Building for the Small Financial Institution with Ted Coy of Valiify

In this episode of Behind the Vault, we look at the inside vs. outside innovation options with Ted Coy, founder of Valiify, a CUSO dedicated to serving smaller banks and credit unions. Ted's journey from Alabama Credit Union to entrepreneurship offers a unique perspective on the challenges and opportunities in this often overlooked sector.Major points from the episode:Ted's career path and the experiences that led to founding ValiifyThe unique needs of small financial institutions and why they're underservedTackling digital account opening for community banks and credit unionsOvercoming the technology adoption bottleneck in smaller institutionsThe build vs. buy dilemma and how it can spark innovationThis episode provides invaluable insights for anyone interested in fintech, credit unions, and the digital transformation of community financial services.Listen in to learn:Barriers to innovation for smaller financial institutionsApproaches the "build vs. buy" dilemma for community FIsStrategies for competing with neobanks and fintechs on a limited budgetThe importance of a consultative approach in serving both small and large institutionsLinks discussed:ValiifyTed's LinkedIn Profile