How do you help an industry innovate at breakneck speed while ensuring consumer protection, trust, and regulatory compliance? And what role should an association play in bringing competitors, regulators, and innovators together to shape the future of an emerging industry?

In this episode of Associations Thrive, host Joanna Pineda interviews Phil Goldfeder, CEO of the American Fintech Council (AFC). Phil discusses:

How AFC has grown from roughly 25 members to more than 175 members and partners, while maintaining a retention rate above 95%.
Why AFC intentionally brings fintech companies and banks together under one roof, creating collaboration rather than competition.
How AFC differentiates itself as a standards-based organization that embraces regulation, compliance, and consumer protection.
Phil’s career journey from public service, including roles with Chuck Schumer, Mayor Michael Bloomberg, and the New York State Legislature, to banking and association leadership.
How Hurricane Sandy exposed the need for innovation in insurance and financial services and helped shape Phil’s professional path.
Why Phil believes association leadership is remarkably similar to elected office: both are fundamentally about service, engagement, and impact.
How AFC creates “safe spaces” where member CEOs can openly discuss challenges, best practices, and emerging business models.
AFC’s advocacy efforts to educate policymakers and regulators on fintech innovations such as Buy Now, Pay Later and Earned Wage Access programs.
How AFC’s annual summit maintains an intimate, collaborative atmosphere even as attendance has grown dramatically.

References:

AFC Website