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Safwan Zaheer

Dynamic Payments and Fintech Executive Driving Innovative Solutions, Strategic Growth, and Market Leadership - - MIT Alum

Safwan Zaheer is a highly accomplished Financial Services, Payments, and FinTech leader with a strong track record of developing competitive strategies and products to ensure market dominance.

He excels in driving intelligent digital transformations, leading E2E initiatives, and generating impactful results at a large scale, with a focus on prioritizing customer and team needs.

With a firm belief in the ongoing evolution of Financial Services amid digital disruption and FinTech advancements, Safwan emphasizes the importance of embracing change to avoid disintermediation.

His expertise lies in Accelerating Business Revolution through Growth, Innovation, and Digital Enablement, where he leverages strategic agility, system-wide thinking, and efficient execution to deliver market-leading products and drive business success.

Safwan's core strengths include Payments, Lending, POS Lending, Buy Now Pay Later, Credit Cards, Embedded Finance, BaaS, Consumer Banking, Crypto, Blockchain, Digital Transformation, Technology, P&L, Operations, Customer Delivery, Strategic Planning, Revenue Generation, and SaaS.

His educational background includes a Master of Science in Engineering and Management from the Massachusetts Institute of Technology, a Master of Science in Engineering and Management from the Sloan School of Management at MIT, a Master of Science in Electrical Engineering from Texas A&M University, and a Bachelor of Science in Electrical Engineering, Cum Laude, from Texas A&M University.

Safwan Zaheer has held key positions in various organizations, including Managing Director for Financial Services, Payments, Lending, & FinTech at hundredX, Senior Advisor for Payments, Blockchain, and Crypto at Blockchain Founders Fund, EVP & GM for POS Lending at LendingPoint, Head of Products for POS Lending & Payments at BM Technologies, Inc., Head of FinTech and Digital Financial Services at KPMG US, Director for Digital Payments and Financial Services at Accenture, Director for Digital Payments Strategy & Products at Barclays, Management Strategy Consultant at Peppers & Rogers Group, Senior Manager for Mobile Products and Solutions, and Mobile Standards Engineer at Nokia.

Highlights

Jul 9 · linkedin

No More Free Checking Accounts For #Americans?

In a significant shift that could impact all #American bank customers, JP Morgan Chase has announced potential changes to its #fee structure in response to new #regulatory measures. The regulations, introduced by the #CFPB, cap #overdraft fees at $3 and late fees at $8. These measures, while designed to protect #consumers, are prompting #Chase to reconsider its pricing for several currently free services, including checking accounts and wealth-management tools.

According to #Chase, these new rules could drastically increase the cost of everyday banking for Americans if they are enacted in their current form.

The #banking industry is reacting strongly to these changes. While a coalition of bank industry groups is appealing the decision, smaller and regional banks are expected to struggle to compensate for the reduced fee income.

On the other hand, larger banks might offset this impact through their wealth management and investment banking sectors. This realignment could potentially open the market wider for #community banks, smaller banks and #FinTech companies, reshaping the banking landscape significantly.

#payments #checkingaccounts #lending

Apr 29 · linkedin

#Bitcoin's Surge Sparks #Square's #Innovation Blitz. As #Bitcoin ascends, Square ramps up its game, unveiling a new Bitcoin feature that empowers #merchants to trade Bitcoin effortlessly.

Square now automatically funnels 1-10% of daily sales from Square #sellers into their personal #CashApp accounts, converting the amount into Bitcoin by day's end. And it doesn't stop there—merchants receive confirmation once the conversion is complete.

Soon, this Bitcoin conversion feature will be available to all sole proprietors or single-member LLCs, with just a 1% cut taken by Square from each conversion. Plus, merchants can easily send or sell Bitcoin from their Cash App accounts at any time.

Square's mission? To make Bitcoin accessible and seamless across its platforms. Integrating its self-custodial wallet #Bitkey with #CashApp and #Coinbase.

While merchants aren't obligated to use these features, it's a cool perk for those eager to join the Bitcoin bonanza. As Bitcoin's value skyrockets, Square's innovations promise to convert transactions into opportunities. #fintech #block #payments #crypto #bch #lending #retailers #smallbusinesses #smbs #cryptocurrency #mobilewallets #digitalpayments

Safwan Zaheer
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Location

Greater Philadelphia