Dear Third Party Payment Vendor, It’s Not You, It’s Open Banking APIs
In the past 15 years, the gap between ERPs and banks widened so much that an ecosystem developed around it, making third party payment vendors hugely successful. However, open banking APIs are going to change everything! In this episode of Fintech Corner, JD and Brett discuss the massive disruption that’s happening in the world of payments.
- Corporate and consumer banking live on different planets
- What happens when Justin Bieber buys your tshirt and how Facebook pays out creators
- The need for programmatic payments technology
- Demystifying the massive transformation happening in corporate payments
- What’s got third party payment vendors up at night
- Brett and JD’s HUGE announcement for all Fintech Corner listeners
Never be out of the loop on what’s going on in finance, tech, and business.
Show Notes / Resources
About Fintech Corner
A podcast for fintech lovers that starts conversations between bankers, financial technology innovators, and their clients to evolve finance and treasury for the 21st century. For decades, there has been a gap between the technology that banks can offer and what corporate clients need for modern cash flow management and analysis. We’ll cover emerging trends to help bridge this gap, technologies that can reshape the roles of treasury & finance, and the in’s and out’s of API bank connections & open banking.
CEO & Founder, Trovata
After starting his career as a CPA with the Deloitte audit practice, Brett gained progressive experience in corporate finance and accounting managing SEC reporting for Amazon and then becoming VP of Finance for Worldwide Packets (sold for $300M+ in 2008). Across his last three roles as a startup Co-Founder / CFO, Brett has raised over $100M in equity and venture debt financing while helping create over $500M in shareholder value. Today, he is the founder and CEO of the cash management platform, Trovata. Brett is a Seattle native, with a BA in Finance from Seattle Pacific University.
Joseph Drambarean is the Chief Product Officer as well as CTO at Trovata. Joseph is one of the founding members of the company and the first engineer. Before Trovata he worked with companies like Capital One where he was at the forefront of digital transformation, leading product management as head of the innovation labs and mobile banking teams. Joseph is driving innovation around rapid deployment and customer onboarding, bank-grade security, and machine learning at Trovata, creating a more consumerized user experience for customers from small businesses to enterprises.