Matthew Hurwit: Got it. Thanks.
George Gresham: You bet.
Operator: Thank you. Your next question comes from Cris Kennedy from William Blair. Please go ahead.
Cris Kennedy: Yes. Good afternoon. Thanks for taking my questions. George, I mean you’ve done a lot of changes at the company and hopefully, in 2024, those are kind of behind you. And when you think about how you’re pivoting the company and the opportunities associated with embedded finance, how should we think about kind of the growth of Green Dot going forward?
George Gresham: Well, thank you for your question, Cris. I mean I do hope at some level, this change we’re going through has a ephemerable – ephemeral characteristic to it, so that it fades off a bit. We will always be base with change. We are operating in a dynamic world with technological change and business pattern change. But our most immediate focus, as I’ve mentioned in the past, is to get our capabilities integrated with each other, so that we can provide a vertically integrated set of solutions to partners. We’re well down that path. We still have work to go that work. We’ll continue into 2024. But as I mentioned in our prepared remarks, keep in mind, as we come to work every day and try to motivate our team, we’re focused very much on inwardly looking technology change right now, and that really consumes a lot of intellectual capability.
That is about to shift. And that shift is going to go from doing that sort of work to focusing on – externally on our market opportunities. We are doing that today, of course. But when we spend a lot of time on some of the changes we’ve been managing it just inherently takes away from some of these opportunities. So that’s going to be a big shift for us. You’ll see it in our messaging, in our communication, in our pipeline, in our announcements. So that’s going to be our focus in 2024. We’re very, very excited to be shifting to that focus here in the back half of this year. Now what does it mean objectively for growth? I can’t guide you to any particular metric at this point, but the embedded finance market is tremendously vast.
We’re extremely unique. We have highly differentiated points of product offerings and capabilities. And our other businesses that we don’t typically think of as embedded finance, by the way, PayCard, EWA, our TPG tax processing businesses, we’re all extremely – we’re extremely optimistic about all of those opportunities, and we think those businesses are all growth businesses as well. And this year has been a difficult year as we’ve had some of these rollouts in our discussion today, but those are going to be behind us shortly. Our trading portfolio is going to be behind us. So we’re excited about the future. We think we have a lot of opportunity to dramatically change our growth rate. So I’ll stop there. I’ve rambled on a bit and let you ask your follow-up.
Cris Kennedy: Yes. I guess – is there going to be a time where you’re going to kind of lay out what your long-term growth objectives and – will be for the company?
George Gresham: Yes, absolutely. So in the short term, I should say, first of all, our cadence is when we do our next call, reporting our third quarter results, we hope to make some additional qualitative – more qualitative comments about these topics. And then when we do our Q4 call in early 2024, obviously, we’ll be giving guidance about 2024. And we hope to be able to wrap within that guidance more at least directionally on a quantitative basis about what we think the business might look like over a multi-year period.
Cris Kennedy: Right, thank you.
George Gresham: You’re welcome.
Operator: Thank you. [Operator Instructions] Your next question comes from George Sutton from Craig Hallum. Please go ahead.
George Sutton: Thank you. George, you mentioned you’re in the final stretch of the tech conversion. Can you just tell us what exactly is involved in the final stretch?
George Gresham: We have two remaining conversions. So I mentioned, we had seven. We’ve done seven. We have two remaining, scheduled to be done in the next couple of weeks.
George Sutton: And when you say next couple of weeks, so should be completed, I don’t know how quickly a conversion would necessarily take.
