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Episode Summary

Many financial institutions feel stuck, believing technology myths hold them back from innovation. In this Wrestling Payments episode, host Elyssa Morgan talks with Brian Anderson, VP of Banking Transformation at Finzly, about busting these myths and competing in today's payments ecosystem without waiting for core systems to catch up.

Brian explains how institutions can shift from core-reliant to core-complimentary thinking, transforming payments from cost centers into strategic revenue drivers. He details how API-driven platforms create flexibility and new customer opportunities, helping smaller institutions build stickier relationships and compete with larger banks and fintechs.

The conversation emphasizes that technology decisions are business strategy, not IT projects, requiring C-suite buy-in to reframe investments as essential for competitive advantage.

Guest-at-a-Glance

Name: Brian Anderson
Role: Vice President, Banking Transformation
Company: Finzly
Expertise: Helps institutions innovate through best-of-breed money movement strategies
Connect: LinkedIn

Key Insights

Core-Complimentary Revolution
Stop waiting for core providers. Build ecosystems using APIs to integrate specialized solutions, enabling rapid fintech capability deployment without system overhauls.

Payments as Profit Centers
Transform payments into revenue drivers. One bank generated 40% of income through payment services, creating sticky relationships and non-interest income streams.

Middleware Magic
Gain ultimate control with middleware solutions that prevent vendor lock-in while providing deeper money movement insights and switching flexibility.