Travillian’s Post

🤖 All-In on Tech Efficiencies 💡   Moderators: Kim Snyder, Founder & CEO, KlariVis; Phil Goldfeder, CEO , American Fintech Council Panelists: Jesse Honigberg, EVP, Products and Platforms, Customers Bank; Barb MacLean, SVP, Head of Technology Operations & Implementation, Coastal Community Bank; Courtney Sacchetti, EVP, Chief Financial Officer, Bankwell Financial Group, Inc   Barb MacLean made the following observation about a bank’s investment in a core processor during the NEXT Forum’s All-In on Tech Efficiencies session. “When you buy, you essentially become a franchisee (of your core processor), because then you tend to buy [additional solutions]. Start thinking about [your tech company] like a startup: Use [them] for the one thing they’re good at, and stop using them for everything else.”   💡 If you would like more information and a full recap of the NEXT Forum, please click here ➡️ https://lnkd.in/e5PT3qYe #technology #banktech #fintech #bankconferences2024 #communitybanks

🌟 Talent Management Monopoly 🌟   Moderator: Paul Davis, Founder, The Bank Slate Panelists: Flynt Gallagher, President, Compensation Advisors, Newcleus LLC; Brian Love, Head of Banking and FinTech, Travillian; Keith Daly, Principal, Travillian   NEXT Forum started with a panel discussion on talent management, specifically compensation, retention, and succession.   The panelists identified two HR trends currently impacting the financial services industry: 💼💰🤝 Baby Boomer CEOs are showing reluctance to retire, which is stifling progression-advancement in the financial services industry 🏦👨💻 The needs among fintechs are diverting professionals from banking careers   According to Keith Daly, these influences affect banks’ risk and compliance operations. He observed that the “…Chief Technology Officer role is going to be critical,” especially as innovations like AI continue to advance into the financial services industry.   If you would like more information and a full recap of the NEXT Forum, please click here ➡️ https://lnkd.in/e5PT3qYe #talent #banking #fintech #chieftechnologyofficer #financialservices

Thank You from the Travillian Team!   We want to extend our heartfelt thanks to our fantastic co-hosts, Newcleus LLC and everyone who attended the 2024 NEXT Forum in Atlantic City, NJ. It was an incredible opportunity to bring together 22 financial services experts, spread over eight interesting and engaging sessions, to share insights, ideas, and strategies that are shaping the future of our industry.   Your participation, whether as a speaker or attendee, made this event truly special. We’re deeply grateful to our sponsors, moderators, panelists and everyone else involved for making this forum possible.   We look forward to seeing you again soon and we hope you enjoy this  quick article recap! ➡️ https://lnkd.in/e5PT3qYe   Stay tuned for more NEXT Forum content in the coming weeks. Michael Perito David Honold, CFA Sundeep Rana Joe Fenech Keith Daly Jeff Nowicki Robert Keil Stanley F. Orszula Emily Reisig Joe Fenech Trey Maust Patrick Ryan Isaac Wheeler Scott Hildenbrand Brian Leibfried, CFA Paul Davis Frank Sorrentino IV, CFA Jeff Cardone Jake D. Flynt Gallagher Barb MacLean Kim Snyder Jesse Honigberg Courtney Sacchetti

M&A was a big topic of conference at our NEXT Forum... here's a few deals that were announced earlier this week:

Scott Hildebrand ended his Travillian Next Forum session with a compelling message about deposit-side banking: "Banks need to decide what they want to be in terms of loyalty and trust. "My dad has enormous loyalty and little trust; my 10-year-old daughter has enormous trust and little loyalty. "To gauge your institution on this continuum, ask your interns why they bank where they bank. Chances are, the decision was made because their parents bank where they bank. Or they were given a gift that was meaningful to them, like a free Spotify subscription."

Further insight from Travillian's Next Forum in Atlantic City. Frank Sorrentino (Mging Dir of Investment Banking, Stephens, Inc.,) on the current merger/acquisition environment: "There is no such thing as a MoE. There has to be a winner. There has to be a quarterback."

The Travillian Next Form has kicked off with interesting observations from panelist Flynt Gallagher of Newcleus, who notes that Boomer bankers' reluctance to retire is blocking the advancement of newer professionals in the business. "They're stifling advancement," he notes. "The underlings are getting tired of waiting..."