OM DENNE EPISODE
Kiah and cohost Alex Johnson are back for another Bank Nerd Corner Squared! This month they dig into the standard-setting moment banking is having right now, and why getting it right matters so much.
First up, the FDIC's early plans for an independent standard-setting body for bank and fintech partnerships. The sentiment is promising, but Kiah and Alex have questions about whether the effort will actually have teeth, plus a few contradictions they spotted in the draft. Then they turn to Solo Network's pilot for reusable identity verification artifacts, a system that could let financial institutions build on each other's completed KYC and KYB work instead of starting from zero every time.
From there it's a quick charter watch update (some approvals, some rejections), and they close out with a listener question that cuts deep: why do banks keep chasing fintech trends with poor ROI, never talk about the failures, and repeat the cycle all over again?
Bloomberg News story on FDIC standard setting: https://news.bloomberglaw.com/banking-law/fdic-floats-standard-setting-body-for-banks-fintech-partners
SOLO Network announcement: https://www.businesswire.com/news/home/20260805257445/en/The-SOLO-Network-Announces-Bank-Reliance-Pilot-for-Reusable-Customer-Verification-in-Coordination-with-The-U.S.-Department-of-Treasury-FinCEN-OCC-and-the-FDIC
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