FintekNews is pleased to offer our readers our “3 Questions” column, where we chat with a thought leader within a unique sector of fintech and ask them to answer just 3 questions for our audience in their vernacular. This week, we’d like to introduce you to Ryan Victor of Finxact, which is innovating the first enterprise class cloud-native Core-as-a-Service platform with a 100 percent accessible open banking API.
NAME: Ryan Victor
TITLE: Senior Vice President of Sales
WEB ADDRESS: https://finxact.com
What does your firm do/offer within the fintech sector?
Finxact is transforming the way banks deliver new services for today’s consumers through the first enterprise-class, cloud-native Core-as-a-Service platform with a 100 percent accessible open banking API. Our extensible data model is allowing banks to rapidly and cost effectively launch the products, services, and markets they choose, delivering value beyond just a lower total cost of ownership. Together, with our strategic partners, Finxact is delivering a new category of banking platform, which will be technologically available and economically valuable to banks of all sizes and types.
What is your role within your firm and what do you do there on any given day?
As Finxact’s Senior Vice President of Sales, I am constantly engaging the marketplace to evaluate how Finxact can help banks, fintechs, and developing challenger banks meet their current and future needs – from full legacy core conversions to digital-only launches – through our Core-as-a-Service platform. This involves speaking to multiple banks of all sizes, sharing the details of our solution, and working together with them to meet their goals. Every day we solve new banking challenges, while offering a modern approach for CEOs and CIOs who are on a path towards digital transformation. It’s an exciting time to be part of the Finxact team, as we’re experiencing incredible interest and rallying our ecosystem to showcase our platform every day!
How do you feel consumers (or if more relevant for your firm – businesses) are adapting to the facet of fintech that your company operates within?
Financial institutions are looking for fresh ideas and a modern technology stack when it comes to their core banking platform. Banks are tired of being restrained by long contracts, slow technology, and vendor lock-in. Finxact is pursing a completely different value system by becoming a true partner to banks and fintechs, and they recognize this from our initial conversations. Finxact at its “core” wants to be very transparent to the marketplace in all aspects, from where we are heading to how we can help banks get to where they want to be. At Finxact, our goal is that you “love your core.” Loving your core goes beyond a product; it means a partnership, understanding, and commitment to the success of our clients, it’s just our way of doing business. This mission started with our founders, Frank Sanchez, CEO and Michael Sanchez, President, and no one knows the market better than them.
Ryan Victor has over 15 years of experience in the financial services industry, beginning his career as a sales leader selling full service financial products for boutique investment firms in NYC. Currently, Victor is leading Finxact’s strategic sales efforts, building a team to meet the company’s strong market interest.