Brian McMahon

Imagine the new products and services you could introduce, and the new revenue streams you'd control, if your banking institution could become the most secure storage location for all forms of your customer/member wealth. Well, a truly innovative financial cooperative has just proven they/you can do just that, and remain competitive and relevant as a result! I'm most impressed and pleased by the work the St. Cloud Financial Credit Union and DaLand LLC teams have completed together leading up to this launch; and thrilled to see a local financial institution making history - becoming a safe, trustworthy, local, and sustainable storehouse for new forms of member/community wealth! History being made; bridges being built between 'TradFi' and 'DeFi,' sovereign and local control of money (of all forms) being protected and preserved, waves being stirred for others to surf!! Exciting to see viable and more secure alternatives for digital asset storage, to witness noble financial services leaders leveraging their investments into modern core processors and immense money processing infrastructure so users can accrue wealth of new forms and don't have to assume the risk of relationships with big, online, impersonal exchanges (neo-banks), wallet app providers, or risk fumbling a fortune on a thumb drive or hardware wallet. https://lnkd.in/ekazN2eK #bitcoin #btc #eth #usdc #banking #money #localeconomy #localbanks #communitybanks #dollar #digitalassets #wallets #creditunions Bitcoin Magazine

12

2 Comments

A leading U.S. bank achieved a whopping 70% reduction in processing time and significant cost savings. How did they do it? If you are still overwhelmed by the cost of modernising your IT infrastructure, you are not alone. I understand the struggle. Now you can achieve the same results as the bank I mentioned, modernising workplace applications. The mainframe hybrid cloud strategy offers the optimal solution. Integrate your mainframe systems with cloud technology to maximize your existing investments. Don't let expenses hold you back from embracing innovation. #ITModernization #Technology #DigitalTransformation #Optimization

17

Financial institutions are struggling to meet Gen Z where it is, with products, experiences, and messaging that resonate with the younger set. That can change if FIs can think more creatively around data, personalization, inter-generational marketing, and other acquisition strategies. Mahesh Raghavan, Associate Managing Director of Strategy at Publicis Sapient, shared some strategies for financial firms, at the Tearsheet Gen Z Symposium held recently in NYC, aiming to develop services and products that resonate effectively with the Zoomer demographic. Raghavan highlighted five key strategies that fewer fintech companies like Greenlight are effectively using to engage with the Gen Z demographic, which traditional firms are not fully leveraging. Listen to the full discussion: https://lnkd.in/dcg8stE5 #genz #financialservices #untappedstrategies

27

2 Comments

I was honored recently to be involved with a leadership interview series. The interview focused on building successful teams. If you know me, you know I like to do two things (besides eat) laugh, and use analogies. Here is a snippet from the interview using the body to describe the importance that every team member brings. https://lnkd.in/eHienziH

13

4 Comments

"[Now is when] credit union executives must take the initiative. The time has come to acknowledge these emerging financial realities and prepare your institutions for the future. This means not only being ready to safely hold digital assets on deposit but also building out lending and payments operations that support consumer loans, mortgages, and digital wallets. In doing so, credit unions can protect their members against the real and present dangers of inflation and federal budget deficits, ensuring that they remain relevant and resilient in this new financial era. By leading the way in the adoption of digital assets, credit unions can influence the development of regulatory frameworks that are both supportive of innovation and protective of consumer interests." https://lnkd.in/etHyhQcw #money #dollar #economy #banking #creditunion #local #financial #bitcoin #btc #digitalasset #strategy #innovation

4

Learn how to successfully implement AI in breaking organizational silos and enhance collaboration that organizations as a whole must implement.

1

The RTP® network, the largest instant payments system in the United States operated by The Clearing House, now averages over 1 million payments per day. The RTP network also set single day records of 1.46 million transactions valued at $1.24 billion on November 1. In October, the RTP network experienced a record 31.7 million transactions valued at $25.4 billion, up 6.2% and 9% respectively, from September, as financial institution customers continued to enjoy the ease and speed provided by instant payments on the network. Payments activity on the RTP network shows that consumers and businesses are utilizing and benefiting from the system’s 24/7 capability, with a notable 42% of transactions happening overnight, on weekends, or on holidays. The utilization of the RTP network outside of normal banking hours (Monday through Friday, 8am-6pm ET) shows that it is providing real-world payments solutions that give users the flexibility to move money or pay bills when they want, and to meet the needs of the modern, 24/7 economy. #RTP #ACH #SameDayACH #FedACH #NACHA #ACHNetwork #CHIPS #FedNow #Payments #InstantPayments #RealTimePayments #Zelle #ChinnapaReddy #Banking #Innovation #Fintech #BillPay #B2B #FasterPayments #B2BPayments #SWIFT #NEFT #RTGS #FedWire #LYNX #CHAPS #UPI #NPCI

24

5 Comments

Avoiding banking transformation pitfalls - A panel at the Bank Customer Experience Summit addressed how to avoid banking transformation pitfalls. https://lnkd.in/gD669DZQ

6

As a de novo bank, Piermont Bank had the advantage of building its systems, processes, and customer experience from the ground up, tailoring them to the demands of the modern world. 🌎 Learn more about Chief Banking Officer Rodrigo Suarez's philosophy on modern banking on the latest episode of The Bank Tellers! Full episode here: https://bit.ly/4iocXjp

11

Get plugged into the future of #money, so this doesn't become your local #bank or #creditunion HQ. The team at DaLand LLC doesn't do sign work; but we can help ensure you're in a position to sign up members / consumers and business interested in streaming money and modern payments! #bitcoin #ethereum #USDC #banking

2

Banks and credit unions are facing significant challenges in scaling hyper-personalization. Anson Vuong and Anand Balasubramanian break down the five key steps every institution needs to take to harness the power of data, AI, and customer-centric innovation in this latest piece from Cortico-X. #FinancialServices #BankingInnovation #FinTech #CX #CustomerExperience

6

Plan (and act) accordingly, local #bankers and #creditunion leaders. The wealth and health of your community likely depends upon your preparation and willingness to expand your horizons and broaden your understanding of money networks and monetary policy. If you haven't started making technology, product, and operational plans for these eventualities, the team at DaLand LLC can jump-start your path to sustained relevance and help your #financial #institution remain plugged into the future of money:

3

Breaking News: Historically “Stuck-In-The-Past” Industry Considers Joining 21st Century. Just kidding. But seriously. Banks have been hamstrung by old, inflexible tech for decades. Banking leaders want a lean technology stack that can change quickly and cost-effectively without major disruptions to business. Service providers can help achieve that goal, but which service providers are leading the pack? Our latest Horizons report evaluates the the capabilities of 18 service provides across the HFS core banking modernization value chain based on a range of dimensions to understand the why, what, how, and so what of their service offerings: https://lnkd.in/gU2jbrsS Phil Fersht | Saurabh Gupta | Elena Christopher | Tony Filippone | Robert Brennan Hart | Thomas Reuner | David Cushman | Rohan Kulkarni | Joel M. | Melissa O'Brien | Divya Iyer

43

3 Comments

The CRO Network prides itself on being different to a standard peer-to-peer community. It was designed after hours of research with Chief risk officers at banks. We heard first-hand the experiences leaders were facing including being siloed. They told us the pressure they felt having to make important decisions with strategic acumen. The network creates links between leaders managing the same projects as you. Then, we place you in working groups where you can work through the challenges together. Find out more here: https://hubs.li/Q02tMWvj0 #CROnetwork #RiskManagementCommunity #ExecutiveNetworking #LeadershipDevelopment #IndustryInsights #RiskMitigationStrategies #CROCollaboration

3

I'm aware of a few #local #financial institutions which have been impacted by regulator and lawmaker apathy, ambivalence, and ignorance. If you're a #banking or #creditunion institution trying to advance a strategy and products for #digitalassets, we want to hear from you. At DaLand LLC, we're certain your institution is in the #MONEY business - not merely the electronic dollar business - and we're committed to ensuring noble, decentralized, community-focused, member-owned institutions stay plugged into the future of ALL forms of money (especially streaming money networks like #Bitcoin).

3

1 Comment

Learn how to advance your career by taking control of it …