FinTechs Entering US Will Need Sponsor Banks, Says Thredd CEO
The decision to expand into the U.S. market involves more than renting office space and adding a U.S. address to your website. As Webster unpacked in her conversation with McCarthy, whose own company entered the U.S. in March, and Kieran Draper, CEO USA of payment processor and embedded finance provider B4B Payments, FinTechs that are looking to enter the U.S. need to prepare for stringent regulations, tough questions, tougher conversations and hopefully an outcome that makes it all worthwhile. McCarthy said there are five issues they should expect to reckon with.
