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Letter from the President
Hello,
I’ll admit it, I really do look forward to the fall conference season. Between September and October, we’ll see a host of new companies, ideas, innovation; and we’ll hear from the “experts” on those issues we need to be paying attention to in 2017. While this year will be remembered for: fintech labs and partnerships with traditional FI’s; the rise of millennials; and a push for real-time payments; I’ve been thinking a lot about how to gauge disruption and how we should view the messengers.
Disruption in financial services depends on a company’s ability to handle scale. While many claim to have a better platform or process, very few companies can take an idea to mainstream successfully. Alternative lenders are learning more about fraud to their dismay and access to capital. The best quote I’ve heard recently is, “Anyone can lend money. It is the getting paid back part that is hard.” Additionally, fintech or regtech companies looking to sell to or through traditional FIs know that creating sales organizations or a series of productive partnerships takes time and talent.
The media and our business are changing too. This issue includes a lot of information about changes with media, our staff and how content marketing is a growth area.
I hope to see you at a conference soon,
Scott Mills
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