Independent Banker - November 2017 - 49

SPECIAL SPOTLIGHT
NEXT-GEN BANKING
Changing the Mindset of Innovation
C
hange is imminent in banking, and it is crucial
for business owners to have control when dealing
with the interworkings of their institution. We live in
a world where what used to take years to advance in
technology now happens in as little as a month, with
the adoption rate rising and accelerating at a much
quicker pace. The speed at which modern technology
has developed has expeditiously advanced our economy
from a scale economy to a semantic economy, where
information fl ows freely and B2B relationships take on
new characteristics of being open and collaborative. As
these new relationships develop, and technology shifts
and advances at an increasingly rapid pace, the need for
a business evolution will undoubtedly take place.
Technology is a common driver in the banking world,
and to remain one step ahead and drive success in a
rapidly changing market, community bankers must fi nd ways to
identify and amplify innovation. To do so, certain standards
within a bank's relationship with its core provider are essential:
1. There is no shortage of strategies for innovation.
2. The ability to work with forward-thinking innovators is
available.
3. A platform is established to give users access to their
data.
In today's modern society, innovation is a business imperative,
especially for community bankers. As they continue to play a
unique and important role in our economy, and as new
technology continues to transform the fi nancial sector, the
implication that community bankers are in specifi c need for
free market innovation is an understatement. With a long list of
forward-thinking vendors available in the industry, it's apparent
that third-party relationships are not one-size-fi ts-all. So by
shifting the mindset of traditional core relationships and moving
toward the broader idea of Platform as a Service (PaaS)
versus the currently adopted infrastructure Software as a
" We believe that
when innovation and
partnership are put
together, our clients
have a dynamic place to
grow their business. "
- MARK DITTMAN, IBT CEO
Service (SaaS), community bankers will have the freedom to
mediate their vendor relationships. This will allow them to
focus on the business side of scalability, and the development
of the services they provide to their customers.
Our goal at IBT is to initiate partnerships with our community
banking clients and discuss the best solutions that work for
them. By slowly lacing our business method around a freefl
owing, innovative way of thinking, IBT aims to push market
share back to community banks, creating a partnership that
goes beyond being a provider. We believe that when innovation
and partnership are put together, our clients have a dynamic
place to grow their business.
If you would like to connect with us and discuss how the IBT
Core can benefi t your community bank by opening up new
resource opportunities, contact us at 512.616.1100, or visit
our website at IBTapps.com.
1101 Arrow Point Dr. #305, Cedar Park TX 78613
512.616.1100 | Sales@ibtapps.com | IBTapps.com
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Independent Banker - November 2017

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