Dubbed “The Entrepreneurial Bank,” New York-based Metropolitan Commercial Bank prides itself on sharing the entrepreneurial spirit of its clients, including the cutting-edge fintechs served by the bank’s Global Payments group.
An established leader in the Banking as a Service market, Metropolitan furnishes fintech clients with services including digital payments settlement, payment network gateways, custodian of deposits, regulatory and compliance oversight and third-party debit card issuing.
Galileo recently spoke with Nick Rosenberg, head of Metropolitan’s Global Payments Group, about how the bank enables fintechs to offer secure and innovative financial services to their customers, ultimately helping create a stronger and more trustworthy financial ecosystem.
Mission: “We ask our clients where they’re trying to go, and we help them get there,” said Rosenberg, “And the way we do that is by being a great partner from the banking perspective, but at the same time getting out of their way and really letting them do what they do best in terms of creativity, ingenuity, design and addressing their customer base.”
Founding: Established in 1999, Metropolitan Commercial Bank in 2021 was ranked as one of Fortune’s 100 fastest-growing U.S. companies.
What Galileo Does for Them: “Galileo helps provide the technology, while we provide the banking partnership,” noted Rosenberg. “When we have a customer that is using Galileo as their processor, we have the comfort of knowing they're applying the controls that are needed for cybersecurity, data security and business continuity, and the tools that customers are going to need to ensure that they're always going to have access to their money and that transactions are going to be successful.”
Impact: “We’re looking to expand the financial frontier by really understanding the type of services that fintechs and their financial services customers are expecting,” observed Rosenberg.
“There has been so much innovation over the last 20 years with the internet and the fact that everybody has a smartphone,” he continued. “So that, combined with the banking infrastructure in the background, is enabling us, through our clients, to allow consumers and businesses to move money quicker, faster, more securely and in innovative ways that have never been available in the past.”
Superando Desafios de Fintechs na Colômbia
Descubra estratégias eficazes para superar os principais desafios enfrentados pelas fintechs na Colômbia e prosperar neste mercado competitivo.
3 Formas como Dados e IA estão Melhorando Empréstimos em Bancos e Fintechs
Descubra 3 formas como o empréstimo com IA está revolucionando bancos e fintechs, melhorando decisões, experiência do cliente e gestão de riscos.
O que são as contas "Para Benefício De" (FBO)?
Saiba mais sobre contas FBO, seu propósito e como são usadas para gerenciar fundos em benefício de outros, garantindo segurança e conformidade.
Por que a Colômbia deve estar no radar de todas as fintechs
Descubra o rápido crescimento do ecossistema fintech da Colômbia no mais recente estudo da Finnovista, Galileo e Mastercard. Conheça as principais tendências e oportunidades que impulsionam a inovação em um dos mercados financeiros mais dinâmicos da América Latina.
Como Mo e Galileo Estão Abrindo Caminho para Todos os Tipos de Crédito
Saiba como a Mo Credit Management Platform, em parceria com a Galileo, está transformando a gestão de crédito na América Latina. Com foco em inovação e acessibilidade, eles oferecem produtos de crédito competitivos e escaláveis, desde microcréditos até cartões de crédito.