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percent said they prefer to observe market trends before quickly unveiling their solutions. percent of FIs said their innovationstrategies are driven by wanting to be first to market. At the same time, FIs face a familiar set of technological challenges that have hampered innovation in the past.
When it comes to technological innovation, however, the smaller players have long been outgunned by larger FIs and their sizable IT budgets. Today, small banks are more aggressive and ambitious in their innovationstrategies than medium-sized and large FIs. This is changing — in a big way.
Casey Christopher, Chief Empowerment Officer at Quontic Bank (NY, $835mm), and Brooke Ybarra, VP of InnovationStrategy at the ABA, provided bankers with a working knowledge of the current regulatory environment and how each technology works.
We also scrutinize revenue projections based on a variety of business and market factors such as consumer demand and the entrepreneur’s go-to-marketstrategy. As auditors, we take on a fiduciary responsibility to verify each client’s financial records – their tax returns, income statements and each line of the balance sheet.
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She combined InnovationStrategy Management with cutting edge technology to create an award winning SaaS company – GainX™, used by Fortune20s, 500s, and many of the worlds largest FSIs today. He has more than 30 years of experience in financial technology and is a recognized leader in financial and technology marketing.
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