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Open banking has opened the floodgates to innovation.

Open banking has opened the floodgates to innovation.

by Brian Pillmore | May 8, 2023 | Brian's Blog

The possibilities are quite literally endless… An API for solopreneur plumbers that underwrites loans based on an algorithm analyzing their deposits and withdrawals and doesn’t need access to their tax returns. Another algorithm that can analyze high-risk payroll...
Open banking will be the death of hundreds of banks.

Open banking will be the death of hundreds of banks.

by Brian Pillmore | May 5, 2023 | Brian's Blog

Don’t be so stubborn you become one of them… Core banking alone is rarely enough to support a bank anymore, And plenty have already failed because of it. You need a value-added service. It could be quick and easy auto loans,Or it could be as simple as a better app....
Open banking is innovating finance at an incredible rate.

Open banking is innovating finance at an incredible rate.

by Brian Pillmore | May 4, 2023 | Brian's Blog

But you better understand the risks of using it… Based on the name “open banking” you might think this would expose you to more hackers, but that’s not the case at all. Your website and other infrastructure is just as exposed to hacks as it always has been. It’s not...
I just hired a specific software expert at low cost within 12 hours of beginning my search.

I just hired a specific software expert at low cost within 12 hours of beginning my search.

by Brian Pillmore | Apr 28, 2023 | Brian's Blog

Here’s how. Step 1: Define what’s needed. An expert in a PR software that is brand new to me. Someone who can run it independently. Step 2: Define the search. I went into sales navigator and made a simple search: – Previously worked at specific PR company (the...
Banks have a funny way of expecting more from their borrowers than they should….

Banks have a funny way of expecting more from their borrowers than they should….

by Brian Pillmore | Apr 27, 2023 | Brian's Blog

It’s part of what sunk SVB. When you take a large loan from the bank, They expect you to do more business with them. For some banks it’s: We gave you a $1M loan for a building,Now we expect you to lease cars through us too. For SVB it meant: We just gave you a $5M...
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