In this compelling episode of Fintech Confidential's 'Accrued' series on LendTech, host Tedd Huff and co-host Colton Pond sit down with John Maxfield, the insightful founder of Maxfield on Banks. This conversation explores the intricate dynamics of LendTech, the critical importance of understanding the decision-making context in banking, and the transformative role of technology within the industry. John shares his unique approach to studying banking history and its impact on today's banking strategies, offering a deep dive into the challenges and triumphs of banks navigating through crises. Key Highlights: The Essence of Decision-Making in Banking: Unpacking how personal experiences and a deep understanding of historical context influence banking decisions.Technology's Role in Banking Evolution: A look at how technological advancements are crucial for banks' growth, efficiency, and customer satisfaction.Navigating Compliance in the Banking Sector: Insights into the balancing act between innovation, growth, and the non-negotiable pillar of compliance.The Perennial Pitfall of Chasing Yield: Discussion on the common banking hazard of pursuing yield at the expense of stability, with a nod to recent banking challenges.Learning from Banking History: John emphasizes the value of historical knowledge in shaping banking's future, debunking the myth of a current tech revolution.The Future of Banking: Predictions on digital transformation in banking, emphasizing the ongoing evolution of distribution methods and the critical margin for error in banking decisions.Fintech and Banks: A Synergistic Approach: Encouraging a collaborative rather than competitive approach between fintech and traditional banking to foster innovation and customer-centric services. Takeaways: A nuanced understanding of decision-making contexts is vital for banking success.Technological integration is key to navigating the complexities of modern banking.The banking industry's future hinges on digital adaptation, with a keen eye on maintaining the delicate balance between risk, innovation, and compliance.Historical insights offer invaluable lessons for anticipating and shaping the future of banking. Also, watch the entire episode on YouTube. Links: John Maxfield Maxfield on Banks: https://www.maxfieldonbanks.com/ LinkedIn: https://www.linkedin.com/company/maxfield-on-banks/ Twitter: https://twitter.com/MaxfieldOnBanks Fintech Confidential YouTube: https://fintechconfidential.com/watch Podcast: https://fintechconfidential.com/listen Notifications: https://fintechconfidential.com/access LinkedIn: https://www.linkedin.com/company/fintechconfidential Twitter: https://twitter.com/FTconfidential Instagram: https://www.instagram.com/fintechconfidential Facebook: https://www.facebook.com/fintechconfidential Supporters Support is provided by: LoanPro - As default rates continue to rise and margins compress in lending, financial organizations are searching for solutions that combine operational efficiency with innovation. Look no further, as LoanPro allows lenders to enhance their origination, servicing, collections, and payments using the foundation of a modern lending core. Check out a...