A new bank technology firm, Neocova, is looking to chip away at the dominant market share of the legacy core system providers. The big three firms - Fiserv, Jack Henry and FIS – are the core providers for the majority of U.S. banks but Neocova and some others have emerged with new offerings. In the episode, Neocova CEO Sultan Meghji says his firm can help banks compete with larger institutions through greater customization and meet regulatory needs with greater efficiency through artificial intelligence-based technology. Ray Chandonnet, head of Hovde's financial strategy advisory group, recently helped Neocova raise capital, including from a number of banks. He joins the episode and discusses the capital raising process, what community banks like about the platform and how it is different from other new entrants in the space.