GroundBanking

Small business owners and banks face unique problems: Small business owners are passionate about their business but often are not financial experts. On the other side, banks haven’t always done a great job of serving small businesses.

Monit is designed to help solve that. Banks work with Monit to offer their small business clients an opportunity to integrate QuickBooks with Monit to get clear views of current cash flows, plus predicted numbers.

Monit CEO Stephen Dow combined his banking and small business background to help cofound Monit.

As small businesses fight for survival during COVID-19, averting financial problems can make the difference. “The pandemic has highlighted how critical small businesses are to the economy as well as how financially fragile they can be,” said Dow, who is demoing Monit at the Finovate conference.

Our featured beer this episode is Silent Accord from Six Bridges in Johns Creek, GA.

What does it take to win a fintech innovation challenge? Zach Duke, CEO and founder of Finosec (https://www.finosec.com/) shares how his company’s cybersecurity governance solution helped Finosec place in the top 3 in the innovation challenge (https://www.tagonline.org/awards/ft-innovation-awards/), making it to the final competition at Fintech South (https://fintechsouth.com/awards/#innovationchallenge).

Listen in to see how Finosec has moved from a startup to “success to significance” with tools and platforms that solve the issue of efficiency and reduce insurance risk due to governance and user access reporting in this week’s GroundBanking podcast.

Welcome to GroundBanking, stories about innovation in the financial industry. Each episode, host Terry Ammons features experts in banking and Fintech, who discuss the challenges and opportunities in today’s marketplace — whether it’s embracing new technology, coming up with new lines of business or finding more efficient ways to serve their customers and communities.

 

In our latest episode, we talk with Liat Shetret, Senior Advisor of Crypto Policy and Regulation at Elliptic - a compliance industry leader that focuses on protecting businesses against financial crime in the cryptocurrency space. The Elliptic suite provides its customers with the assurance and transparency they need to effectively handle crypto transactions without worry.

 

Liat and Terry dive into how customers specifically benefit from the tool as well as the new guidance published by the OCC, how it effects national banks and cryptocurrency practices and more.

The featured beer in this episode is Three Harvest - a collaboration between Wild Leap Brewing Company (LaGrange, GA) and Extreme Hops (hydroponic hop farm in Auburn, AL).

Welcome to GroundBanking, stories about innovation in the financial industry. Each episode, host Terry Ammons features experts in banking and Fintech, who discuss the challenges and opportunities in today’s marketplace — whether it’s embracing new technology, coming up with new lines of business or finding more efficient ways to serve their customers and communities.

In our latest episode, we talk with Barclay Keith, CEO & Co-founder of Artis - a tech startup that developed a platform focusing on building a real-time, point-of-need digital lending solution for banks and their existing relationships. Artis provides their solution all while remaining “faceless” as the Bank utilizes the platform to benefit their customers’ loan needs in a seamless manner.

Barclay explores the technology behind their solution and how it has improved the loan process, how they have developed and smoothed out the platform’s onboarding process and user experience for both the Bank and their relationships and more.

Our featured craft beer this episode is Chance IPA from Wild Leap Brew Co. (www.wildleap.com) in LaGrange, Georgia.

Welcome to GroundBanking, stories about innovation in the financial industry. Each episode, host Terry Ammons features experts in banking and FinTech, who discuss the challenges and opportunities in today’s marketplace — whether it’s embracing new technology, coming up with new lines of business or finding more efficient ways to serve their customers and communities.

Our latest episode features a discussion between host Terry Ammons and Xamin CEO & president Jonathan Smith. Jonathan highlights his experience moving Xamin to a fully remote status as well as shares the lessons he learned along his journey.

In our latest episode, we talk with Eric Schurr, Chief Strategy Officer of National Products for Sunrise Banks, who is working towards increasing financial inclusion and empowering financial wellness through their partnerships with FinTech organizations.

In this episode, we talk with Kim Snyder, CEO and Founder of KlariVis (https://www.klarivis.com/), who is working to solve the data conundrum in the financial institutions industry. Instead of dealing with agonizing report writing and fragmented information, financial institutions of all sizes can use KlariVis to leverage their data efficiently. The KlariVis data analytics solution automates the integration of your financial institution’s data from its various sources, then analyzes and aggregates to allow you to quickly visualize your previously siloed and disparate data in one place with unparalleled ease. 

Our featured craft beer this episode is Elusory IPA by Orpheus Brewing Company (https://www.orpheusbrewing.com/beers/elusory/) based in Atlanta, GA.

In this episode, we talk with Trevor Lain (CEO and Founder) and Reese Porter (Director of Strategic Partnerships) of Lexalign who are working to help financial institutions control risk by empowering third-party oversight. LexAlign’s SaaS solution provides transparency on customer, vendor, and partner practices—while empowering those parties to self-assess and master the specific rules, risks, and responsibilities that apply to their activities. 

https://lexalign.com/

Our featured craft beer this episode is the Get Comfortable Belgian-Style IPA, a new Creature Comforts collaboration with Allagash Brewing.

http://www.creaturecomfortsbeer.com/beers/2019/2/12/get-comfortable-ipa-2020-j8j4m (http://www.creaturecomfortsbeer.com/beers/2017/9/26/classic-city-lager)

In this episode, we talk with Christina Camacho, CEO of Ivy Lender who is transforming the way small businesses apply for loans. Ivy Lender offers a front-end technology connecting lending institutions to the largely untapped small business market. Using an AI-driven borrower adjudication process and broker on boarding tool, institutions are ultimately able to convert more SMB applications while saving time and increasing their fee revenue.

https://www.ivylender.com

Our featured craft beer this episode is Classic City Lager by Creature Comforts Brewing Company, based in Athens, GA.

http://www.creaturecomfortsbeer.com/beers/2017/9/26/classic-city-lager

In this episode, we talk with Tommy Marshall, Executive Director of The Georgia FinTech Academy. The Georgia FinTech Academy is bringing together the fintech industry and the University System of Georgia, to offer education and training on a wide range of fintech topics and career pathways.The Academy’s structure allows employers to partner with multiple USG institutions, whether in close proximity or elsewhere across the state of Georgia.

https://www.georgiafintechacademy.org/ (https://www.georgiafintechacademy.org/)