CFO Consulting Partners Talks FinTech-Bank Synergy

Partner Eric Segal Shares Insight at Financial Managers Society

Eric Segal, a partner at CFO Consulting Partners, recently lead a panel discussion about how high-tech FinTech companies are finding ways to work with legacy-driven banks. Fellow panelists included Rob Milrod, FinTech lead at CFO Consulting Partners, Nancy Schneier, chief revenue officer and founder of Vikar Technologies and Markus Veith, who is Grant Thornton’s digital asset practice leader and partner in charge of the Northeast Financial Institutions Practice.

At the CFO Consulting Partners’ sponsored event, Segal explained the benefits and challenges that the two parties must address before they can grow their business. For most banks, partnering with FinTechs may be the fastest way to sidestep the legacy systems and grab Millennials’ market share.

The special event, “FinTech & Banks: How Does It All Work,” was held at the Financial Mangers Society (Philadelphia Chapter) in Blue Bell, Pennsylvania. 

As head of the firm’s FinTech, Banking and Financial Institutions practice, Segal has worked as interim CFO for a $1 billion public community bank, providing clients with regulatory guidance, conducting M&A sell-side due diligence, managing SEC reporting such as 10-Q restatements, developing business plans and mortgaging bank accounting policies, as well as securitization analysis.

Rob Milrod, a senior finance leader at CFO Consulting Partners, also was part of the panel discussion. Milrod has more than 25 years of finance and accounting experience, including audit experience at a Big 4 public accounting firm, senior global roles in finance, investor relations and sales at Citigroup and consulting work with smaller companies and startups.

According to a 2021 financial services survey that focused on digital transformation, today’s marketplace expects an experience that happens online. Regarding current customer priorities, financial executives said the following features top the list: 1) cloud-based collaboration platform (72%), real-time intelligence for customer analytics, and 3) data-driven personalization (58%). 

CFO Consulting Partners believes education is a building block for opportunity, which is why we invest in pertinent topics at FMS. We are a financial advisory firm that helps CEOs, CFOs and boards grow ROI with unmatched expertise, actionable data, improved processes, and innovative solutions for startups in all stages, as well as middle-market companies.

Based on our 15 years of experience, we also believe in a team-based approach to solve your problems. That’s why we have so many financial professionals on staff with CFO and controller experience in various spaces that include banking, financial services, FinTech and crypto. 

At CFO Consulting Partners, we build better processes that empower you to make better financial decisions. If you have questions about the evolving relationships between FinTechs and financial institutions, please email Eric Segal or call him at (609) 309-9307 x702.

We can grow faster together.