Navigating the Moat Your Core Processor Has Built Around Your Data
Sharon J. Lorman
Jeffrey P. Marsico
Guest: Aaron Silva, President & CEO of Paladin fs and Golden Contract Coalition
Podcast Show Notes:
Our This Month In Banking (TMIB) podcast features discussion with colleagues and other industry thought leaders on interesting banking topics. TMIB is available on the last Wednesday of every month here, or wherever you get your podcasts, for your listening enjoyment. Join us on your commute, at your desk, or at home.
Topic: Navigating the Moat Your Core Processor Has Built Around Your Data
Insights from Aaron Silva, President & CEO of Paladin fs & Golden Contract Coalition
The influx of fintech companies has disrupted the banking industry and enabled community banks to offer products and services that rival larger competitors and keep your Bank relevant. However, some legacy core providers still obstruct fintech adoption by limiting open API’s and controlling fintech access to their platforms. Join our discussion with Aaron Silva, President & CEO of Paladin fs, to learn about some of the barriers imposed by legacy providers to prevent fintech access and how your bank can navigate obstacles to fintech adoption and digital transformation. Listen and enjoy!
President & CEO of Paladin fs and Golden Contract Coalition
Aaron Silva is a recognized industry veteran, speaker and the President of Paladin fs, LLC – a national research and consultancy firm. Paladin is the only company in the United States with a Blue Book of market intelligence and pricing data on every Core IT service provider. Silva founded Paladin fs, LLC in 2007 and launched the Golden Contract Coalition (GCC) in 2016. Silva invented the Paladin Blue Book, leveling the playing field for bankers in pricing and contract negotiations against national legacy core, IT and emerging fintech suppliers. GCC will reach more than $1B in combined contract value across its membership, delivering the leverage necessary to influence adoption of a “Golden Contract” standard that all technology suppliers will ultimately adopt in order to conduct business and lower risk within our industry. Aaron speaks regularly at banking and credit union association events nationally and is a published writer on strategic and technology issues facing communality financial institutions.
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Watch for episode 83 of This Month in Banking to be released on Wednesday, November 30th, 2022, and a new episode on the last Wednesday of every month.
Thank you for listening!