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Full-Time

Bank Partnerships Manager

Confirmed live in the last 24 hours

Lithic

Lithic

51-200 employees

Platform for creating and managing card products

Fintech
Financial Services

Compensation Overview

$110k - $160kAnnually

Senior, Expert

New York, NY, USA

Category
Commercial Banking
Finance & Banking
Required Skills
Sales
Requirements
  • 5+ years of Payments experience, preferably at a sponsor bank or program manager
  • Excellent relationship building skills and networking know how
  • Strong understanding of operational tasks and ability to execute
  • Ability to translate and apply the Lithic value proposition and partnership goals to large and small banks alike.
  • Friendly, curious, and dependable and have strong relationship building skills
  • Proven ability to drive projects independently with a strong sense of ownership and understanding of prioritization
  • Excellent organizational skills and capable of diving deep into different projects and ensuring no task is lost in the shuffle
  • Enjoy collaborating with a wide range of people and seeking out other points of view
Responsibilities
  • Develop, maintain and grow relationships with Sponsor Banks, while overseeing day-to-day activities and requests from bank partners
  • Serve as the primary point of contact between bank partners and Lithic’s cross-functional teams, including Compliance, Implementations, Legal, Sales, Customer Success and Product
  • Work alongside the Product team in designing new bank-related products and managing the negotiation, development and launch with our bank partners
  • Manage and track all ongoing projects related to bank partners, holding both internal and external parties accountable to SLA’s and milestones
  • Be the voice of our bank partners in internal discussions around our product pipeline to ensure we continue to deliver first class bank products to the market
  • Expand and develop new relationships within our bank partners’ organization to help create more efficient processes and coordination

Lithic provides a platform for businesses to create and manage their own credit, debit, or prepaid card products. The platform allows companies to issue both virtual and physical cards, manage digital wallets, handle disputes, and set dynamic spending controls. Lithic operates with direct card network integrations and a native core system, which simplifies the implementation process and reduces the need for third-party services. This approach gives businesses more control over their banking relationships and financial operations as they grow. Lithic also offers a PCI-compliant solution to safeguard customer data and flexible KYC and KYB modules that can be easily integrated into existing systems. The company generates revenue by charging businesses for its services, likely based on the volume of cards issued and transactions processed. Lithic's goal is to empower businesses with the tools they need to efficiently manage their card programs and financial services.

Company Stage

Series C

Total Funding

$116.6M

Headquarters

New York City, New York

Founded

2014

Growth & Insights
Headcount

6 month growth

6%

1 year growth

12%

2 year growth

-14%
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Simplify's Take

What believers are saying

  • Being named to the 2024 Fintech Innovation 50 highlights Lithic's industry recognition and potential for growth.
  • The launch of new tools like the Settlement API and Network Risk Scores demonstrates Lithic's commitment to innovation and improving customer experience.
  • Lithic's continuous product updates, such as the Go client library and OpenAPI 3.0 definitions, make it easier for developers to build and integrate card products, fostering a supportive ecosystem.

What critics are saying

  • The fintech sector's volatility and potential for economic downturns could impact Lithic's long-term sustainability.
  • The crowded market of card issuance and management platforms requires Lithic to continuously innovate to maintain its competitive edge.

What makes Lithic unique

  • Lithic's direct card network integrations and native core system reduce reliance on third-party providers, offering improved economics and faster implementations.
  • The company's comprehensive platform includes virtual and physical card issuance, digital wallet control, and dynamic spend controls, setting it apart from competitors with more limited offerings.
  • Lithic's PCI-compliant iFrame solution and flexible KYC/KYB modules provide enhanced security and compliance, which are critical in the financial services sector.