“ fast and furious ” over the next 12-18 months . “ We ’ re bringing in fintech Narmi to update our account opening process , driving quicker wait times for our members and getting all integrated products set up and refined for our customers .
“ The partnerships that we ’ ve created with those fintechs are already starting off on an awesome foot . And we ’ re excited to see that next evolution .”
This wait for the next evolution will not be too long at all , according to Germann . “ Jon ( Douglas ) has policies written , procedures written and passed . But I think by the time they ’ re printed and published , Jon will be writing those policies and procedures , such is the speed of innovation before we get the next fintech partner on board . I think the time scale for innovation is closer to four or five months as opposed to 12 months , the industry is moving that quickly .
“ The horse has bolted out of the barn . It ’ s not slowing down but getting ever faster . I actually think I ’ m misjudging the scope of innovation we ’ re seeing and the things that can be achieved over the next few months , particularly with the introduction of AI at so many fintech vendors . The speed of innovation in financial services has been rapid , and at the current rate it looks like this pace is set to continue indefinitely .”
fintechmagazine . com 125