The Perceived Lack of Innovation in Core Banking with Santo Cannone

In this episode of Counting Change, hosts ⁠⁠⁠⁠⁠⁠⁠⁠⁠Arjun Sahgal⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠Rachel Reid⁠⁠⁠⁠⁠⁠⁠⁠⁠ are joined by ⁠⁠Santo Cannone⁠⁠, a board chair at Tampa Bay Wave and a board member and strategic advisor for several firms. Santo discusses core banking and the perceived lack of innovation in it. He explores the functions of core banking systems, the barriers to innovation created by outdated systems, and the hesitancy of institutions to modernize or replace them. Lastly, Santo also touches on the role of technology trends, such as AI and open banking, in shaping the future of core providers.

⁠Counting Change⁠ is hosted and ran by employees of ⁠Ascent Platform⁠.

About Ascent (Bank Version)

Ascent is the next-generation platform that provides financial institutions with the ability to streamline any and all product applications and forms without disrupting existing systems and processes. Ascent replaces the patchwork of full-stack product applications, static web forms, and PDFs with intelligent applications and forms featuring prefilled data, optional pre-screening rules and logic, and collaborative document collection. Most importantly, the platform learns from every interaction, and uses those learnings to make subsequent experiences more contextual, with fewer questions for the customer and less work for the banker. Using Ascent’s no-code builder, institutions can rapidly configure and deploy beautiful bespoke applications and forms at their own pace.

For more information, please visit ⁠ascentplatform.io⁠.