Clayton Weir, Co-Founder and Head of Strategy talks collaboration between banks and FinTech startups with PYMNTS.com.
“It’s a win-win for everyone,” Weir noted. “If you swap a payor-directed payment system to one that is much more dynamic, you (as an FI) have the chance to process these things … much more efficiently. This allows both the customer and the bank to benefit.”
Are the stars aligning for companies to make API investment a top priority? The April PYMNTS.com B2B API Tracker™, powered by FI.SPAN, looks at how companies engaged in cross-border trade are turning to API solutions to reduce the friction that some players encounter when engaged in cross-border trade, including a brief editorial from our very own Clayton Racine Weir. Read more at PYMNTS.com.
“While engineers widely understand the technology, the business value of APIs is only more recently becoming known in our industry.”
Our Very Own Lisa Shields discussing the Importance of API partners in B2B Financial Services. Read more on PYMNTS.com.
“Banks have always been a trusted service provider of core financial services, but customers are turning to third parties for functional innovation,” she said. “What I see service management platforms doing is turning and orchestrating these innovating and compelling third-party offerings into a point-and-click exercise.”
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In June 2014, private equity firm Primus Capital became Hyperwallet’s majority shareholder, and Shields exited the firm. She founded FI.SPAN to target the business-to-business (B2B) banking and payments space in August 2016.
“The genesis of FI.SPAN was visits to Hyperwallet clients six to eight months after they had started working with us,” explains Shields.“These large corporations would ask if we could provide services such as cash management, foreign exchange or vendor payments. Clearly, they had unmet needs that their banks weren’t fulfilling, and were willing to work with third-party fintechs to meet these needs.”
FI.SPAN’s Founder and CEO Lisa Shields was recently featured in an Interview w/ Karen Webster of PYMNTS.COM. You can read the whole article Read More.
“The mantra in banking, is no longer ‘Mobile first.’ It’s ‘API first.’”
FI.SPAN’s CEO & Founder Lisa Shields gets appointed a member of the G7 Fellows of the newly announced Creative Destruction Lab-West.
CDL-West, an initiative of UBC’s Sauder School of Business, is an offshoot of the very successful Creative Destruction Lab incubator based in the University of Toronto’s Rotman School of Management. It is aimed at cultivating and commercializing early-stage ventures begun in a university research context. It provides a unique style of milestone-based coaching with the goal of maximizing equity-value creation. The CDL-West G7 is comprised of entrepreneurial luminaries, including Jeff Mallett, the founding President, COO and Director of Yahoo! Inc. from 1995-2002.
Shields, no stranger to the startup world, is a strong advocate for growing the tech industry locally. She believes instead of competing with each other that the industry must unite as a community to improve the regulatory and financing environment and thinks the CDL-West is the perfect initiative to lay the groundwork for that.
“Vancouver is on it’s way to becoming the one of the premier global tech hubs, I’m delighted to be a part of a program that is enabling that”, states Shields.
The team has just returned from a successful week in Toronto for the 2016 Women in PaymentsCanada Symposium with an arm full of hardware. The annual symposium program provides powerful and relevant content in the rapidly changing fields of retail payments, commercial payments and leadership.
FI.SPAN picked up the Audience Choice Award in the WiP Unicorn Challenge, a pitch competition among payment-industry startups.
CEO and Founder, Lisa Shields also won the Award For Innovation, a recognition given to a woman who has promoted payments innovation through creativity, vision and perseverance in the payments industry.
We couldn’t be prouder!
The annual symposium program provides powerful and relevant content in the rapidly changing fields of retail payments, commercial payments and leadership.