In this episode of Behind the Vault, we look at the inside vs. outside innovation options with Ted Coy, founder of Valiify, a CUSO dedicated to serving smaller banks and credit unions. Ted's journey from Alabama Credit Union to entrepreneurship offers a unique perspective on the challenges and opportunities in this often overlooked sector.

Major points from the episode:

• Ted's career path and the experiences that led to founding Valiify
• The unique needs of small financial institutions and why they're underserved
• Tackling digital account opening for community banks and credit unions
• Overcoming the technology adoption bottleneck in smaller institutions
• The build vs. buy dilemma and how it can spark innovation

This episode provides invaluable insights for anyone interested in fintech, credit unions, and the digital transformation of community financial services.

Listen in to learn:

• Barriers to innovation for smaller financial institutions
• Approaches the "build vs. buy" dilemma for community FIs
• Strategies for competing with neobanks and fintechs on a limited budget
• The importance of a consultative approach in serving both small and large institutions

Links discussed:

• Valiify
• Ted's LinkedIn Profile