Speaker Alert: How Crypto, FinTech Impacts Banks

Profit from our experience.

It’s more than a slogan on the homepage of our website.

We believe in those words. It’s a mantra that we live.

At CFO Consulting Partners, we are a team of senior financial executives who provide a broad range of financial management services to public and private companies in more than nine industries.

We know how to position companies for growth. We can show you how to monetize debt and how to stay one step ahead of inflation. We help companies invest and divest throughout the year.

That kind of experience provides us with timely knowledge that we are willing to share.

For example, in the remaining 10 days this month, our growing team will speak at three industry events. Each one will be time well spent.

Impact of Cryptocurrency on the Banking Industry (April 20)

Eric Segal, a partner at CFO Consulting Partners, will moderate the panel discussion at the Financial Managers Society and NJBA CFO Conference on Wednesday, April 20 from 8:30 a.m. to 2:30 p.m. at Sanzari’s New Bridge Inn in New Milford, New Jersey. Attendees may be able to earn up to 5 CPE credits.

As team lead for 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.

Blockchain, which is the technology behind cryptocurrency, has created angst among the banking community in recent years. In 2017, JPMorgan Chase CEO Jamie Dimon threw shade at Bitcoin, the world’s largest crypto token: “It’s worse than tulip bulbs,” said the banking veteran, referencing the 17th-century Dutch tulip market bubble. “It won’t end well. Someone is going to get killed.”

But in his annual shareholder letter this year, Dimon wrote that “decentralized finance and blockchain are real, new technologies that can be deployed in both public and private fashion, permissioned or not.”

To register for this incredibly timely event, please click here

FinTech and Banks: How Does It All Work (April 22)

The Financial Management Society’s Philadelphia Chapter will host an all-day seminar designed for CFOs, controllers, accounting managers, investment officers, treasurers, internal auditors and similar positions from community banks thrifts and credit unions.

Our team will present the ongoing marriage between traditional banks and FinTechs, which bring to the table different cultures and growth rates.

In 2021, banks spent $80 billion on technology, while FinTechs raised $140 million to disrupt the industry. How will this new partnership work? Who will win?

The event will be held at the Sheraton Valley Forge in King of Prussia from 8 a.m. to 4:30 p.m. Attendees may earn up to seven hours of CPE credit. To register for this full-day event, please click here.

FinTech and Banks: How Does It All Work (April 28)

Rob Milrod, a senior finance leader at CFO Consulting Partners, will be part of a discussion for Northern New Jersey Community Bankers at Sanzari’s New Bridge Inn in New Milford from noon to 2 p.m.

Cornerstone estimates that the banking as a service (BaaS) market could grow to more than $25 billion in annual revenue by 2026.

A bank’s back-office opportunities with FinTech’s application programing interfaces (APIs) is potentially massive. The new tech would evolve client and loan lifecycle management. Customer-related processes could be automated. Tasks like opening an account and ongoing maintenance, loan origination and the KYC process will be changed forever.

But can banks baked in “legacy” make the change? Can FinTech team members wear jeans and a t-shirt to the office? (To register, please email Northern New Jersey Community Bankers Executive Director Brian McAllister at atnnjcb@optimum.net.)

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.

Milrod will present with Nancy Schneier, who is chief revenue officer and founder of Vikar Technologies.

CFO Consulting Partners believes education is a building block for opportunity, which is why we invest in pertinent topics at industry events.

Based on our 15 years of experience, we also believe in a team-based approach to solve your problems. That’s why team members have CFO and controller experience in various spaces that include banking, financial services, FinTech and crypto.
Let us help you create more value—as we show you how crypto and FinTech are changing banking so we can win-win together.