Data, security, and risk management consistently top financial CIO priorities
Maria Gotsch · 653: She Invests $120 Million Into Financial Tech Companies, 39 Graduates, 6-8 New Per Year with New York Partnership Fund CEO Maria Gotsch · May 8, 2017 · at 8:19
Maria Gotsch, CEO of the Partnership Fund for New York City, outlines the core enterprise tech demands of Wall Street financial institution CTOs and CIOs.
0:00 / 0:18exact quote · 18.9s
720p mp4 · rendered on demand · StarZero watermark
“So consistently since the beginning, there has always been what I call the big three data, security, risk management, currently known as RegTech, but basically it does a risk management. So those three categories have been on the top of the CIOs list since the beginning.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Maria Gotsch
SoFi is a rare exception among consumer fintech startups scaling independently
“So I think people like SoFi are the exception to the rule. Where you're able to, you know, come in with a new product that the, an area where the banks are not paying it, you know, are not working for whatever reason, and then expand to be a big company.”
Scaling fintech startups will ultimately partner with or be acquired by incumbents
“I think you're going to see most of the companies end up being when they get to a certain size or asset size. Partnering or acquiring with a large institution because they have the regulatory expertise and they have the distribution power.”
Enterprise interest in distributed ledger enabling tech will rebound by 2019
“And I predict that in like two years, there will be an increased interest back in more enabling technologies that will help fit around the distributed ledger, but the core systems, people have made their bets.”
Henry Kravis raised Partnership Fund's capital in the late 1990s
“Henry Kravis of KKR raised the funds in the late nineties, and he raised them from major, major corporations in New York, as well as individuals.”