WHY WE EXIST
What technology really has legs? Who's actually using it in the market, and what have their results been? How can I test this before building? How can we bring this to market with greater confidence of success? How can I get something built without having to wait half a year for my online banking provider to be available to work on it?
Some recent research showed that 94% of big bank decision makers do not have any technology-related professional experience, so making good tech decisions can be difficult. (Source) With the Finovation Squad we’re building a network of banking techies to help each other validate products / new ideas and stay on the cutting edge without getting burned regularly by poor tech decisions.
HOW WE WORK
As techies and operators collaborate, participate in research, and build together, financial institutions will stay relevant and compete more strongly in the increasingly competitive space of Financial Services.
Here are some of the things you can expect from this group:
Finovation Squad members share where they're having success and where they need help. We work together to understand problems in our space, get new product ideas validated quickly, and bring the most innovative concepts to market rapidly.
We're regularly conducting surveys, meeting up with Finovation Squad members at conferences to discuss industry trends, and sharing the results of our research to help each of us make more strategic decisions regarding where we use our time and resources.
CONSULT & BUILD
With access to highly talented technical resources, fintech entrepreneurs, and financial services operators, this group is dedicated to helping assemble the best tech solutions available.
CREATOR, Jordan Wright
Entrepreneur, startup advisor, executive at a credit union, blah, blah, blah. He likes Fintech, he's had some decent success in it, and he wants to make it better, so he started Finovation Squad.
Operators - The Finovation Squad network consists of operators from dozens of FI's that want to stay current with market trends, bounce ideas off each other, and build cool stuff that consumers love.
Techies - While there are undoubtedly some people that are both techies and operators, we have made it a point to find the very best design and dev talent to help our group validate product concepts and get them to market quickly - time frames measured in weeks, not months or years.
WHAT SORT OF RESEARCH DO YOU DO?
We’re so glad you asked! We research all kinds of things in FinTech. Right now we're doing a bunch of research on the onboarding experience.
Are you interested in working with us? Please reach out and let us know how we can work together.