Georgia-Based FinTech Companies Recognized at TAG Summit Technology Awards
By Don Campbell, RightCourse
At the 2020 Technology Association of Georgia (TAG) Summit, one of the largest technology conferences in the Southeast, TAG announced two award groups that recognized Georgia-based technology companies for their innovation, financial impact, and their efforts at spreading awareness of the state’s technology initiatives throughout the U.S. and globally. What’s key here is that about one-third of the award winners are members of the dynamic and growing FinTech community.
Encouraging FinTech Signs Amid the COVID-19 Crisis
By Chip Harden, Ondot Systems
As the United States copes with shrinking GDP numbers and rapidly ballooning unemployment amidst the COVID-19 pandemic, there are decidedly few sectors not suffering considerably from the demand and supply shock this current environment has precipitated.
How Banks and FinTechs are Stepping Up Amid COVID-19
By Glen Sarvady, 154 Advisors
The timing couldn’t be better for TAG FinTech’s Friday panel discussion featuring executives from Alogent, Atlantic Capital Bank, Greenlight and Truist. Too often the business narrative has banks and fintech companies pitted against each other in a pitched battle for supremacy and survival. Thankfully this perception had already begun to recede- there are far more reasons for collaboration than competition among these players- but there’s nothing like a common enemy to help solidify alliances.
The week in review – April 20
Each week TAG FinTech Steering Committee member Ali Raza compiles a list of newsworthy events impacting the payments ecosystem. He has graciously agreed to allow us to report his thoughts going forward. This week’s headlines include:
– Leaked pics reveal Google smart debit card to rival Apple’s
– Facebook’s Libra cryptocurrency gets revamp in response to backlash
– PayPal Approved to Provide Access to Paycheck Protection Program Loans
– Student lender SoFi to acquire Galileo Financial Technologies for $1.2 billion
Minding the (Value) Gap: Big Tech Inches Closer to Consumers with Google’s Smart Debit Card
By Chip Harden, Ondot Systems
A global pandemic has proved insufficient to quell Big Tech’s continued foray into financial services. The end of March brought an announcement from Microsoft that they would partner with Plaid to launch a fintech app, integrating with its Excel spreadsheet software to provide personal finance support. Last week, TechCrunch revealed Google’s intention to unveil a “smart” debit card, apparently to serve as the payment vehicle behind Google’s checking account initiative announced in November.
Facebook’s Libra Cryptocurrency – Initial thoughts on an exciting new chapter
By Tommy Marshall, Georgia Fintech Academy
Everyone I have spoken with this week is buzzing about Libra. My parents are in Dublin, Ireland on a college-sponsored trip and I received a text from my Mom on Wednesday asking what I thought about Libra! Clearly there’s hope for payments experts like me that our families may yet figure out what we do for a living.
If you are just coming up to speed on the news – like the rest of us, since details remain fairly scarce – here are a few basics.
Point 1: Libra is the name of Facebook’s planned digital currency. Designed …
Global Payments/TSYS Deal Completes FinTech Trifecta
By Glen Sarvady, 154 Advisors
They say big events happen in threes. If that’s the case, are we due for a breather?
Global Payments’ $21.5 billion acquisition of TSYS announced last week marked the payments space’s third major consolidation in the in the first half of 2019. In January Fiserv upended the status quo with its similarly sized acquisition of First Data. FIS followed suit in March with an even larger transaction, absorbing Worldpay. All three deals are subject to regulatory approval, and are targeting closure later this calendar year.
Both Global Payments and TSYS are headquartered in Georgia, as is First Data. …
HOPE Global Forum- Now with FinTech Inside!
By Glen Sarvady, 154 Advisors
(spoiler: read to the bottom for a discount code)
We’re nearing the end of a busy conference season, but a unique and quite special late May event remains on the docket- especially for those in the Atlanta area. I attended (and spoke at) my first HOPE Global Forum last spring, and it delivered the most remarkable blend of content, star power and inspiration I have ever experienced. The 2019 edition, May 29-31 in downtown Atlanta, is poised to up the ante on all three dimensions.
Operation HOPE’s stated mission is to advance financial dignity and inclusion by equipping …
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 …
