Mighty Finsights

Interview with Allan Rayson of Finov8r: Creating Change from Outside and Inside the Bank


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Host - Rory Holland - cstmr.com - Linkedin: CSTMR

Interviewed - Allan Rayson, Finov8r - LinkedIn: Finov8r

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In This Episode

Join us for Episode 26 of Mighty Finsights where Rory Holland interviews Allan Rayson, founder and CEO of Finov8r, a company that bridges finance and technology to deliver revenue and enterprise value for banks, fintechs, and corporations. They discuss the intersection of finance and technology. Allan shares insights from his military upbringing that shaped his adaptability, his journey into the fintech space, and the importance of community banks in today's economy. He emphasizes the need for banks to evolve and innovate, leveraging technology to create alternative revenue streams. Their chat also touches on mentorship, the challenges faced by community banks, and Allan's future plans for Finov8r, including a new subscription service that provides consultative insights to bank executives and fintech founders.

Key Takeaways
  • Allan Rayson explains how adaptability in a rapidly changing environment helped him grow in his career.
  • His military upbringing taught him resilience and the ability to adapt to new situations.
  • Finov8r is bridging the gap between finance and technology for banks and fintechs.
  • Many banks don’t understand the art of growing commercial deposits (aka “liabilities”) to fund their loans.
  • As a consultant, Allan can make a larger impact outside of a traditional banking role.
  • Community banks play a vital role in local economies and must innovate to remain relevant.
  • Collaboration between fintechs and banks is essential for their future success. 
  • Allan’s appetite for risk-taking has led to massive learning experiences and professional success.
  • Mentorship and community support are crucial for personal and professional growth.
  • Allan is launching a subscription service to share his expertise with a broader audience.
  • The future of banking will require a balance between asset growth and managing the liability side of the balance sheet.

Chapters

00:00 Introduction to Finov8r and Allan Rayson

02:12 Learning to Adapt as a Military Kid

04:38 What Led Allan to Start Finov8r

06:41 How Finov8r Helps Its Clients Grow

08:06 Allan's Source of Inspiration

10:23 The Art of Liability Growth in Banking

13:15 The Struggle to Integrate Fintech into Community Banking

15:09 Community Banks Are Vital and Disappearing

17:33 The Future of Community Banks

20:14 Finov8r's Target Market and Values

23:42 Opportunities in the Fintech Space

28:21 Personal Journey into Finance

31:09 Future Plans for Finov8r

36:58 Fintechs and Banks Will Need to Collaborate Closer

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Mighty FinsightsBy CSTMR