Top Takeaways from FinTech South
By Glen Sarvady, 154 Advisors
If you’re one of the 1,500 professionals who attended FinTech South at Mercedes-Benz Stadium in Atlanta last week, like me you’re probably still absorbing the wealth of insights delivered across an action-packed 24 hours.
Leafing through my notebook, here are some of my favorite nuggets captured on Tuesday. Bear in mind this list reflects only items I heard personally- with four content tracks I was able to attend only a sliver of the breakout sessions. Feel free to add your own favorites in the comments field below.
(By the way, you can also hear my coverage of FinTechSouth, …
Second/Third/Fourth Acts – Chip Mahan To Receive TAG FinTech’s Lifetime Achievement Award
By Glen Sarvady, 154 Advisors
It’s notoriously difficult to find a consensus definition for FinTech. Broadly speaking, however, it involves the application of technology to address financial services challenges.
Based on this criterion, few people have demonstrated as much repeated FinTech success as Chip Mahan. It’s therefore fitting that Mahan will receive TAG FinTech’s 2019 Lifetime Achievement Award. He we be honored during a lunchtime presentation at FinTech South at Mercedes-Benz Stadium on Tuesday, April 23.
Mahan is the Chairman and CEO of Live Oak Bank, one of the nation’s leading small business lenders, with a stated mission of providing customers an unprecedented …
Where Has All the Data Gone?
By Don Campbell, RightCourse
In today’s financial services organizations, 90 percent of the data stored is never accessed. That’s a lot of data gone missing that could offer unique insight into how to improve operational performance and generate new revenues.
Many financial services organizations do not possess the foundational technologies needed to analyze data properly. Here is a short list of weaknesses that plague many organizations:
- Core computing infrastructure
- Network and data security
- Management commitment to be data centric
- Qualified data scientists
- Corporate-wide analytical software
Those who follow Gartner’s Hype Cycles (how a technology or application will evolve over time) know that …
A View from the Mentor’s Chair – TAG Fintech’s Innovation Challenge
By Rachel Halper, Porter Keadle Moore
The Technology Association of Georgia’s (TAG’s) 2019 Fintech Innovation Challenge is in full stride. The month-long competition showcases some of Georgia’s newest companies and innovators in the FinTech space, offering the resources and opportunity to grow these startups into larger businesses.
Atlanta-based Porter Keadle Moore (PKM), an accounting and advisory firm, has been involved with the program since its inception, with several team members serving as mentors to companies selected to participate. These mentors work behind the scenes, lending their advice and expertise as well as guiding the companies through the process leading up to the Pitch Night competition …
Want to Vet a Business Idea? Why Not Run It By the Buyers?
By Ali Raza, Blue Leviathan
Run it by the Buyers (RIBTB) events, organized by FinTech Atlanta, convene large Georgia-based corporations and early / mid-stage fintech companies around a particular industry theme. The stated intent is to focus on key industry issues, opportunities, and challenges, with the goal of fostering commercial collaboration between large corporations (Buyers) and promising young fintech companies building innovative new products, solutions, and services (Sellers).
The events are designed to support a key tenet of FinTech Atlanta’s Fund & Innovate Work Group, which is to establish and sustain the ‘Entrepreneurial Virtuous Cycle’ that helps innovators align Product-Market-fit more efficiently and …
Fifty Thousand Reasons to Innovate in Georgia
By Glen Sarvady, 154 Advisors
This week marks the kickoff of the Technology Association of Georgia’s fifth annual Fintech South Innovation Challenge. The winner will walk away with a non-dilutive $50,000 cash prize – if there’s a bigger award being offered in any similar US competition, we’re unaware of it. Perhaps more importantly, the winner – as well as other standout participants – will benefit from significant exposure to key players across the spectrum of Georgia’s thriving fintech ecosystem and admission into the prestigious fintech catalyst ‘Accelerate’ program at Georgia Tech’s Advanced Technology Development Center (ATDC).
Georgia’s Emerging Blockchain Beachhead
By Tommy Marshall, Georgia Fintech Academy
The first-ever study of Atlanta’s blockchain ecosystem was released at the Technology Association of Georgia’s annual TAG Summit event in mid-February. The Technology Association of Georgia (TAG) and Georgia Tech’s Scheller College of Business collaborated on the Blockchain Ecosystem Flash Report, authored by myself (on behalf of TAG) and Nishant Dass, Associate Professor of Finance at Scheller and Founder of The Blockchain Roundtable.
Ten years have passed since the launch of Bitcoin, which is the highest profile (and in the eyes of many, the most advanced) use case to date of blockchain technology. The Atlanta area company Bitpay …
Calling All Georgia Innovators- The FinTech South Innovation Challenge Wants You!
By Tommy Marshall, Georgia Fintech Academy
Applications are now open for the 2019 FinTech South Innovation Challenge. Now in its fifth year, this four-week event offers the largest prize among US FinTech startup competitions – $50,000 in cash – and at least as importantly, a pathway to massive exposure across Georgia’s leading FinTech ecosystem and beyond.
The program consists of three weekly sessions providing expert instruction from nationally recognized industry experts on critical startup skill sets such as fundraising, public relations and regulatory compliance. For example, Sean Banks – partner at TTV Capital, a leading Atlanta venture capital firm – will lead the session on …
2018 P20 Conference Showcased Atlanta’s International Payments Leadership
By H. West Richards, American Transaction Processors Coalition (ATPC)
As we close out the 2018 calendar year, I look back on all the successes in the FinTech and payments community here in Atlanta, and beyond, as part of Georgia’s “Transaction Alley.” We are truly seeing collaboration between companies, industry partners, and the public sector that is unprecedented and moving the needle – with more to come in the future!
But reminiscing, I can’t help but think how 2018 was a milestone as Atlanta hosted its first P20 conference in October. The second annual event (the first was in London October 2017), the P20 brought together an international audience …
Shining a Light on Transaction Alley
By Glen Sarvady, 154 Advisors
125 and counting.
That’s how many Georgia FinTech companies we’ve identified competing in a thriving and highly attractive marketplace. These players range from multi-billion, multi-national public entities (First Data, NCR) to fast-growing firms that have recently gone public (Cardlytics, EVO Payments), industry powerhouses headquartered elsewhere with significant local presence leveraging Georgia’s robust FinTech labor force (Fiserv, FIS) to companies that chose to relocate to capitalize on our dynamic ecosystem (Featurespace, FattMerchant) – and more than a few startups that are already earning national accolades (Vital4, GroundFloor, Softgiving).
It’s in this latter category where some scrappy young players have …
