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Praise for Virtual Banking
Dan deeply understands how technology is changing the future of money, and his book couldn t be timelier. From digital wallets to digital currencies, technology–driven innovation is reshaping how we pay, how we shop, and how we bank. Dan s insight and expertise makes this a must–read guide to the trends shaping electronic payments, mobile commerce, and virtual banking.
John Donahoe, President and CEO, eBay Inc.
Schatt has managed to capture the incredible breadth and pace of innovation in payments and offers up practical advice for harnessing it to power winning consumer finance businesses. This book is an essential guide to forming the next–generation partnerships that are required for building powerful consumer experiences.
Jennifer Tescher, President & CEO, CFSI
Unfortunately, most bankers and payments professionals find the transition to the new state extremely difficult. Tons of consumer choice, frantic innovation, and completely new ways of thinking about the old problems of banking and payments. Dan puts forward a great case for collaboration with the innovators and has filled his book with detailed examples and use cases that illustrate the gap emerging between the new players and the incumbents. A great read, meticulously researched.
Brett King, Four–time Amazon Bestselling Author; Founder and CEO of Moven
The financial services industry is being challenged unlike any other time in history which is why Schatt′s book is an absolute must–read for those looking for guidance on why and how to innovate. It offers an in–depth look into all factors shaping the changes banks must adapt to today and in the future.
Peter Aceto, President and CEO of Tangerine (formerly ING DIRECT Canada)
An extraordinarily insightful look into the future of digital banking. Dan Schatt s new book is a wake up call for all banks today. Platforms and cooperation in payments and beyond are central to their future success.
Laurent Desmangles, Partner and Managing Director, The Boston Consulting Group
The world is changing faster than ever, but more importantly, client expectations are rising just as quickly. Dan Schatt does an incredible job of laying out why the financial industry needs to adapt and then lays out concrete steps on how it can do so. Practical advice and interviews from some of the best in the world at innovating in financial services is the icing on the cake.
Nate Wehunt, SVP and Digital Channels Head, City National Bank
Dan has put together a thoughtful and comprehensive overview of today s complex landscape of payments and electronic banking opportunities. Of even greater value, Dan gives practical advice on innovation and strategic partnering from an experienced insider perspective. This collection of concise and insightful real life case studies is a must read for any bank or fintech executive planning for their future success in the industry revolution already under way.
John Schulte, SVP/Chief Information Officer, Mercantile Bank of Michigan
In Virtual Banking, Dan Schatt has done something I would have said was impossible: he has delivered insights that will be useful to both practitioners in the field and to theorists and visionaries; he has written a book that serves executives and technologists within financial institutions as well as entrepreneurs building solutions in the fintech space. Schatt culls lessons directly from interviews with the players on the field, as well as his own insights from PayPal and elsewhere, to create an up–to–the–minute report from the frontlines of financial services innovation.
Matt Harris, Managing Director, Bain Capital Ventures
DAN SCHATT is the former Head of Financial Innovations for PayPal, responsible for defining and executing on PayPal′s initiatives with the financial services industry. Schatt has also been an advisor to CGAP, part of the World Bank, and an industry analyst with Celent. Prior, he worked in the Financial Institutions Group at Citigroup. He currently serves as Chief Commercial Officer for Stockpile.
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