“ I think our transformation has afforded us to partake in that shift – to drop in a checking account , a savings account , a peer-to-peer payment in that ecosystem seamlessly and anonymously from a transaction perspective . We can bring that technology to bear without the huge uplift and regulatory burden that would otherwise exist .”
If you want to go far , find the right partner Away from the office , Donahue is a fan of life on the water and a keen fisher , particularly offshore fishing . On the desk behind him , an ornament of two leaping fish – a prize catch , were they not made from metal – sit glistening in the New Jersey sunshine . Donahue ’ s experiences away from work inform his belief about where the industry is headed . He compares it to Uber , and what that did for ride hailing . “ I remember I used to have a taxi app ,” he recalls . “ Now I can get taxis through Uber .”
“ We think people will go to brands they like to do business with , they ' re comfortable with , and they trust . And there ' ll be banking features within that ecosystem .” In order to keep pace with this change , BMTX has undergone considerable technological transformation in recent years – and the partners it chooses are instrumental in that .
The way Donahue summises his approach to partnerships is simple : “ if you want to go fast , you go alone , but if you want to go far , you go together ,” he says , recounting a popular mantra from his time in military training . BMTX ’ s call centre partner , Ubiquity ,