There are so many fintechs out there that it's a challenge for many credit unions to properly research and hire them to leverage their products/services. Fortunately, there are few quality events that can filter the fintechs, helping credit unions with a more educated selection process. One of those events that is growing is VentureTech.
Nick Evens, President of The Veridian Group (TVG), a wholly owned CUSO holding company of Veridian Credit Union, joined us on the show recently to discuss VentureTech. VentureTech is annual event that invites and vets fintechs in which credit unions can invest and possibly employ their services to help them better serve their members.
Nick affirms this is no Shark Tank or Finovate, but the stakes are still pretty high for these fintechs that are looking to engage credit unions for funding and business. Earlier this month (Nov. 9), they had their 3rd annual event and crowned BreachClarity the 2020 winner. Illuma Labs won in 2019, which gave them an automatic berth into NACUSO's 2020 Next Big Idea Competition.
Nick shares how the event works, why they created it three years ago, how it works for fintechs, how they vet or select winners, how it benefits credit unions, future plans for the event (it's growing!) and much more.
Check it out and let us know your thoughts.
Mike Lawson, Host
Married to a beautiful and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.