Kevin Wysocki
speaker
135 appearances
1 recordings
1 series
first heard Jul 2026
last heard 23 Jul
Kevin Wysocki’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
Um, and then some, uh, FinTechs also want to have access to those rails.
So there's a debate, uh, going on right now.
There's been an executive order.
There's been, um,
a rulemaking, a proposed rulemaking by the Federal Reserve on this matter.
And we're a lot of times explaining, well, what is a national bank exactly that does trust activities?
And how does that differ from like a fintech?
And how is that similar to a regular bank that everyone thinks about?
And then walking through some of these things like
Well, you don't need FDIC insurance because you're not lending, right?
But some of these traditional banks need that because they are lending.
So there are just kind of facts on the ground that are different in all these instances that we're really walking through right now with a number of offices and various people in the administration and other stakeholders.
And I think it's an important step, like having more access to these accounts for the various types of entities, especially these national trust banks like us.
I think we'll sooner have these national trust banks consider on the same playing field as a regular bank.
And then the fintechs, I think, are going to gradually get access probably to a Fedmaster account, but that might be later down the road and more limited.
So that's what I think is likely to happen hopefully in the next year or two.
It's definitely an exciting time, right?
USAT just launched, I don't know, maybe four or five months ago.
It's growing quickly.
I think there's a real opportunity in the United States to advance, right?
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