike, Brazil and Iran gearing up for CBDC pilots, Quontic Bank launching a wearable payment device, and Finastra partnering with Microsoft to offer embedded finance to SMEs.   1:13 - Bank of Canada – Tightens. Rate hike to 1% https://ctmfile.com/story/industry-roundup-fourteenth-april 2:55 - CBDC Pilots: Are they becoming “Real/Rial” or not: Brazil and Iran https://ctmfile.com/story/industry-roundup-nineteenth-april https://ctmfile.com/story/industry-roundup-18-april 7:36 - Payment Ring https://ctmfile.com/story/industry-roundup-13-april-2022 10:27 - Embedded Financing: MS Dynamics and Finastra https://ctmfile.com/story/industry-roundup-13-april-2022

Aaron Wollner is the CMO at Quontic Bank where he is helping lead the charge of becoming the first digital bank in the metaverse. On the show today, Alan and Aaron discuss his path to becoming CMO, where he got his start, and how multi-variate testing and other analytical approaches led to his belief around how to be data-led in a responsible way. Later, they discuss how Quantic Bank is an adaptive digital bank and how they are pursuing banking in the metaverse. In this episode, you'll learn: How to innovate when you're already digital-first The importance of investing in people, not technology What's worth measuring and what's not Key Highlights [01:30] Aaron's take on being data-driven [04:00] Aaron's path to becoming CMO [06:47] What it means to be an adaptive digital bank [08:02] How Quontic was born [10:03] How to innovate a digital bank [11:37] Scaling and growing the market [14:01] Building brand guidelines [15:40] Investing in people versus technology [17:44] Balancing what's worth measuring with what's not [21:42] An experience that defines Aaron [24:06] Aaron's advice to his younger self [26:49] Becoming the first digital bank in the digital metaverse [28:29] The brands and organizations Aaron follows [30:46] The biggest threat and opportunity for marketers Resources Mentioned: Aaron Wollner Quontic Bank Forbes 2022 Best Online Bank Multivariate Testing (Wikipedia) Bitcoin Rewards Debit Card from Quontic Bank Steve Schnall, CEO of Quontic Wevo (testing and research partner mentioned) Follow the podcast: Listen in iTunes (link: http://apple.co/2dbdAhV) Listen in Google Podcasts (link: http://bit.ly/2Rc2kVa) Listen in Spotify (Link: http://spoti.fi/2mCUGnC) Connect with the Guest: https://www.linkedin.com/in/aaron-wollner-64b0375/ https://twitter.com/quontic Connect with Marketing Today and Alan Hart: http://twitter.com/abhart https://www.linkedin.com/in/alanhart http://twitter.com/themktgtoday https://www.facebook.com/themktgtoday/ https://www.linkedin.com/company/marketing-today-with-alan-hart/ Support the show: https://www.patreon.com/marketingtoday See omnystudio.com/listener for privacy information.

In this Weekly Wrap episode of “The Buzz” podcast, the Bank Automation News editors drill down on technology spending at banks. After the COVID-19 pandemic led to a holding pattern for IT budgets in 2020 and the first half of 2021, tech spending is on the rise again with large banks increasing or planning to increase technology spend. The $432.4 billion Capital One, for example, revealed that its technology-related spend increased 11% year over year. In addition, the BAN team looks at how the digital-native $35 million Locality Bank — which launched earlier this month — is leveraging Nymbus' digital banking core. The editors also share Quontic Bank's suggestions for how to create a culture of digital banking.

Hey friends, About a year ago, I started publishing this newsletter as a forcing mechanism to document my learning, clarify my thinking and keep up with crypto news. I decided to share in the event that someone else might find it useful. Thank you for coming on this journey with me. #wagmi! (Crypto babble for “We’re all gonna make it!”)Well fam, I’ve got some exciting news to share: I did it! I took the plunge. This week will be my first working in crypto full-time. New beginnings 🚀I came across a conversation between a McKinsey senior partner and executives at Cross River, a technology-forward bank. I was instantly struck by Gilles Gades’ (CEO) and Adam Goller’s (Head of FinTech banking) energy, innovation, and openness to crypto. So I reached out to the team. This led to a series of inspiring conversations and an offer to join the new crypto team! Cross River is not your typical bank. It is backed by esteemed investors like KKR, Andreessen Horowitz, Battery Ventures, and Ribbit Capital. It provides banking-as-a-service to FinTechs like Stripe, Coinbase, and Affirm. For example, they power payments when you purchase a Peloton and pay for it in installments. Cross River also banks a number of crypto companies. Many large and small businesses were hurt in the pandemic. Cross River leveraged technology to become the 4th largest processor of the Payment Protection Program (PPP) loans. In so doing, the 13 year old bank with ~600 employees outdid much larger rivals like Wells Fargo. Now, the company is building a suite of offerings to enable FinTechs and other companies provide crypto payments, lending, and banking to their customers. Our mission is to onboard the next billion people into crypto by bringing crypto to FinTech. I’m really excited to join this talented and passionate team. And we are still hiring. Let’s go!Ruminations 🧠1. Meet people where they areA couple months ago I conducted a survey and learned that consumers would prefer to access digital assets through their existing financial accounts. I can see the logic, why open up a new account with an untrusted brand if you don’t have to? FinTechs like PayPal (392M users), CashApp (70M users), and Robinhood (23M users) are scratching that itch. These companies already enable customers to buy, sell and hold a limited set of crypto. But there is a LOT more they could be doing.2. What about banks?Only a handful of banks have enabled their Main Street customers to engage with digital assets. A year ago, Quontic Bank launched a bitcoin rewards checking account. Then a few months ago, Vast Bank became the first in the US to enable customers to buy, sell and hold crypto. But for the most part, the initial focus of big banks has been enabling institutional clients and high net worth individuals to custody crypto. BNY Mellon, US Bank, JP Morgan, Morgan Stanley, Goldman Sachs and others have made public moves. There are also banks working privately. Bank of America now holds over 160 patents related to blockchain. 3. Why are banks moving gingerly?Initially, it was lack of understanding. But today, bank executives are putting in the work to explore crypto. The COO of BoA reportedly pivoted from being a crypto denier to a crypto supporter after investing hours watching lectures, testing out products and talking with experts. Now, I think the speed bumps are primarily regulatory. Banks are held to higher standards than FinTechs. Measures to safeguard consumers sometimes slow down innovation. Plus, regulations are still evolving and banks will need to build new fraud, AML, risk and compliance muscles to handle this new asset class. Lastly, some banks legacy technology systems are not well suited to meet the increasing demands of modern consumers. Many of these systems would need to be replaced or may require workarounds to integrate crypto solutions. As the fog rises, there will be a huge opportunity to partner with banks, FinTechs, and other companies to enable crypto payments, lending and banking services. I’m excited to help make this happen. News🗞1. Metaverse continues to be all the rageGrayscale published a report stating that the metaverse is a $1 trillion opportunity The red hot housing market extends to the metaverse! This week two records were set! A single plot of land in Axie Infinity sold for 550 ETH ($2.5M). Also an estate of 116 parcels of land in Decentraland sold for 618,000 MANA ($3.2M). I have been dipping my toes into MANA (Decentraland). Still figuring out how best to gain appropriate metaverse exposure. I recently learned about two funds which kinda operate like ETFs for metaverse cryptos: Makara Metaverse and Index Coop Metaverse. Disclaimer: I have not invested in these. Please do your own research. Let me know your thoughts!2. Hackers using Google Cloud to mine86% of 50 recently hacked Google Cloud accounts were used for crypto mining Crypto mining requires large amounts of computation power to produce yield, leveraging Google’s massive cloud computing eases that burdenBut this is wrong! Unethical moves like this taint the industry and feed the false narrative that crypto belongs to shadowy underworld. Stop it, whoever you are!3. Davido launches a social tokenDavido is a living Afrobeats legend. His music sets the tone for every occasion. He is by far the most followed African musician on Instagram with over 22 million fans and another 36 million across Facebook and Twitter. I’m one of them. Full disclosure, Davido’s was the last concert I attended pre-pandemic. This week, the 29 year-old launched a social token “Echoke” to give power back to the fans…and cut out the middleman. The tokens will be airdropped for free to fans for a year beginning Nov 28. Holders of the token will get free access to giveaways, NFTs, backstage passes, jobs, festivals, exclusive merchandise, media, and hospitality benefits. I’m looking forward to checking this out! Stay tuned. That’s all folks! Thanks for hanging with me. Remember, no matter your circumstance, if you are able to read or listen to this then you have a lot to be thankful for. I hope you have a wonderful week. Best,Afo This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit afolabio.substack.com

Host Charles Potts, Chief Innovation Officer of the Independent Community Bankers of America, talks with Steve Schnall, CEO of Quontic Bank about how the bank launched a cryptocurrency rewards program to generate customer interest. Brian Laverdure, Vice President, Payments and Technology Policy for ICBA offers insight on the changing crypto regulatory environment. This episode is sponsored by Atlas Platform. 

Today on Pass The Secret Sauce we have Steve Schnall, a serial entrepreneur and the founder & CEO of Quontic Bank which was recognized as "Best Online Bank 2020".Steve had a vision of transforming traditional retail banking into customer-centric digital commerce. He transformed Quontic Bank into a profitable, well-capitalized, philanthropic, digital financial institution that does business in all 50 states. Quontic Bank has earned a Community Development Financial Institution designation by the U.S. Treasury.Steve is also a founding director of Urban Angels, a nonprofit organization that provides 100,000 meals to the homeless every year, and serves on the board of The Arthur Project, a non-profit which is redefining youth mentoring through an unprecedented type of intervention. He is an active member of Young Presidents Organization and YPO Big Apple Gold.In this episode we discuss:Steve's childhood, being self-sufficient at an early age  [4:00]His academic journey; working different jobs while studying [7:15]His first foray into the mortgage business  [10:15]Facing bankruptcy at 23 and how he grew his business again  [13:16]Presenting his business strategy to Wall Street; raising capital for it [17:50] The crack in the mortgage market; credit crisis; selling the company  [23:50]Building customer-centric digital banking business [27:10]Attracting and recruiting the right talents  [31:50]Quontic's core values and what they need to focus on  [36:50]Steve's management takeaway for entrepreneurs  [41:35]Best ways to learn more about Steve and Quontic [46:38]Quotable QuotesGo into a business where you are doing the same thing as everybody else but just try to do it better or try to work a little harder. Or you can do something that no one else is doing and innovate.Links to sources and toolsConnect with Steve on LinkedInLearn more about Quontic Bank's servicesListen to other PTSS episodes:Getting into the FinTech Space with Richard SteggallDeploying A Unique Workforce and Save Millions of Dollars with Richard SheridanMentoring Startups, Getting Into Less-Competition Niche Or Market with Jim KalbThanks for listening. Don't forget to like us on Facebook: https://www.facebook.com/passthesecretsauce to get updates on new episodes. If you haven't already, please follow and leave a review for our podcast, we'll really appreciate it. And as always, don't forget to pass the secret sauce.Support our podcastIf you're a fan of the show, there are three simple things you can do to support our work: Subscribe, rate and review: https://podcasts.apple.com/us/podcast/pass-the-secret-sauce-by-matt-shields/id1506940483 the podcast on iTunes or wherever you subscribe.Tell a family member, friend, or colleague about the show. Subscribe to us on YouTube:

Some pundits are already calling 2021 the year of the Great Resignation, as white collar workers given pause by COVID bid adieu to thankless jobs and lifeless workplaces. Then there's Quontic Bank, which has built a revolutionary culture based on four fundamental values that drive its success. On this episode, three of Quontic's leaders—Casey Christopher, Mike Lantz and Founder, CEO/President and Chairman Steve Schnall—take us on a deep dive into the mission-critical pillars that have made Quontic a disruptor among the disruptors, and a standout place to work.

In this episode, your host, Jeff Ford talks to Quontic Bank's Steven Schnall about innovation, homeownership, cryptocurrency, and more.  Check out Steven's website here: https://www.quontic.com/

Where do you turn when being poor has you exhausted? When you feel like you just can't think about ways to make money any longer? On a bigger scale, what's the secret to breaking out of poverty and the cycle of always being in debt? While we won't promise to solve the world's longest-running crisis in one podcast, our contributors all share their experiences and thoughts about working to overcome poverty. They share how they endured their own individual situations, and how they (and you) can plan and work towards getting out of a dark hole yourself. There aren't any quick fixes, but we do offer solid financial strategies that'll move you past the paycheck to paycheck lifestyle. How about some "free" Bitcoin? During our Friday Fintech segment we'll talk to Quontic Bank founder-CEO Steve Schnall. The digital bank, which offers a Bitcoin "cash-back" rewards card, also handles non-traditional mortgages to help under-served people who need it most. You'll especially want to listen to this one if you're in the hospitality business or any other industry with hard to document income. We end the show with a question from Nick. He tells us he's got an offer for a 2% cash back card. Nick is excited about using the card, but worried about his credit utilization rate. He's heard that 30% credit utilization is as high as he can go before his credit is negatively affected. Nick also asks if his credit is hit right away, or only when his statement is sent out. Our contributors share a full round of their thoughts before calling it quits for the weekend. Of course, Doug has some airtime for his trivia game-show. Learn more about your ad choices. Visit megaphone.fm/adchoices

My guest this week is Steve Schnall, CEO @ Quontic Bank. Quontic is a New York based Community Bank. They're also a first mover in bitcoin rewards card issuance. They have a live card in market. Not a waitlist. An actual live bitcoin rewards debit card! You can learn more at Quontic.com. Helpful Links: https://www.quontic.com/ (Quontic Website) https://www.linkedin.com/in/stevenschnall/ (Steve on Linkedin) https://twitter.com/quontic (Quontic on Twitter) This episode is brought to you by v-sum.com. Go to www.forfintechsake.com for helpful links and more information.

Somewhere in the brick-and-mortar boneyard, Steve Schnall acquired a New York-based bank on the cusp of collapse. His mission: Turn the old-school failure into a digital age dynamo. The learning curve was hairy, the regulators wary. But in the end, Quontic Bank has emerged as a standout new-school community bank. It focuses on what it calls “adaptive lending” for low-income customers and one-of-a-kind products such as Bitcoin Rewards Checking. On this episode, founder/CEO Schnall tells the remarkable Quontic story.

This week, we feature a conversation between Chris Nichols and Patrick Sells on how community banks should be thinking about bitcoin.  Chris serves as the Director of Capital Markets for SouthState Bank. He has 30+ years of banking experience, is an active bank investor, small business owner, frequent speaker, co-author of The Successful Lender's Field Guide, and frequent blogger. Patrick Sells serves as the Head of NYDIG's Bank Solutions business, building upon the momentum from NYDIG's efforts to bring the needed technological infrastructure for banks to be able to offer Bitcoin products and services such as custody, rewards programs and lending opportunities. Prior to joining NYDIG, Patrick served as Chief Innovation Officer at Quontic Bank, where he evolved the firm into a leading adaptive digital bank in the U.S. through a focus on technology and innovation. In 2020, Patrick was recognized as American Banker's "Digital Banker of the Year" and one of Independent Community Bankers of America's "40 under 40 Emerging Community Bank Leaders."  The views, information, or opinions expressed during this show are solely those of the participants involved and do not necessarily represent those of SouthState Bank and its employees.  SouthState Bank, N.A. - Member FDIC

This week, we sit down with Steve Schnall, CEO and founder of Quontic Bank in New York City.  He founded the bank in 2009 and has transformed the bank into a profitable, well-capitalized, philanthropic, digital financial institution which does business in all 50 states. We discuss innovative, bitcoin, and what kind of culture it takes to fully embrace innovation. The views, information, or opinions expressed during this show are solely those of the participants involved and do not necessarily represent those of SouthState Bank and its employees.  SouthState Bank, N.A. - Member FDIC

Hard to believe, but It has been close to a year since Covid completely disrupted the lives of almost everyone on the planet. Over this period, new challenges have forced companies to adapt and find new ways to provide services to their customers and employees. In this episode of Travillian NEXT, Keith Daly of The Travillian Group sits down with Casey to discuss how Quontic Bank has adapted – From recruitment & retention to mental health, Casey has found new ways to keep employees engaged and morale high. Also, Quontic made news late last year as the first FDIC insured financial institution to provide a Bitcoin Rewards Checking program for their customers. Casey gives an update on this product and partnership with NYDIG.

Casey Christopher, newly appointed Chief Empowerment Officer of Quontic Bank, shares the details of her new role and how empowerment of employees builds culture, engagement, and talent recruitment and retention. 

** Sponsored By The Travillian Group ** http://www.travilliangroup.com/ Patrick Sells is Chief Innovation Officer of Quontic Bank. https://www.quonticbank.com/ - He's young, has a vision and knows there's a good future for bankers that are willing to take additional risk. At the same time he sees culture, talent and partnerships as being critical to increasing a banks ability to thrive in an increasingly challenging environment. He and Keith Daly of The Travillian Group joined Bryan Clagett for this episode. Check us out on YouTube too --- Send in a voice message: https://anchor.fm/badassbanking/message

Traditional bankers, including those on the community banking level, often get confused by the roles technology, talent and culture should play in their success. Often the result adds up to a lack of vitality, vision and courage. Patrick Sells, the Chief Innovation Officer at Quontic Bank, has created something entirely different.On this episode walks up through the four principles the have made Quontic a forerunner in cracking—and rewriting—the banking/culture/technology Sells was named Digital Banker of the Year 2020 by American Banker and Quonitc is a proud sponsor of Bankadelic.

In this episode, Erik and Tom sit down with Jason Henrichs from FinTech Forge and Patrick Sells from Quontic Bank, recently named "Digital Banker of the Year" by American Banker.  They share insights on how community banks need to be approaching their digital offerings and why you don't have to be a large bank to be one of the most innovative.  The views, information, or opinions expressed during this show are solely those of the participants involved and do not necessarily represent those of CenterState Bank and its employees. CenterState Bank N.A. - Member FDIC.

For anyone who's waited in a long teller line or sipped stale coffee in a crowded waiting area, account opening isn't exactly a stroll in the park. Winning the online account opening game has become a key differentiator, and never more so than in this current age of sheltering in place. Patrick Sells, the Chief Innovation Officer of Quontic Bank, shares how his institution cracked to code to create an online account opening experience you can time with a stopwatch.