Fintech Corner
By Fintech Corner
Fintech CornerMar 21, 2024
NAB’s Vision to Help Clients Improve Strategic Liquidity Management
Despite the variety of tech platforms available to finance professionals, many remain chained to spreadsheets for liquidity management. Manual processes and resource constraints leave treasurers yearning for better solutions, and turning to their bank partners for options. In this episode of Fintech Corner, JD chats with Jon Adams and Brett Healy of National Australia Bank (NAB). Together, they discuss how customer feedback compelled NAB to identify and deliver solutions that help treasurers bridge the gap between tactical and strategic liquidity management. Discover how they developed a corporate treasury agenda focused on addressing the client's need to access advanced liquidity management tools and improve long-term forecasting.
Connect with our speakers:
- Joseph “JD” Drambarean, CTO, Trovata
- Brett Healy, Head Of Liquidity Management Advisory, NAB
- Jon Adams, Executive, Transaction Banking Product, NAB
About Joseph “JD” Drambarean
JD is Trovata’s Chief Product Officer. Previously, he served as a Director of Strategy with the mobile app design firm, Punchkick Interactive. There, he was responsible for developing roadmaps and executing global product launches for brands like Marriott International, Allstate Insurance, and Harley-Davidson. He later served as a Senior Manager in Capital One’s Digital Product Management team. Joseph is a Chicago native, and graduated with a BA in Political Science & Economics from Loyola University of Chicago.
Connect with JD on Linkedin: https://www.linkedin.com/in/jdrambarean
About Brett Healy
Brett leads NAB’s new Liquidity Management and Treasury Advisory team that works with clients on the design and execution of liquidity optimisation structures and treasury strategies. He has over 15 years of experience in Product Management, Product Development, and Sales covering Trade and Working Capital Management, Liquidity management, and transaction banking.
Before joining NAB, Brett worked at HSBC supporting the liquidity optimisation and treasury transformation agenda for both global multinationals and Australian Corporations.
Connect with Brett on LinkedIn: https://www.linkedin.com/in/brett-healy-18316430/
About Jon Adams
Jonathan has over 20 years of experience in Financial Services, 15 of those being in the ever-evolving and dynamic space of Transaction Banking. Jonathan is a member of the New Payments Platform Australia Operating Committee and was previously on the Board of Directors for BPAY, Australia’s dominant bill payments service.
In his role, Jonathan is responsible for domestic and international payments, deposits, and Liquidity Management and drives the delivery of payments customer experience, and innovation.
Connect with Jon on LinkedIn: https://www.linkedin.com/in/adamsj7/
This episode is brought to you by Trovata.io.
Trovata.io empowers everyone to analyze, report, forecast, move – manage cash like a pro – no matter who your business banks with. Save time, ensure data accuracy, and drive smarter decisions with access to your data across multiple banks and accounts. Learn more about Trovata at https://bit.ly/3JXHbcC.
Challenging AI Assumptions in Forecasting: Navigating Human Insight and the ML Conundrum
Forecasting in finance has always stirred debate, with a plethora of perspectives on its methodologies and criteria for accuracy. The emergence of AI and machine learning has only added more complexity to an already complex subject. Can these technologies be relied upon to produce dependable and insightful forecasts? And if so, how can finance professionals optimize their utilization to maximize value?
In this episode of Fintech Corner JD chats with Yannis Katsaros, Software Engineer at Trovata. Together, they delve into the complexities of uncertainty in forecasting and outline key steps to establish a reliable, balanced approach to leveraging machine learning.
In this episode you’ll learn:
- Insights from Yannis’s experiences in data forecasting models across various industries including Finance, Energy, Oil & Gas, and Retail
- The importance of understanding uncertainty at each stage of the forecasting pipeline
- Practical insights for evaluating forecasting models and how this may differ based on the number of data points an organization has access to
- How to effectively compare predicted outcomes with observed data for accuracy and reliability in decision-making
- The critical role of human expertise in validating algorithms for forecasting
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Trovata.io empowers everyone to analyze, report, forecast, move – manage cash like a pro – no matter who your business banks with. Save time, ensure data accuracy, and drive smarter decisions with access to your data across multiple banks and accounts. Learn more about Trovata at https://bit.ly/3JXHbcC.
Speakers:
About Joseph “JD” Drambarean
JD is Trovata’s Chief Product Officer. Previously, he served as a Director of Strategy with the mobile app design firm, Punchkick Interactive. There, he was responsible for developing roadmaps and executing global product launches for brands like Marriott International, Allstate Insurance, and Harley-Davidson. He later served as a Senior Manager in Capital One’s Digital Product Management team. Joseph is a Chicago native, and graduated with a BA in Political Science & Economics from Loyola University of Chicago.
Connect with JD on Linkedin: https://www.linkedin.com/in/jdrambarean
About Yannis Katsaros
Yannis is a Software Engineer at Trovata, primarily working on data and platform engineering. Before working at Trovata, he worked in software engineering, data engineering, and data science roles for companies across various industries including Finance, Energy, Oil & Gas, and Retail. At Trovata he is part of the team responsible for the data platform and API’s that power Trovata’s application, and is focused on leading efforts to continue improving the scalability, reliability, and speed of the platform. Yannis has a Bachelors of Science in Petroleum Engineering from the University of Tulsa, and. Masters of Science in Data Science from Johns Hopkins University.
Connect with Yannis on Linkedin: https://www.linkedin.com/in/yanniskatsaros/
Obtaining Deeper FX Insights with Customizable Risk Management Solutions
When it comes to FX risk management, what organization doesn’t wish for a solution they can quickly implement, set, and forget? But, let’s face it, FX management just isn’t that simple. The reality is flexible, customizable solutions are essential for effectively navigating the complexities of FX risk but the right fit can be hard to find. In this episode, JD and Scott Bilter, CFO at Atlas Risk Advisory Inc., discuss Trovata’s new partnership with AtlasFX and how it aims to transform liquidity management by providing businesses with a powerful solution tailored to the unique needs of their business - enabling more strategic decision-making that fosters growth.
Listen to this episode to:
- Learn how the Trovata and AtlasFX partnership provides businesses with a customized, flexible platform
- Discover how experience as a practitioner at Hewlett Packard helped Scott and his team build a solution that solves pain points with FX rates
- Hear Scott’s take on the potential of AI replacing human functions in FX hedging
This episode is brought to you by Trovata.io. Trovata.io empowers everyone to analyze, report, forecast, move – manage cash like a pro – no matter who your business banks with. Save time, ensure data accuracy, and drive smarter decisions with access to your data across multiple banks and accounts. Learn more about Trovata at https://bit.ly/3JXHbcC.
About Joseph “JD” Drambarean:
JD is Trovata’s Chief Product Officer. Previously, he served as a Director of Strategy with the mobile app design firm, Punchkick Interactive. There, he was responsible for developing roadmaps and executing global product launches for brands like Marriott International, Allstate Insurance, and Harley-Davidson. He later served as a Senior Manager in Capital One’s Digital Product Management team. Joseph is a Chicago native, and graduated with a BA in Political Science & Economics from Loyola University of Chicago.
Connect with JD on LinkedIn: https://www.linkedin.com/in/jdrambarean
About Scott Bilter:
Scott Bilter is a co-founder of Atlas Risk Advisory Inc. and CFO since 2011. Prior to co-founding Atlas (known for its signature SaaS solution, “AtlasFX”), Scott held several executive positions at Hewlett Packard including VP of Corporate Finance and Foreign Exchange, and VP of Worldwide FP&A, overseeing a staff of 300. From 2002-2005, he was Vice President of FX Sales at Merrill Lynch. Scott Bilter has over 25 years of expertise in the capital markets sector. Mr. Bilter received his Bachelor of Arts in Quantitative Economics from Stanford University and an MBA in Finance from UCLA’s Anderson School.
Connect with Scott on LinkedIn: https://www.linkedin.com/in/scott-bilter-63125a1
Crafting a Treasury Tech Ecosystem at Block
APIs have profoundly impacted finance functions, empowering organizations to craft in-house solutions for business-critical systems. This dynamic has brought finance professionals to a fascinating intersection where traditional acumen meets innovative problem-solving. Join JD in an engaging interview with Mark Brogna, Treasury Recon & Analytics Lead at Block, as he unveils the evolution of his distinctive role—fusing a product mindset with finance expertise. Learn how APIs play a central role in enabling treasurers to leverage technology and redefine their skill sets for the challenges of tomorrow.
Listen to this episode to learn:
- How Mark’s career evolved from traditional accounting responsibilities to product-focused problem-solving
- Key steps to scale and develop your career within a business while growing it - and how technology can help to make the journey easier
- How APIs help overcome the challenges of data aggregation, data synchronization, and data quality in treasury operations
- When businesses should consider building in-house engineering teams to support internal operations versus outsourcing technical resources
- The potential impact of AI on bridging the gap between speed and resilience for real-time payments
This episode is brought to you by Trovata.io. Trovata.io empowers everyone to analyze, report, forecast, move – manage cash like a pro – no matter who your business banks with. Save time, ensure data accuracy, and drive smarter decisions with access to your data across multiple banks and accounts. Learn more about Trovata at https://bit.ly/3JXHbcC.
About Joseph “JD” Drambarean
JD is Trovata’s Chief Product Officer. Previously, he served as a Director of Strategy with the mobile app design firm, Punchkick Interactive. He was responsible for developing roadmaps and executing global product launches for brands like Marriott International, Allstate Insurance, and Harley-Davidson. He later served as a Senior Manager in Capital One’s Digital Product Management team. Joseph is a Chicago native and graduated with a BA in Political Science & Economics from Loyola University of Chicago.
Connect with JD on LinkedIn: https://www.linkedin.com/in/jdrambarean
About Mark Brogna:
Mark leads the Treasury Recon & Analytics Team at Block where he oversees Block's bank data and reconciliation function as well as the Treasury system's function. Mark has been at Block for 11 years serving in various roles across the Treasury function, typically focusing on the movement of product and customer funds across Block's network of bank accounts.
Connect with Mark on LinkedIn: https://www.linkedin.com/in/mark-brogna-78613540/
Unlocking Growth: Mastercard’s Role in Empowering the Mighty Middle Market
Mid-market companies ($10M - $1B annual revenue), represent 33% of private sector GDP. Despite their crucial role in economic health, these companies commonly go underserved because wholesale banking gravitates to supporting larger enterprises. On the other hand, mid-market companies are too big to fall into the SMB category, which is serviced out of retail banking. Consequently, mid-market companies lack capital and access to the right tools to digitize and automate - impeding their efficiency and growth potential. In this episode of Fintech Corner, Brett chats with Marie Elizabeth Aloisi, EVP of US Commercial Products and Acceptance at Mastercard. They explore Mastercard’s role in providing essential tools and capital to empower the middle market; creating growth and resilience in an increasingly digital landscape.
Highlights:
- Why middle-market companies tend to be under-resourced and underserved in the tech landscape.
- The importance of digitization in attracting and retaining Millennial and Gen Z talent.
- How Mastercard focuses on API-driven solutions for mid-market companies aiding in efficient, real-time banking access.
- How Mastercard uses AI to protect data and prevent fraud, creating a safe ecosystem for clients.
This episode is brought to you by Trovata.io. Trovata.io empowers everyone to analyze, report, forecast, move – manage cash like a pro – no matter who your business banks with. Save time, ensure data accuracy, and drive smarter decisions with access to your data across multiple banks and accounts. Learn more about Trovata at https://bit.ly/3JXHbcC.
About Brett Turner:
After starting his career as a CPA with the Deloitte audit practice, Brett gained progressive experience in corporate finance and accounting managing SEC reporting for Amazon and then becoming VP of Finance for Worldwide Packets (sold for $300M+ in 2008). Across his last three roles as a startup Co-Founder / CFO, Brett has raised over $100M in equity and venture debt financing while helping create over $500M in shareholder value. Today, he is the founder and CEO of the cash management platform, Trovata. Brett is a Seattle native, with a BA in Finance from Seattle Pacific University.
Connect with Brett on Linkedin: https://www.linkedin.com/in/brett-turner/
About Marie Elizabeth Aloisi:
Marie is responsible for growing Mastercard’s commercial business, focused on modernizing B2B payments. She leads commercial acceptance, business development, product development, product management, and partnerships in pursuit of capturing more than ~$20T+ worth of B2B payments made every year in the US.
Additionally, Marie leads Mastercard Healthcare Solutions; a business dedicated to helping healthcare partners by bringing the scale and advanced technology of Mastercard to solve significant pain points across the healthcare eco-system. She also leads the team responsible for the Fuel/Auto industry’s most strategic partners readying the payment technology for the energy transition of fuel to electric vehicles. Marie has also taken on a new business focused on addressing the data and insight needs of the Consumer-Packaged Goods (CPG) industry.
Connect with Marie on LinkedIn: https://www.linkedin.com/in/marie-elizabeth-aloisi-5161507/
Decoding Uncertainty: How Morgan Money Helps Clients Fuel Growth Despite Volatility
Every executive dreams of having a finance-themed crystal ball to tackle the burning question: Are we headed back to the era of zero interest rates? Sadly, no mystical orbs are up for grabs. But, in this episode Brett chats with Morgan Money’s Paul Przybylski and Joe Vittoria, as they offer valuable insights about the potential fluctuations of interest rates in the short-term future, and how finance teams can strategically respond - regardless of the direction interest rates take.
Highlights:
- Why current interest rates make money market funds a high yield investment
- The importance of technology in empowering lean treasury teams to add value and provide strategic insight
- Where interest rates may land over the next 12-16 months and how to capitalize no matter which direction they go in
- How APIs are providing more flexibility and speed to payments, and what’s still needed to further address client friction
- How Morgan Money is leveraging AI to support trading and streamline the customer experience
This episode is brought to you by Trovata.io. Trovata.io empowers everyone to analyze, report, forecast, move – manage cash like a pro – no matter who your business banks with. Save time, ensure data accuracy, and drive smarter decisions with access to your data across multiple banks and accounts.
Learn more about Trovata at https://bit.ly/3JXHbcC.
About Brett Turner:
After starting his career as a CPA with the Deloitte audit practice, Brett gained progressive experience in corporate finance and accounting managing SEC reporting for Amazon and then becoming VP of Finance for Worldwide Packets (sold for $300M+ in 2008). Across his last three roles as a startup Co-Founder / CFO, Brett has raised over $100M in equity and venture debt financing while helping create over $500M in shareholder value. Today, he is the founder and CEO of the cash management platform, Trovata. Brett is a Seattle native, with a BA in Finance from Seattle Pacific University.
Connect with Brett on Linkedin: https://www.linkedin.com/in/brett-turner/
About Paul Przybylski:
Paul Przybylski, Managing Director, is Global Head of Product Strategy and Morgan Money. In this role, he is responsible for the definition and creation of money market funds, ultra-short fixed income funds, ETFs across multiple currencies, and business strategic initiatives. He is also the head of J.P. Morgan Asset Management's trading and analytics platform, Morgan Money. Paul is a member of the Global Cash Investment Policy Committee, Managed Reserve Investment Policy Committee, Global Liquidity Operating Committee, and the Client Service Americas Management Team. He is also a member of the ICI Institutional MMF Committee. Previously, he was CFO with the Global Fixed Income and Liquidity business with additional COO responsibilities for Global Liquidity. Przybylski joined J.P. Morgan in 2009 with seven years of industry experience.
Connect with Paul on LinkedIn: https://www.linkedin.com/in/paul-przybylski-89674bb3/
About Joseph Vittoria:
Joseph Vittoria is the Investment Platform Specialist, Executive Director, with Morgan Money. In this role, he manages client communication, innovation, and strategic direction for Morgan Money across global regions with a focus on the US and EMEA. He is a CFA Charter holder and is Series 7 and 63 FINRA licensed.
Connect with Joseph on LinkedIn: https://www.linkedin.com/in/josephvittoria/
PNC's Client-Centric Tech Journey: APIs, Data Insights & More
Amid changing economic conditions, banks have been faced with unprecedented demand from clients for transformative treasury solutions. In this episode of Fintech Corner, PNC's Tom Lang and Howard Forman join Brett to discuss how clients are embracing innovation and how PNC is leveraging emerging tech, such as APIs, to deliver flexible, efficient solutions tailored to client needs.
Episode Highlights
- How PNC drives innovation by prioritizing client needs, ensuring the creation of solutions that directly address and cater to the evolving roles of corporate treasury & finance.
- How APIs ensure real-time data exchange and customized experiences.
- The importance of customized data access to provide enhanced, tailored solutions beyond traditional reporting.
- PNC accelerates market solutions through integrations and early AI exploration, emphasizing client needs.
This episode is brought to you by Trovata.io. Trovata.io empowers everyone to analyze, report, forecast, move – manage cash like a pro – no matter who your business banks with. Save time, ensure data accuracy, and drive smarter decisions with access to your data across multiple banks and accounts. Learn more about Trovata at https://bit.ly/3JXHbcC.
About Brett Turner:
After starting his career as a CPA with the Deloitte audit practice, Brett gained progressive experience in corporate finance and accounting managing SEC reporting for Amazon and then becoming VP of Finance for Worldwide Packets (sold for $300M+ in 2008). Across his last three roles as a startup Co-Founder / CFO, Brett has raised over $100M in equity and venture debt financing while helping create over $500M in shareholder value. Today, he is the founder and CEO of the cash management platform, Trovata. Brett is a Seattle native, with a BA in Finance from Seattle Pacific University.
Connect with Brett on Linkedin: https://www.linkedin.com/in/brett-turner/
About Tom Lang:
Tom Lang is the Head of Treasury Management Product and Operations for PNC. With a focus on the client, Lang is responsible for driving product development and execution across PNC’s Treasury Management platform. Prior to this role, Lang held multiple roles within Treasury Management including Chief Operating Officer and Head of Product Innovation. In both of these roles, Lang was focused on strategic growth initiatives across Treasury Management’s payables, receivables, liquidity, and healthcare products. Lang is active with TM’s M&A and FinTech investing and served as PNC’s board member on the Transactis investment.
Connect with Thomas Lang on LinkedIn: https://www.linkedin.com/in/tlang/
About Howard Forman:
Howard Forman supports PNC’s treasury management team as the Head of Commercial Digital Channels at PNC. His responsibilities include product management, product development, and user security/authentication functions for PINACLE®, PNC’s commercial online and mobile banking platform, as well as similar responsibilities for PNC’s API and embedded finance programs. He is a frequent speaker on a variety of topics relating to treasury management, payments, and cyber security. He has held leadership positions with national industry associations, including NACHA and the AFP.
Connect with Howard Forman: https://www.linkedin.com/in/howard-forman-0103904/
Breaking the Excel Chains: The Magic of API-Based Treasury Tech
If you’ve ever stared down an Excel sheet filled with thousands of transactions and felt overwhelmed, you’re not alone. Spreadsheets have long been the center of the finance team’s world, a struggle many treasury professionals are all too familiar with. In this episode, JD chats with McKenzie Knudson, Senior Treasury Analyst at Sealaska, about her team’s transition from spreadsheets to the almost magical experience of API-based treasury tech, and how it helped to centralize data, streamline reporting, and foster collaboration.
- What are the limitations of spreadsheets for treasury functions?
- The ease of transitioning to and implementing APIs.
- How tagging streamlines queries and makes reporting more efficient.
- The potential of AI to further evolve treasury operations.
This episode is brought to you by Trovata.io. Trovata.io empowers everyone to analyze, report, forecast, move – manage cash like a pro – no matter who your business banks with. Save time, ensure data accuracy, and drive smarter decisions with access to your data across multiple banks and accounts. Learn more about Trovata at https://bit.ly/3JXHbcC.
About Joseph “JD” Drambarean:
JD is Trovata’s Chief Product Officer. Previously, he served as a Director of Strategy with the mobile app design firm, Punchkick Interactive. There, he was responsible for developing roadmaps and executing global product launches for brands like Marriott International, Allstate Insurance, and Harley-Davidson. He later served as a Senior Manager in Capital One’s Digital Product Management team. Joseph is a Chicago native and graduated with a BA in Political Science & Economics from Loyola University of Chicago.
Connect with JD on Linkedin: https://www.linkedin.com/in/jdrambarean
About McKenzie Knudson:
McKenzie, a Senior Treasury Analyst at Sealaska Corporation, holds a CPA and CTP designation, backed by a Bachelor of Science degree from the University of Wisconsin – La Crosse with majors in Accountancy and Finance, along with a minor in Economics. With a strong foundation in accounting, McKenzie brings a valuable accounting perspective to her role in treasury. In her current position at Sealaska, McKenzie actively collaborates with finance teams across the organization, seeking to understand their existing cash resource management practices. Her central objective is to establish a unified treasury framework.
Connect with McKenzie: https://www.linkedin.com/in/mckenzie-knudson-cpa-ctp-41638820/
The Treasury Tech Revolution: J.P. Morgan's Role & Insights
Treasurers have access to fantastic applications and tech experiences in their personal life, powered by companies like Google and Amazon. Yet, at work, treasurers find themselves using outdated TMS platforms that are 20-30 years old. So how can you bridge the gap? In this episode, Brett engages in a captivating conversation with Lisa Davis and Ray Nazloomian from J.P. Morgan, delving into how emerging tech, like APIs and generative AI, is revolutionizing TMS capabilities and ushering in a new era of flexibility, agility, and strategic insight for finance teams.
Highlights:
- The pros and cons of TMS platforms.
- How APIs are modernizing treasury tech and driving innovation.
- How the J.P. Morgan Treasury Workstation, powered by Trovata, will streamline analytics and reporting for businesses in a multi-bank setting.
- The future of AI and API adoption, and how it will continue to evolve to meet client needs.
- The potential impact of AI on automating processes, enhancing user experiences, and detecting fraud.
This episode is brought to you by Trovata.io. Trovata.io empowers everyone to analyze, report, forecast, move – manage cash like a pro – no matter who your business banks with. Save time, ensure data accuracy, and drive smarter decisions with access to your data across multiple banks and accounts.Learn more about Trovata at https://bit.ly/3JXHbcC.
About Brett Turner:
After starting his career as a CPA with the Deloitte audit practice, Brett gained progressive experience in corporate finance and accounting managing SEC reporting for Amazon and then becoming VP of Finance for Worldwide Packets (sold for $300M+ in 2008). Across his last three roles as a startup Co-Founder / CFO, Brett has raised over $100M in equity and venture debt financing while helping create over $500M in shareholder value. Today, he is the founder and CEO of the cash management platform, Trovata. Brett is a Seattle native, with a BA in Finance from Seattle Pacific University.
Connect with Brett on Linkedin: https://www.linkedin.com/in/brett-turner/
About Lisa Davis:
Lisa Davis is the Global Head of Digital Channels & Connectivity for J.P. Morgan Payments responsible for enhancing the digital experience and delivering market-leading solutions. She leads the global team that owns the digital suite of solutions offered to Commercial Bank and Corporate & Investment Bank clients in online and mobile banking, clients’ I.T. systems, application program interface (API) and SWIFT.
Connect with Lisa on Linkedin: https://www.linkedin.com/in/lisa-davis-53a83a7/
About Raymond Nazloomian:
Ray Nazloomian is Executive Director of Corporate Development & Partnerships at J.P. Morgan Payments where he leads the bank’s charge to reimagine, recreate, and disrupt payments and treasury services. He is also responsible for fintech partnerships, strategic fintech venture investing, and oversees the J.P. Morgan Payments Partner Network.
Connect with Ray on Linkedin: https://www.linkedin.com/in/raymond-nazloomian-aa139116/
Treasury Tech in the Fast Lane: Real-Time Data, APIs, and the Future of Finance
If you had to pick between a VCR or a streaming platform, you'd likely pick the streaming platform (who doesn’t enjoy a good binge-watching session?). We often opt for new tech to be more efficient. When evaluating treasury systems, like a TMS, the goal should be to choose a modern platform that levels up your efficiency. In this episode, JD and Brett interview John Bolden, the Treasury Director at City Storage Systems, to discuss how APIs are revolutionizing treasury operations and how this cutting-edge technology is creating a wave of new possibilities in finance.
Highlights:
- John's experience with API implementations.
- The evolving finance landscape and its impact on agility through custom solutions.
- John's perspective on the transformation of the treasury role in recent years.
- The future role of treasury in the realm of real-time payments.
- The potential value of generative AI and the necessary steps for validating its use in Treasury.
This episode is brought to you by Trovata.io. Trovata.io empowers everyone to analyze, report, forecast, move – manage cash like a pro – no matter who your business banks with. Save time, ensure data accuracy, and drive smarter decisions with access to your data across multiple banks and accounts. Learn more about Trovata at https://bit.ly/3JXHbcC.
Connect with our hosts:
About Joseph “JD” Drambarean:
JD is Trovata’s Chief Product Officer. Previously, he served as a Director of Strategy with the mobile app design firm, Punchkick Interactive. There, he was responsible for developing roadmaps and executing global product launches for brands like Marriott International, Allstate Insurance, and Harley-Davidson. He later served as a Senior Manager in Capital One’s Digital Product Management team. Joseph is a Chicago native, and graduated with a BA in Political Science & Economics from Loyola University of Chicago.
Connect with JD on LinkedIn: https://www.linkedin.com/in/jdrambarean
About John Bolden:
John Bolden is a finance professional with 20 years in all sectors of finance at both public and private companies. He has supported multiple IPO transactions and led multiple finance transformation projects. He is an avid supporter of technological advancements to improve the speed and accuracy of strategic financial decisions.
Connect with John on LinkedIn: https://www.linkedin.com/in/john-e-bolden/
How Technology Transformed Finance in a Turbulent Year
Needless to say, it’s been a crazy year. We’ve seen the SVB collapse, a run on the banks, and interest rates that make even the most risk-tolerant organizations anxious. In this episode, Jeff Macke, founder and President of Macke Asset Management, interviews Brett and JD about the impact of these recent events and how cutting-edge technology can empower finance teams to respond.
Episode Highlights:
- Why recent events have made innovation a must to stay competitive.
- Is AI just a new toy or a game-changer for finance pros?
- How will AI transform day-to-day treasury operations?
- AI comes with risk - What are the guardrails for bias and error mitigation?
- What is multimodal AI and what is its impact on finance?
This episode is brought to you by Trovata.io. Trovata.io empowers everyone to analyze, report, forecast, move – manage cash like a pro – no matter who your business banks with. Save time, ensure data accuracy, and drive smarter decisions with access to your data across multiple banks and accounts. Learn more about Trovata at https://bit.ly/3JXHbcC.
Connect with our hosts:
About Joseph “JD” Drambarean:
JD is Trovata’s Chief Product Officer. Previously, he served as a Director of Strategy with the mobile app design firm, Punchkick Interactive. There, he was responsible for developing roadmaps and executing global product launches for brands like Marriott International, Allstate Insurance, and Harley-Davidson. He later served as a Senior Manager in Capital One’s Digital Product Management team. Joseph is a Chicago native, and graduated with a BA in Political Science & Economics from Loyola University of Chicago.
Connect with JD on LinkedIn: https://www.linkedin.com/in/jdrambarean
About Brett Turner:
After starting his career as a CPA with the Deloitte audit practice, Brett gained progressive experience in corporate finance and accounting managing SEC reporting for Amazon and then becoming VP of Finance for Worldwide Packets (sold for $300M+ in 2008). Across his last three roles as a startup Co-Founder / CFO, Brett has raised over $100M in equity and venture debt financing while helping create over $500M in shareholder value. Today, he is the founder and CEO of the cash management platform, Trovata. Brett is a Seattle native, with a BA in Finance from Seattle Pacific University.
Connect with Brett on LinkedIn: https://www.linkedin.com/in/brett-turner/
About Jeff Macke:
Jeff Macke is the founder and President of Macke Asset Management where he directs investments in public and private companies. He was a foundering cast member of CNBC’s Fast Money and has appeared on NBC, Fox, Bloomberg, ABC, Yahoo Finance and dozens of podcasts. Macke co-authored “Clash of the Financial Pundits” with Josh Brown and has written for dozens of financial news organizations since the 1990’s.
Connect with Jeff on LinkedIn: https://www.linkedin.com/in/jeff-macke-54229/
S2 E1 - AI Fuels Finance’s (Much Needed) Tony Stark Moment
Fintech Corner is back for Season 2 with new, guest host Jeff Macke!
What made Tony Stark, aka Iron Man, such an alluring superhero? When the world was under threat, it didn’t take him ages to assess risk, plan for multiple scenarios, scheme action plans, and ultimately, pick the one with the highest probability of success. Why? He was aided by his AI, J.A.R.V.I.S. (Just A Rather Very Intelligent System), which gave him leverage. Now, your finance team can also proactively manage risk, plan scenarios without added effort, and overcome those pesky human constraints such as limited mental power, time, and knowledge.
Listen to this episode of Fintech Corner to hear all about:
- What’s so special about this new wave of AI and how it’s hitting finance teams.
- Is AI just a buzzword to attract VC funding? Why Trovata is investing so heavily in it
- Adopting AI means changing the way we work—why you can be excited, not scared
- How Trovata found a way to derisk the use of ChatGPT in a corporate finance setting that teams are using to run scenarios, forecast cash, produce cash reports, etc.
Interested in learning more? Get your FREE DOWNLOAD: The 2023 Finance Professional’s Guide to AI, ML, and ChatGPT
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This episode is brought to you by Trovata.io.
Trovata.io empowers everyone to analyze, report, forecast, move – manage cash like a pro – no matter who your business banks with. Save time, ensure data accuracy, and drive smarter decisions with access to your data across multiple banks and accounts. Learn more about Trovata at https://bit.ly/3JXHbcC.
About Joseph “JD” Drambarean
JD is Trovata’s Chief Product Officer. Previously, he served as a Director of Strategy with the mobile app design firm, Punchkick Interactive. There, he was responsible for developing roadmaps and executing global product launches for brands like Marriott International, Allstate Insurance, and Harley-Davidson. He later served as a Senior Manager in Capital One’s Digital Product Management team. Joseph is a Chicago native, and graduated with a BA in Political Science & Economics from Loyola University of Chicago.
Connect with JD on Linkedin: https://www.linkedin.com/in/jdrambarean
About Brett Turner:
After starting his career as a CPA with the Deloitte audit practice, Brett gained progressive experience in corporate finance and accounting managing SEC reporting for Amazon and then becoming VP of Finance for Worldwide Packets (sold for $300M+ in 2008). Across his last three roles as a startup Co-Founder / CFO, Brett has raised over $100M in equity and venture debt financing while helping create over $500M in shareholder value. Today, he is the founder and CEO of the cash management platform, Trovata. Brett is a Seattle native, with a BA in Finance from Seattle Pacific University.
Connect with Brett on Linkedin: https://www.linkedin.com/in/brett-turner/
About Jeff Macke:
Jeff Macke is the founder and President of Macke Asset Management where he directs investments in public and private companies. He was a foundering cast member of CNBC's Fast Money and has appeared on NBC, Fox, Bloomberg, ABC, Yahoo Finance and dozens of podcasts.
Macke co-authored “Clash of the Financial Pundits” with Josh Brown and has written for dozens of financial news organizations since the 1990’s.
Connect with Jeff on Twitter: https://twitter.com/jeffmacke
E11 - Starting the First Online Bank, S1, with John Philpott
Back in ‘95, the first internet bank opened its virtual doors. Little did its founders know they would be laying the foundations for all modern banking and fintech as we know it. In this Fintech Corner episode, JD and Brett interview John Philpott, the third employee of the bank turned software company, S1. He shares his story as an internet banking pioneer and how the innovations back then mirror the innovations we see in fintech today.
Highlights:
- How S1 moved the banking industry online and built trust
- Two major hurdles S1 overcame to get its first customers
- What it was like to tackle the first online payment service
- Major fintech innovations that John believes banks should keep an eye on today
Coupon Code: Try Trovata’s automated forecasting 10% off every month for one year using coupon code: FC10
This episode is brought to you by Trovata.io.
Trovata.io empowers everyone to analyze, report, forecast, move – manage cash like a pro – no matter who your business banks with. Save time, ensure data accuracy, and drive smarter decisions with access to your data across multiple banks and accounts - it’s free to get started. Learn more about Trovata at https://bit.ly/3JXHbcC.
About Joseph “JD” Drambarean:
JD is Trovata’s Chief Product Officer. Previously, he served as a Director of Strategy with the mobile app design firm, Punchkick Interactive. There, he was responsible for developing roadmaps and executing global product launches for brands like Marriott International, Allstate Insurance, and Harley-Davidson. He later served as a Senior Manager in Capital One’s Digital Product Management team. Joseph is a Chicago native, and graduated with a BA in Political Science & Economics from Loyola University of Chicago.
Connect with JD on LinkedIn: https://www.linkedin.com/in/jdrambarean
About Brett Turner:
After starting his career as a CPA with the Deloitte audit practice, Brett gained progressive experience in corporate finance and accounting managing SEC reporting for Amazon and then becoming VP of Finance for Worldwide Packets (sold for $300M+ in 2008). Across his last three roles as a startup Co-Founder / CFO, Brett has raised over $100M in equity and venture debt financing while helping create over $500M in shareholder value. Today, he is the founder and CEO of the cash management platform, Trovata. Brett is a Seattle native, with a BA in Finance from Seattle Pacific University.
Connect with Brett on LinkedIn: https://www.linkedin.com/in/brett-turner/
About John Philpott:
John Philpott began his career as one of the founding team members of S1 Corporation (NASDAQ: SONE). S1 originated as the creator of the World's First Internet Bank, SFNB, and grew to over $200mm in annual revenue. While at S1, John served in a variety of roles including SVP and GM of S1's International Business unit. Following S1, John helped found a multi-family family office and asset management firm. Most recently, John served as the Chief Executive Officer of Interactive Advisory Software, a practice management and technology firm for the wealth management industry, representing over $70b in reportable assets. John holds a degree from Davidson College and lives with his family in Nashville, TN.
Connect with John on LinkedIn: https://www.linkedin.com/in/philpottjohn/
E10 - We Built a ChatGPT for Finance & Treasury
At Trovata, we asked ourselves, "What if, instead of the end user having to be an expert in how to use Trovata and all of our tools like reporting, forecasting, and tagging, ChatGPT could do it instead? What if it became the expert in our platform?" And so, Trovata AI was born.
Listen to this episode to hear about the Trovata AI assistant for treasury and finance teams, which is currently in beta for our customers. Brett and JD deep dive on how our tool helps you to avoid garbage-in, garbage out and leverage this powerful technology. With generative AI, finance professionals can become the smartest people in the room and answer the toughest cash flow questions on the fly.
Episode Highlights:
- The major problem that’s been plaguing treasury and how AI can bridge the gap
- What would an AI assistant look like for finance teams and how can it help?
- How Trovata ensures its generative AI will give you accurate information that you can actually use
Watch the product walkthrough on YouTube: https://youtu.be/1vDnZKFRN6Q?t=2178
Learn more about the launch here: https://bit.ly/44lkc4N
Coupon Code: Try Trovata’s automated forecasting 10% off every month for one year using coupon code: FC10
This episode is brought to you by Trovata.io.
Trovata.io empowers everyone to analyze, report, forecast, move – manage cash like a pro – no matter who your business banks with. Save time, ensure data accuracy, and drive smarter decisions with access to your data across multiple banks and accounts - it’s free to get started. Learn more about Trovata at https://bit.ly/3JXHbcC.
Connect with our hosts:
About Joseph “JD” Drambarean
JD is Trovata’s Chief Product Officer. Previously, he served as a Director of Strategy with the mobile app design firm, Punchkick Interactive. There, he was responsible for developing roadmaps and executing global product launches for brands like Marriott International, Allstate Insurance, and Harley-Davidson. He later served as a Senior Manager in Capital One’s Digital Product Management team. Joseph is a Chicago native, and graduated with a BA in Political Science & Economics from Loyola University of Chicago.
Connect with JD on Linkedin: https://www.linkedin.com/in/jdrambarean
About Brett Turner:
After starting his career as a CPA with the Deloitte audit practice, Brett gained progressive experience in corporate finance and accounting managing SEC reporting for Amazon and then becoming VP of Finance for Worldwide Packets (sold for $300M+ in 2008). Across his last three roles as a startup Co-Founder / CFO, Brett has raised over $100M in equity and venture debt financing while helping create over $500M in shareholder value. Today, he is the founder and CEO of the cash management platform, Trovata. Brett is a Seattle native, with a BA in Finance from Seattle Pacific University.
Connect with Brett on Linkedin: https://www.linkedin.com/in/brett-turner/
E9 - Debunking the Implementation Economy Around Enterprise Software
Today, the average consumer can get up and running with any software, from health to finance apps, all on our own. So why is it that, in the enterprise world, we need entire teams to get any piece of software operational? Is this still true? In this Fintech Corner episode, JD and Brett examine what’s going on in enterprise software development and how the changes break us free from the software implementation economy.
- Key skills finance teams of tomorrow are going to need
- Four important tips for finance professionals looking to stay current with technology
- PLG or bust - what are vendors hiding when they don’t allow you to trial their software?
- Why the changing tech eliminates the need for hefty enterprise software implementations and old-school consultants
See first-hand how we’ve streamlined the implementation process - sign up for a free Trovata account today: https://bit.ly/40Js4Kd
Coupon Code: Try Trovata’s automated forecasting 10% off every month for one year using coupon code: FC10
This episode is brought to you by Trovata.io.
Trovata.io empowers everyone to analyze, report, forecast, move – manage cash like a pro – no matter who your business banks with. Save time, ensure data accuracy, and drive smarter decisions with access to your data across multiple banks and accounts - it’s free to get started.
Connect with our hosts:
About Joseph “JD” Drambarean
JD is Trovata’s Chief Product Officer. Previously, he served as a Director of Strategy with the mobile app design firm, Punchkick Interactive. There, he was responsible for developing roadmaps and executing global product launches for brands like Marriott International, Allstate Insurance, and Harley-Davidson. He later served as a Senior Manager in Capital One’s Digital Product Management team. Joseph is a Chicago native, and graduated with a BA in Political Science & Economics from Loyola University of Chicago.
Connect with JD on Linkedin: https://www.linkedin.com/in/jdrambarean
About Brett Turner:
After starting his career as a CPA with the Deloitte audit practice, Brett gained progressive experience in corporate finance and accounting managing SEC reporting for Amazon and then becoming VP of Finance for Worldwide Packets (sold for $300M+ in 2008). Across his last three roles as a startup Co-Founder / CFO, Brett has raised over $100M in equity and venture debt financing while helping create over $500M in shareholder value. Today, he is the founder and CEO of the cash management platform, Trovata. Brett is a Seattle native, with a BA in Finance from Seattle Pacific University.
Connect with Brett on Linkedin: https://www.linkedin.com/in/brett-turner/
E8 - An Insider’s Perspective on Migrating to the Cloud, Then and Now
Jumping back into the topic of native cloud web services, hear from Vega Cloud CEO and Co-Founder, Kris Bliesner, about why they’re so pivotal in today's rapidly advancing tech landscape. Kris takes us through a masterclass on the topic, sharing stories from large organizations’ migrations and hard lessons learned along the way.
Don’t miss this episode to demystify what it means to migrate to the cloud, takeaways from Capital One’s implementation, and fun stories from Brett and Kris’ former startup days.
Relevant Links:
- Learn more about Kris’ company, Vega Cloud at https://www.vegacloud.io/
- Check out the book, Amp it Up by Frank Slootman here: bit.ly/3N0Z2me
- Listen to the previous episode where Brett and JD rant about cloud imposters here: bit.ly/40t45ih
Coupon Code: Try Trovata’s automated forecasting 10% off every month for one year using coupon code: FC10
This episode is brought to you by Trovata.io.
Trovata.io empowers everyone to analyze, report, forecast, move – manage cash like a pro – no matter who your business banks with. Save time, ensure data accuracy, and drive smarter decisions with access to your data across multiple banks and accounts - it’s free to get started. Learn more about Trovata at https://bit.ly/3JXHbcC.
Connect with our hosts:
About Joseph “JD” Drambarean
JD is Trovata’s Chief Product Officer. Previously, he served as a Director of Strategy with the mobile app design firm, Punchkick Interactive. There, he was responsible for developing roadmaps and executing global product launches for brands like Marriott International, Allstate Insurance, and Harley-Davidson. He later served as a Senior Manager in Capital One’s Digital Product Management team. Joseph is a Chicago native, and graduated with a BA in Political Science & Economics from Loyola University of Chicago.
Connect with JD on Linkedin: https://www.linkedin.com/in/jdrambarean
About Brett Turner:
After starting his career as a CPA with the Deloitte audit practice, Brett gained progressive experience in corporate finance and accounting managing SEC reporting for Amazon and then becoming VP of Finance for Worldwide Packets (sold for $300M+ in 2008). Across his last three roles as a startup Co-Founder / CFO, Brett has raised over $100M in equity and venture debt financing while helping create over $500M in shareholder value. Today, he is the founder and CEO of the cash management platform, Trovata. Brett is a Seattle native, with a BA in Finance from Seattle Pacific University.
Connect with Brett on Linkedin: https://www.linkedin.com/in/brett-turner/
About Kris Bliesner:
Kris Bliesner is a co-founder and CEO of Vega Cloud. Vega Cloud’s mission is to help businesses optimize their cloud infrastructure to help reduce waste and lower their cloud bills. Kris is a serial entrepreneur and a cloud pioneer who has helped many large organizations migrate to public cloud infrastructure. Kris has an extensive background in both startups and technology with a focus on IT operations, systems development and infrastructure management.
Connect with Kris on LinkedIn: https://www.linkedin.com/in/kris-bliesner/
E7 - The Finance Buyer's Guide to Cloud - Why Cloud-Native Matters & How to Spot Imposters
Remember the adage, “If you can't convince them, confuse them?” Many treasury tech providers do just that when they tout their “cloud-based” software. Most of us would never know the difference between legacy software moved to the cloud vs cloud-native software.
Well, why does it even matter? Because knowing the difference will save you a lot of pain in the future and quite a lot of cash!
In this Fintech Corner episode, Trovata CEO and founder, Brett Turner, and host and Trovata CPO, Joseph Drambarean, discuss the tough questions to ask when assessing a cloud-based tech provider.
Episode Highlights:
- Why legacy TMS providers can’t compete with cloud-native applications built after 2015
- Why should finance understand concepts like microservices, serverless, and cloud-native?
- Cost benefits of choosing a cloud-native cash management platform
- Signs that you’re dealing with a monolith app with little shelf life remaining
Coupon Code: FC10 – 10% off every month for the first year
Never be out of the loop on what’s going on in finance, tech, and business. Subscribe to our podcast today!
This episode is brought to you by Trovata.io. Trovata.io empowers everyone to analyze, report, forecast, move – manage cash like a pro – no matter who your business banks with. Save time, ensure data accuracy, and drive smarter decisions with access to your data across multiple banks and accounts - it’s free to get started. Learn more about Trovata at https://bit.ly/3JXHbcC.
Connect with our hosts:
About Joseph “JD” Drambarean
Joseph Drambarean is the Chief Product Officer as well as CTO at Trovata. Joseph is one of the founding members of the company and the first engineer. Before Trovata he worked with companies like Capital One where he was at the forefront of digital transformation, leading product management as head of the innovation labs and mobile banking teams. Joseph is driving innovation around rapid deployment and customer onboarding, bank-grade security, and machine learning at Trovata, creating a more consumerized user experience for customers from small businesses to enterprises.
Connect with JD on Linkedin: https://www.linkedin.com/in/jdrambarean
About Brett Turner:
After starting his career as a CPA with the Deloitte audit practice, Brett gained progressive experience in corporate finance and accounting managing SEC reporting for Amazon and then becoming VP of Finance for Worldwide Packets (sold for $300M+ in 2008). Across his last three roles as a startup Co-Founder / CFO, Brett has raised over $100M in equity and venture debt financing while helping create over $500M in shareholder value. Today, he is the founder and CEO of the cash management platform, Trovata. Brett is a Seattle native, with a BA in Finance from Seattle Pacific University.
Connect with Brett on Linkedin: https://www.linkedin.com/in/brett-turner/
E6 - Interest Rates, Investing, and Inflation - Predictions with Paul from Morgan Money
On the heels of the pandemic, inflation has spiraled upward to levels we haven’t experienced since the 70's. Is it here to stay? How is this impacting rates? Investing has become the hot topic in corporate finance—should your businesses be investing its excess cash, and how?
Listen to this episode of Fintech Corner where JD and Brett are joined by Paul Przybylski, Morgan Money Managing Director of JP Morgan Asset Management Liquidity Business where they discuss investing for corporates, interest rates, investment tech, and more!
Episode Highlights:
- What it’s like to incubate a successful startup inside the world’s largest bank, JP Morgan
- Can or should you use ChatGPT for investing?
- The unique opportunity companies should take advantage of with today’s interest rates
- How innovations in tech are being used across the whole investment spectrum
- Paul's advice to first timers for investing and investment policies
- Trovata and Morgan Money - a powerful duo that you can use together for FREE
Learn more about Trovata’s integration with Morgan Money here: https://bit.ly/3lOiGH3
Never be out of the loop on what’s going on in finance, tech, and business. Subscribe to our podcast today!
This episode is brought to you by Trovata.io.
Trovata.io empowers everyone to analyze, report, forecast, move – manage cash like a pro – no matter who your business banks with. Save time, ensure data accuracy, and drive smarter decisions with access to your data across multiple banks and accounts - it’s free to get started. Learn more about Trovata at https://bit.ly/3JXHbcC.
Connect with our hosts and guest:
About Joseph “JD” Drambarean
Joseph Drambarean is the Chief Product Officer as well as CTO at Trovata. Joseph is one of the founding members of the company and the first engineer. Before Trovata he worked with companies like Capital One where he was at the forefront of digital transformation, leading product management as head of the innovation labs and mobile banking teams. Joseph is driving innovation around rapid deployment and customer onboarding, bank-grade security, and machine learning at Trovata, creating a more consumerized user experience for customers from small businesses to enterprises. Connect with JD on Linkedin: https://www.linkedin.com/in/jdrambarean
About Brett Turner:
After starting his career as a CPA with the Deloitte audit practice, Brett gained progressive experience in corporate finance and accounting managing SEC reporting for Amazon and then becoming VP of Finance for Worldwide Packets (sold for $300M+ in 2008). Across his last three roles as a startup Co-Founder / CFO, Brett has raised over $100M in equity and venture debt financing while helping create over $500M in shareholder value. Today, he is the founder and CEO of the cash management platform, Trovata. Brett is a Seattle native, with a BA in Finance from Seattle Pacific University. Connect with Brett on Linkedin: https://www.linkedin.com/in/brett-turner/
About Paul Przybylski:
Paul Przybylski, Managing Director, is Global Head of Product Strategy and Morgan Money. In this role, he is responsible for the definition and creation of money market funds, ultra-short fixed income funds, ETFs across multiple currencies, and business strategic initiatives. He is also the head of J.P. Morgan Asset Management's trading and analytics platform, Morgan Money. Paul is a member of the Global Cash Investment Policy Committee, Managed Reserve Investment Policy Committee, Global Liquidity Operating Committee, and the Client Service Americas Management Team. He is also a member of the ICI Institutional MMF Committee. Previously, he was CFO with the Global Fixed Income and Liquidity business with additional COO responsibilities for Global Liquidity. Przybylski joined J.P. Morgan in 2009 with seven years of industry experience. Connect with Paul on LinkedIn: https://www.linkedin.com/in/paul-przybylski-89674bb3/
E5 - Our Startup's SVB Story & Why You Need Multibank Cash Management More Than Ever
“What’s my exposure?” “Can I access my cash?” “How can I protect my company’s liquidity moving forward?” Startups were all asking these questions as the SVB collapse played out and Trovata was no exception.
In this episode of Fintech Corner, JD and Brett share their reactions to the collapse, its implications for every business, and tools to power a proactive multibank cash management strategy.
Episode highlights:
Trovata’s SVB story, including JD and Brett’s honest reactions as it unfolded
The importance of a multibank cash management strategy and greater visibility therein
How open banking APIs will play an even more vital role in modern treasury management
Free cash management resources to future-proof your liquidity management
Additional Resources:
Monitor your bank’s connection status: https://bit.ly/3Zvp7fQ
SVB Collapse: Cash Management Resources for Startups: https://bit.ly/3M2FWM6
Managing Cash Post-Silicon Valley Bank Collapse: What Your Company Needs to Know: https://bit.ly/3lWBrYH
Connect your first bank for free TODAY!
This episode is brought to you by Trovata.io.
Trovata.io empowers everyone to analyze, report, forecast, move – manage cash like a pro – no matter who your business banks with. Save time, ensure data accuracy, and drive smarter decisions with access to your data across multiple banks and accounts - it’s free to get started. Learn more about Trovata at hthttps://bit.ly/3JXHbcC.
Connect with our hosts:
About Joseph “JD” Drambarean
Joseph Drambarean is the Chief Product Officer as well as CTO at Trovata. Joseph is one of the founding members of the company and the first engineer. Before Trovata he worked with companies like Capital One where he was at the forefront of digital transformation, leading product management as head of the innovation labs and mobile banking teams. Joseph is driving innovation around rapid deployment and customer onboarding, bank-grade security, and machine learning at Trovata, creating a more consumerized user experience for customers from small businesses to enterprises.
Connect with JD on Linkedin: https://www.linkedin.com/in/jdrambarean
About Brett Turner:
After starting his career as a CPA with the Deloitte audit practice, Brett gained progressive experience in corporate finance and accounting managing SEC reporting for Amazon and then becoming VP of Finance for Worldwide Packets (sold for $300M+ in 2008). Across his last three roles as a startup Co-Founder / CFO, Brett has raised over $100M in equity and venture debt financing while helping create over $500M in shareholder value. Today, he is the founder and CEO of the cash management platform, Trovata. Brett is a Seattle native, with a BA in Finance from Seattle Pacific University.
Connect with Brett on Linkedin: https://www.linkedin.com/in/brett-turner/
E4 - Dear Third Party Payment Vendor, It’s Not You, It’s Open Banking APIs
Finance pros, ever wondered why corporate banking doesn’t come with all the bells and whistles that you see on the consumer banking side? Venmo and PayPal pioneered peer-to-peer payments, pushing the banks to innovate and create their own products to match, such as Zelle. Unfortunately, the same couldn’t be said for corporates, until now.
Over the past 15 years, the gap between ERPs and banks has widened so much that an entire ecosystem developed around it, making third party payment vendors hugely successful. However, open banking APIs that let you send payments through the banks’ existing payment rails are going to change everything! In this episode of Fintech Corner, JD and Brett discuss how you can now send mass payments programmatically (read - automatically) without third party fees - the way it should be!
Episode highlights:
- Corporate and consumer banking live on different planets
- What happens when Justin Bieber buys your tshirt and how Facebook pays out creators
- The need for programmatic payments technology
- Demystifying the massive transformation happening in corporate payments
- What’s got third party payment vendors up at night
- Brett and JD’s HUGE announcement for all Fintech Corner listeners
Coupon Code: Use FC10 to try Trovata’’s advanced features for 10% of your first year.
Never be out of the loop on what’s going on in finance, tech, and business. Subscribe to our podcast today!
This episode is brought to you by Trovata.io.
Trovata.io empowers everyone to analyze, report, forecast, move – manage cash like a pro – no matter who your business banks with. Save time, ensure data accuracy, and drive smarter decisions with access to your data across multiple banks and accounts - it’s free to get started. Learn more about Trovata at https://bit.ly/3JXHbcC.
Connect with our hosts:
About Joseph “JD” Drambarean
Joseph Drambarean is the Chief Product Officer as well as CTO at Trovata. Joseph is one of the founding members of the company and the first engineer. Before Trovata he worked with companies like Capital One where he was at the forefront of digital transformation, leading product management as head of the innovation labs and mobile banking teams. Joseph is driving innovation around rapid deployment and customer onboarding, bank-grade security, and machine learning at Trovata, creating a more consumerized user experience for customers from small businesses to enterprises.
Connect with JD on Linkedin: https://www.linkedin.com/in/jdrambarean
About Brett Turner:
After starting his career as a CPA with the Deloitte audit practice, Brett gained progressive experience in corporate finance and accounting managing SEC reporting for Amazon and then becoming VP of Finance for Worldwide Packets (sold for $300M+ in 2008). Across his last three roles as a startup Co-Founder / CFO, Brett has raised over $100M in equity and venture debt financing while helping create over $500M in shareholder value. Today, he is the founder and CEO of the cash management platform, Trovata. Brett is a Seattle native, with a BA in Finance from Seattle Pacific University.
Connect with Brett on Linkedin: https://www.linkedin.com/in/brett-turner/
E3 - Can We Trust ChatGPT? Going Down the Rabbit Hole of the Implications of AI
Had a chance to play around with ChatGPT yet? The fastest growing app of all time, ChatGPT is a generative AI tool that allows you to have human-like conversations with a chatbot. You can ask it questions and it can assist with tasks like composing emails, writing essays, and coding.
We, not unlike the rest of the world, are in total awe of what it can do. It’s clear that technology and humanity has reached a tipping point where super-intelligence is not far out of reach. But, as of now, it’s looking like we’re in the wild west of AI!
In this Fintech Corner episode, host and Trovata CPO, Joseph Drambarean, chats with Kevin Bell, the Head of Client Solutions at Trovata, about fears around ChatGPT automation, whether or not its output can be trusted, and how we can use it in finance in a creative way.
Highlights:
- Going down the ChatGPT Rabbit Hole
- The fears of ChatGPT automation
- Can we trust ChatGPT?
- How AI can be used in a creative process
- AI/ML enters the wild west
Coupon Code: FORECASTING2023 to try Trovata’s automated forecasting 100% free for 2 months.
Never be out of the loop on what’s going on in finance, tech, and business. Subscribe to our podcast today!
This episode is brought to you by Trovata.io.
Trovata.io empowers everyone to analyze, report, forecast, move – manage cash like a pro – no matter who your business banks with. Save time, ensure data accuracy, and drive smarter decisions with access to your data across multiple banks and accounts - it’s free to get started. Learn more about Trovata at https://bit.ly/3JXHbcC.
Connect with our hosts:
E2 - What Cash Management & Basketball Have in Common - The Secrets Behind the ‘Stephen Currys’ of Finance
March madness is just around the corner and when you think about it, cash flow management is like basketball. The treasuries that don’t solve their bank connectivity issues before working on their forecasting are like basketball players who skip the fundamentals - like dribbling - and go straight to free throws.
To get to the juicy analysis work, you’ve got to be able to get a handle over your cash flows easily and not get bogged down in bank portals and spreadsheets. It’s long been thought that the difficulty of connecting bank data and disparate tools is a mountain that’s just too high to climb. However, there is a way out of the spreadsheet madness. No more diving through multiple bank portals and spreadsheets to answer simple questions like “Where’s our cash going?” or “How much cash will we have on hand tomorrow?”
In this episode of Fintech Corner, host and Trovata CPO, Joseph Drambarean, chats with Kevin Bell, the Head of Client Solutions at Trovata, all about how bank data aggregation automation can enable you to gain deeper cash insights in near real-time, borrow and invest more intelligently, and make data-driven decisions to extend your financial runway.
Episode Highlights:
- JD and Kevin’s picks for the Superbowl
- How the corporate banking world is still not fully caught up with the consumer banking experience
- Market turbulence and geopolitical factors make business’ outlook less predictable
- Cash burn is top of mind, despite it being surprisingly difficult for teams to calculate
- Tools for treasury and banks don’t speak the same language, much less talk to one another
- Finance teams get ahead of themselves with forecasting before mastering data management
- Once you solve for bank connectivity issues, life gets way easier and more fun
- Finance analysts are incentivized to find excess cash with today’s interest rates, putting money on the table to work
Join the conversation by joining our Slack Community, The Trove!
Check out a spin off conversation from this episode where we dive deeper into the ChatGPT conversation. (post after the next one drops?)
Coupon Code:
Use coupon code FORECASTING2023 to try Trovata’s automated forecasting 100% free for 2 months.
Never be out of the loop on what’s going on in finance, tech, and business. Subscribe to our podcast today!
This episode is brought to you by Trovata.io.
Trovata.io empowers everyone to analyze, report, forecast, move – manage cash like a pro – no matter who your business banks with. Save time, ensure data accuracy, and drive smarter decisions with access to your data across multiple banks and accounts - it’s free to get started. Learn more about Trovata at https://bit.ly/3JXHbcC.
Connect with our host & Guest:
E1 - How Startups Can Still Hit The Ground Running In Today's Economy - Trovata's Story
Times are changing, and it’s no secret that the current economic downturn is taking a toll on startups. Founders are forced to find innovative ways to keep afloat in rough waters, where many assume that venture capital funding is few and far between. But is it?
In this inaugural episode of Fintech Corner, host and Trovata CPO, Joseph “JD” Drambarean, and Brett Turner, Founder and CEO of Trovata, discuss some of the headlines and topics on everyone’s mind right now in fintech and entrepreneurship.
Plus - see what happens when JD asks ChatGPT to write some marketing taglines for Trovata… Does this mean you can drop your marketing team and replace it with ChatGPT? Listen to find out!
Specifically, JD and Brett discuss in this episode:
- What does the state of the economy mean for startups?
- Brett’s experience raising Trovata’s series B funding round
- Is there still VC funding out there to be had?
- Tips for de-risking your startup
- What should founders be doing right now?
- How Trovata helps with your company’s financial operating plan
- Hunkering down and getting smarter about business
- How Brett’s career in finance led to becoming an entrepreneur and the story behind Trovata
Learn more about Trovata at https://bit.ly/3JXHbcC