First Fed Announces Ana Liza Grandner as Senior VP

First Fed Announces Ana Liza Grandner as Senior VP

First Fed Bank has announced a new senior vice president and chief payments officer in Ana Liza Grandner, a press release so.

Grandner has over 20 years of experience in financial services with banks and fintechs, including being VP, Head of Fintech Banking and Head of The Payroll Protection Program at Cross River, working on cards, lending and crypto solutions.

Prior to Cross River, she worked with The Bancorp, holding a portfolio including accounts at Google, Simple, Varo, Bento and more.

Read more: Cross River Bank’s PPP lending practices raise questions

Grandner said the company’s job aligned with her “passions and areas of expertise” in building fintech products and partnerships.

“Ana Liza is a recognized leader in fintech banking, with deep experience in the digital payments ecosystem,” said Matt Deines, president and CEO of First Fed Bank. “We are excited to have her on board as we continue to build our offerings and relationships in the banking-as-a-service (BaaS) space.”

In other banking and fintech news, Acting Comptroller of the Currency Michael J. Hsu has said that firms should be vigilant in monitoring their risks.

Hsu said it can be more difficult to monitor risk and assign responsibility in problem situations if multiple firms work together.

“Look, bank-FinTech partnerships, they’re here to stay,” Hsu said in a recent interview. “I’m not trying to do away with them. This is the future, so let’s get the future right.”

See also: Cross River Bank on how Embedded Finance can accelerate payments in niche markets

He said there is a greater risk of a “severe financial crisis” due to the increased amount of digital banking and fintech. Due to the rise of fintech in the traditional financial sector, including through partnerships with banks, there has been more complexity and “de-integration” in banking.

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Because of that, he said there had to be attention to the problem, or there were probably other problems.

“My strong feeling is that this process, left to its own devices, is likely to accelerate and expand until it is a serious problem, or even a crisis,” Hsu said.

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