Episode description

On this episode, Chip Mahan, Chairman and CEO of Live Oak Bank, joins host Vince Passione. He shares his extensive knowledge of the evolution of banking, the impact of technology in the finance sector and the shifts in investment trends. 

Key Takeaways:

(01:23) Chip discusses the inception and mission of Live Oak Bank, focusing on providing exceptional service to niche industries through technology.

(09:32) How Canapi leverages relationships to bring unmatched value to companies.

(15:55) Chip emphasizes the importance of striking a balance between digital convenience and exceptional customer service, recounting his experience with Live Oak Bank’s responsiveness.

(21:42) Chip delves into the shifts in fintech investments and valuation trends, highlighting the abundance of money-chasing fintech investments and the subsequent adjustments in valuation dynamics.

(26:35) Chip shares his perspective on the state of banks, touching on the issues of credit quality, liquidity and capital. He feels that banks are solid because the credit guys at the helm are cautious due to regulatory pressures.

Resources Mentioned:

Chip Mahan - https://www.linkedin.com/in/chipmahan/

Live Oak Bank - https://www.liveoakbank.com/

Canapi Ventures - https://www.canapi.com/

Payrailz - https://www.jackhenry.com/what-we-offer/payments/payrailz-digital-payments-platform/

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#Banking #Lending #Fintech