Tim Russo
511 posts
Tim Russo
@TdotRusso
Senior Director, Partnerships @navan| TBird 2020 | Former cleverbridge, Apple, JP Morgan | fintech | travel | thoughts my own
เข้าร่วม Ocak 2022
225 กำลังติดตาม107 ผู้ติดตาม
Tim Russo รีทวีตแล้ว
“Forging strategic partnerships with a bank like Citizens allows us to combine strengths and provide travelers with a seamless, comprehensive solution.” –@TdotRusso
More on the new, co-branded T&E system from Navan and @CFGCommercial in @pymnts: pymnts.com/partnerships/2…
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Tim Russo รีทวีตแล้ว
Tim Russo รีทวีตแล้ว
"We kind of flipped the script with our BYOC [bring your own card] products." –@M_Sindicich
Axios Pro@AxiosPro
Rho, a New York-based business banking startup, will partner with Navan to let businesses add and manage corporate cards directly within Navan's travel and expense platform. trib.al/bQkPPAC
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Tim Russo รีทวีตแล้ว
We’re thrilled to partner with @rhobusiness on this joint solution to bring the power of Navan’s automated T&E solution to thousands of SMBs and founders!
Learn more from @axios' @ryanlawler on how Rho x Navan provides an out-of-the-box suite to get your finance stack flying, fast: axios.com/pro/fintech-de…
Rho@rhobusiness
NEW from Rho: We're partnering with @Navan to help finance teams fix one of their most frustrating pain points! Managing travel and expense (T&E). Finance teams manage a LOT in a single day, but today’s finance stack is expensive and kills more time than it claims to save. This isn’t the right way to do it. This is why we’re excited to announce our new partnership with Navan. Here’s how it came to be and what it means for you. Want to learn more about our partnership and what it means for finance teams? Learn more by watching the video below and reading the full blog post in the replies!
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Super proud to bring this to market with the Navan Partnership team.
SMBs are under served with finance and tech solutions. We’re partnering with @rhobusiness to change that, and bring consolidated solutions to those businesses.
Connected cards, banking, travel and expense!
Rho@rhobusiness
NEW from Rho: We're partnering with @Navan to help finance teams fix one of their most frustrating pain points! Managing travel and expense (T&E). Finance teams manage a LOT in a single day, but today’s finance stack is expensive and kills more time than it claims to save. This isn’t the right way to do it. This is why we’re excited to announce our new partnership with Navan. Here’s how it came to be and what it means for you. Want to learn more about our partnership and what it means for finance teams? Learn more by watching the video below and reading the full blog post in the replies!
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Tim Russo รีทวีตแล้ว
🚨 Fintech Biz Weekly SCOOP:
Feds Freeze $5m At Evolve Bank & Trust in “Pig Butchering” Crypto Fraud, Money Laundering Case
Wise, Solid, Airwallex, Mercury & Relay Linked To "Large Fraud Conspiracy Ring," Secret Service Says
You know where to find it
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Excited to teach Payments 101 this morning to a bunch of new industry people who have no idea what direct/indirect to banks even mean. #mrcvegas #veryspecificbaasjokes
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Tim Russo รีทวีตแล้ว
You think this Insta influencer realizes FCRA was passed 54 years ago?
(Also this isn’t what FCRA does but 🙄)
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It’s the time of the season when M&A runs high 🎶🎶🎶
Jason Mikula@mikulaja
Fintech Biz Weekly just dropped: -Breaking: TabaPay working on a deal to acquire embattled BaaS platform Synapse, multiple sources say -Oxygen to end banking services, pivot to healthcare -Are we past "peak fintech"? Why I'm still optimistic You know where to find it!
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Tim Russo รีทวีตแล้ว
Attending @SageUSAmerica this week? Come say hello 👋
Join Navan’s Tim Russo, @Mastercard, and other experts tomorrow morning for a panel on understanding how access to capital, growth, and security are fundamental in mid-market.
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The kind of sophisticated, insightful analysis you expect from a top-tier VC firm like a16z
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Tim Russo รีทวีตแล้ว
🚨SCOOP:
BaaS platform Treasury Prime has laid off a substantial share of its team - about HALF the company likely impacted.
With regulators' focus on banks' due dil, onboarding & TPRM, TP will shift to focus on selling software to banks and cease sales efforts to fintechs.
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@mikulaja @sytaylor Posit: The lack of confidence this will create could be a contagion on its own. If any of these players are issuing cards/program managing then you have partners, cardholders, and merchants (either accepting or placing on file) that will be less motivated to to buy, use, accept.
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@sytaylor Counterpoint:
Blue Ridge entered an FA in Q3'22, appears to have not sufficiently solved the problems highlighted by that order, and received a more serious cease & desist less than 18 months later and will most likely exit fintech/BaaS business altogether.
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I heard an estimate from Konrad at Klaros that 50% of banks in banking as a service are at some stage of formal enforcement actions.
The interesting thing is those that received them last year are now progressing with much tighter controls.
The industry is maturing.
Jason Mikula@mikulaja
🚨BREAKING: Green Dot, BaaS partner to Apple, Uber & Amazon, received a proposed consent order from the Fed, per the company's 8-K filing yesterday. The order hasn't been finalized, but Green Dot took a Q4 charge of $20m toward an eventual penalty, warned fine could reach $50m.
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Imagine if they did surge pricing at the Venetian Starbucks.
The hardcore efficient markets people would just need to bite their lips and pay up.
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