Using Technology as a Competitive Edge
A majority of banks’ technology expenses go toward keeping the lights on. But banks can gain a real competitive advantage when they use technology to effect change within business lines, says Matthew Mann, a general partner at Fin Capital. Tapping into the wealth of transactional data already available to banks could be one key to unlocking organizational change. Banks can then glean valuable customer insights that can be used to develop new products and ultimately grow revenue.
Topics discussed include:
- How Competition is Evolving
- Why Data Infrastructure Matters
- How Boards Can Think About Emerging Tech in Banking
Matthew Mann
Matthew is a General Partner at Fin Capital, where he is responsible for investment sourcing, holding board responsibilities, and delivering operational value by guiding portfolio companies through capital raises, mergers and acquisitions, and successful exits. Prior to Fin Capital, Matthew was a Vice President in the Investment Banking Division of Goldman Sachs. In this role, Matthew executed M&A and capital raises on behalf of the firm’s financial services clients. At Goldman Sachs, Matthew also served as Secretary of the Firmwide Commitments Committee, which approves all IPOs, deSPACs, and equity-linked transactions globally, and as the ESG Captain for the Financial Institutions Group. Prior to that, Matthew was a public markets investor at Fifth Third Bank and spent several years in their merchant acquiring business.