PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

Executive Spotlight Series with Jeff Marshall from D3 Banking

Jeff Marshall by Jeff Marshall
March 20, 2017
in Executive Spotlight
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

How long have you been in the financial services industry? How did you get involved in the industry?

I have been in the Financial Services industry for about 25 years. I founded an internet banking company in 1996, prior to that I worked in the actuarial pension field.

What do you enjoy about FinTech?

I enjoy the velocity of change in the marketplace as it relates to financial technology. The challenge of getting legacy banking minds in tune with emerging channels has been interesting and fun.

What are some of the biggest challenges financial institutions are facing in today’s digital landscape?

Financial institutions face a data challenge that they are not fully aware of. There is data available which is not being leveraged because of a resistance to change due to regulatory pressure and the simple fact that a lot of bankers have the attitude of, “it works well enough”.

What threats do you see for financial institutions in terms of the digital banking landscape?

Financial institutions run the risk of being disintermediated by the likes of Amazon, Apple, Paypal and Walmart. These companies are building huge payment networks that could be used for depository accounts. If consumers deposit paychecks into their Apple account, financial institutions may find it hard to compete digitally.

What are the primary benefits of the D3 Banking platform?

D3 Banking has developed a new type of platform for digital banking. We have taken advantage of modern frameworks that enable us to quickly code, deploy and scale our solutions. Because D3 Banking’s solution was built from the ground up, we can leverage responsive designs, restful API’s and enormous scalability right out of the box.

Where do you see the digital banking landscape in 5 years?

The digital landscape will start to migrate more to Machine to Machine (M2M) integration. Paying for groceries from your refrigerator, working with home devices like Alexa and integrating with embedded apps will grow.

What is the most important thing decision makers should keep in mind when evaluating FinTech companies?

Decision makers need to understand that the back office channels are very important. Understanding data analytics, so that systems like Alexa can have conversations with consumers, enabling better returns via virtual assistants. When someone asks Alexa for their checking balance, Alexa should return the balance along with some smart consulting – “Congratulations, I see you have reached 90% of your new car savings goal and you have been pre-approved for a new car loan. Would you like me to set up a call to talk about your new loan?”

What are the biggest benefits to partnering with FinTech vs. Building within?

FinTech companies have scale, experience, and expertise. It is difficult for a Financial institution to keep up with the maintenance of new frameworks, the security related to regulation and the “new blood” experience we get as we grow out the company. FinTech companies also integrate with the vendor community so that we can maintain competitive advantage as well as stay informed on new and existing players.

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    cross-border payments

    Cross-Border Payments: Fighting
    E-Commerce Fraud Using Data

    March 20, 2023
    fraud, ChatGPT-4

    How to Fight Fraud While Still Enabling a Great Online Customer Experience

    March 17, 2023
    RTP

    Financial Institutions Without an RTP Strategy Risk Being Left Behind

    March 16, 2023
    visa chargeback

    New Visa Chargeback Guidelines Will Be a Game Changer

    March 15, 2023
    liquidity management

    Liquidity Management Takes on Increasing Importance in Uncertain Economic Times

    March 14, 2023
    payments

    Key Challenges from Growing Payment Methods and Volume

    March 13, 2023
    Data Governance is a Journey, financial data

    How FIs Can Power Their Operations with a Modern Data Architecture

    March 10, 2023
    ISO 20022

    How Banks Can Realize Business Benefits and Reduce Payments Fraud With ISO 20022

    March 9, 2023

    Linkedin-in Twitter

    Advertise With Us | About Us | Terms of Use | Privacy Policy | Subscribe
    ©2023 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    Menu
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • Recent News
    • Resources
    Menu
    • Industry Opinions
    • Recent News
    • Resources
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result

      Register to download the Autorek complimentary report: Payments Industry Outlook 2023: