Long-term vision and pay for performance

first_imgOne of my favorite aspects of industry conferences is the opportunity for brainstorming—the quality time during presentations to process random comments from the stage that trigger new ideas.I had one of these flashes listening to a keynote address by Plaid CEO Zach Perret at NACHA Faster Payments 2017.Plaid is an API (application program interface) company that fashions itself as “the fabric of financial technology.”Perret makes a case for a hub-and-spoke model with the financial institution at the center of an array of third-party applications.To some extent, this vision has already found traction. Perret points to research showing the average consumer has more than 15 services connected to their bank accounts, many of them from nonbank providers. continue reading » 9SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

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