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 banking experience through a blend of service and technology. In 2012 Live Oak spun out nCino as a separate company to deliver its proprietary cloud-based bank operating system throughout the banking community. Today, over 200 financial institutions internationally are using nCino’s digital platform.
Mahan had leveraged a similar model before. In 1995 he founded Security First Network Bank, the first branchless, pure “Internet bank” in the United States. A few years later the software arm was spun off as S1 Corporation, where Mahan served as CEO for 12 years and helped define the digital banking landscape.
Mahan has been perched at the intersection of banking and technology throughout his career, with a focus on solving customer pain points. Earlier in his career he launched Cardinal Bancshares, growing it to an $800 million institution and taking it public in 1992. He also remains active as an investor in the current generation of Atlanta FinTech startups, most notably Greenlight and DefenseStorm.
In addition to his lunchtime remarks for the general session of more than 1400 attendees, Mahan will host a VIP discussion along with 2018 Lifetime Achievement honoree Tripp Rackley. Mahan will also be enshrined in TAG FinTech’s Hall of Fame alongside the 8 previous Lifetime Achievement Award honorees: Jimmy Blanchard, Pete Kight, Paul Garcia, Phil Tomlinson, Pamela Joseph, Brooks Smith, T. Stephen Johnson and Tripp Rackley.
Registration for FinTech South includes a Monday night kickoff reception and a packed full-day Tuesday agenda on the Mercedes-Benz Stadium field and locker rooms, featuring over 75 speakers over a combination of general and breakout sessions tailored to individual interests. We hope to see you there.