Mainstreet Bancshares, Inc. · NASDAQ:MNSB
Mainstreet Bancshares — Corporate Update (October 2021)
20 slides from Mainstreet Bancshares's corporate update, Oct 25, 2021
Slide 1: MainStreet Bank BaaS Presentation
Powered by MainStreet Bank Member FDIC TM October 25, 2021 1
Slide 2: Forward-looking statements
This presentation contains forward-looking statements, including our expectations with respect to future events that are subject to various risks and uncertainties. The statements contained in this presentation that are not historical facts are forward-looking statements as defined in the Private Se
Slide 3: What defines a Fintech
What defines a Fintech For us, Fintech companies provide a laser-focused App-driven customer experience that includes the offering of bank products and services – frequently in connection with broader non-banking services In 2020, the global investment in fintech firms was $34 billion. In the U.S. a
Slide 4: What is the BaaS platform
What is ™ Built upon our solid foundation of experience in providing BaaS 4
Slide 5: The Intersection of Banking and Fintech
The Intersection of Banking and Fintech Fintechs are disrupting and enabling the banking industry by designing financial products and services that are laser-focused on user experience Fintechs need a banking relationship which can be achieved through direct or indirect affiliation with a bank Banks
Slide 6: What is the Opportunity
Partnering with Fintechs will provide access to untapped markets, and become a fresh source for growth in low-cost deposits and fee income MainStreet has been providing Banking as a Service solutions to Fintech partners for more than 6 years Of the 4,902 community banks in the USA, few are considere
Slide 7: Quantifying the Opportunity
While there is no simple metric that can quantify the opportunity for Fintechs. A good bogey is the amount and volume of noncash payments The dollar amount of noncash payments processed in the United States exceeded $97 trillion in 2018 The volume of noncash payments exceeded 174 billion transaction
Slide 8: Examples of Fintechs Partners with banks
Chime Dave Kabbage SMART Payment Plan Examples of Fintechs Partners with banks } - Developed by a bank to attract younger consumers - Partners with MainStreet Bank / Avenu 8
Slide 9: SMART Payment Plan testimonial
MainStreet Bank has been an important strategic partner and BaaS provider for SMART Payment Plan since 2015. The team has been great to work with in providing and developing banking services that support and help grow our business. ” ” Smart Payment Plan 9
Slide 10: Banking as a Service
Banking as a Service Deposits checking savings time Payments electronic ACH debit card virtual debit check bill payment credit card Networks ATM ACH Fed wire Card rails RTP Swift Auto Reconcile API’s Integrated Compliance BSA / AML Cyber Security Tokenization Complaint management Dashboard & Reporti
Slide 11: Challenges we've seen over 6+ years of providing BaaS
Challenges we’ve seen over our 6+ years of providing BaaS Fintech may lack proper knowledge of banking regulations Fintech has an excellent idea but may have insufficient resources to build a subledger with integrated compliance technology Fintech may not be able to routinely balance its subledger F
Slide 12: Lessons we've learned over 6+ years of providing BaaS
Lessons we’ve Learned over our 6+ years of providing BaaS We need clear sightlines into: 12
Slide 13: How it works – standard timeline to full integration
How Works 30 – 60 days standard timeline to full integration ™ 13
Slide 14: To Become a Fintech Partner
To Become a Fintech Partner Pass our Development, Testing, Acceptance and Production process Code review Cybersecurity controls Transactional A/B testing Complete our Certified Compliance Program Our compliance training is fully integrated to our policy templates and provides the front-to-back train
Slide 15: ain Li box (test
ain 5 Li box (test @) Quick integration and aA aa a time to market proof of concept Oo Oa it) Compliance training, 2 hy tools & framework compliance rv MainStreetBancshares, In
Slide 16: Why BaaS for MainStreet
Why for MainStreet Source of low-cost deposits Source of fee income Taps new markets Enhances shareholder value ™ 16
Slide 17: Implementation Roadmap
Implementation Roadmap Building the future of Banking as Service (BaaS) Beta testing Begin Deployment Full Deployment ™ 17
Slide 18: Beta Client
Beta Client Laura MacMahon Co-Founder “ “ 18 ™
Slide 19: Our approach to proprietary BaaS is unique
We believe our approach to providing a proprietary Banking as a Service solution is unique Our transformational subledger combined with our high-touch compliance training goes beyond industry standards to ensure that our Fintech partners will prosper Our solution is designed to set the standard for
Slide 20: MainStreet Bancshares, Inc.
MainStreet Bancshares, Inc. ™
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