“Non-bank financial institutions,” or NBFIs for short, are organizations without banking licenses that offer various banking services. This is a clunky way of making something familiar sound foreign or abstract. If this definition isn’t quite clicking, fear not. I bet you’re more likely to recognize an NBFI by its brand name than the generic term.
As Vice President of Payments Strategy, Jim Olney provides research and analytical expertise to support the strategic decisions of the company. He collects and summarizes research reports on a variety of payment topics from checks, P2P and cryptocurrency to empower participants with information to make decisions on faster payments.