Monitor Disrupted+ Newport Beach Challenges Thinking in Equipment Finance
FEB 28, 2020 - 7:00 am
Monitor hosted its first Disrupted+ conference of the 2020 series in Newport Beach, CA on Tuesday, February 25. The venue, The Resort at Pelican Hill, provided breathtaking views during the outdoor luncheon.
Deborah Reuben, president of Reuben Creative, moderated the event and reminded the audience that technology will never more slowly than it is today.
The event opened with a fireside chat featuring Currency CEO Charles Anderson, who challenged the audience’s thinking when it comes to the viability of their business models in the future. He talked about what it takes to transform your company from a finance company to a technology company and reminded the audience that the pain of staying the same must be greater than the pain of change. When asked if the equipment finance industry will continue to be exist in the future in its current form, he adamantly said no.
Tawyna Stone, vice president of Strategic Technology, GreatAmerica Financial Services, spoke about the journey her company is going through. She said they are “halfway up the hill” in their transformation, which involves really understanding customers and building digital foundation for the future of customer experience.
Denis Stypulkoski, SVP/chief information officer, Commercial Division, TIAA Bank talked about intentional disruption and how to execute a mind shift when it comes to product management and business agility. He discussed the architecture of the future and what TIAA is doing to architect, shifting from a project to a product mindset.
Lisa Rafter, publisher of Monitor, and Yoshi Mua, principal of MMedia, shared the story of their unlikely partnership. Rafter shared her experience of working with a younger person who has such a different perspective. They talked about their journey of working together to disrupt the Monitor and make it a media company that continues to remain relevant in the future.
Steve Riggs, president of DLL Advanced Solutions talked about developing new usage-based products and the challenges of leading through that.
TIAA Bank was the platinum sponsor of the event. Other sponsors included Tamarack, BankFinancial, IFS Leaseworks, Mantrpoynt, MMedia and several startups.
A new startup showcase featuring sponsors Fincura, TAO Solutions and Bright Reps, provided five minutes for each company to discuss their products.
“I want to thank Deborah Reuben, all of our speakers and sponsors for making 0ur first event of the year such a success. The force of digital change is sweeping through the equipment finance industry and impacting the way we all do business. We believe this topic is vital to the future of those in our industry, and we’re thrilled that so many like-minded individuals have joined us in this journey of disruption.”
Stephanie Hall, EVP of BankFinancial Equipment Finance, said, “Thank you so much for putting on important, beautiful and informationally dense events that are already challenging me to be a better version of the professional me. I’m grateful.”
Save the date for the next conference in Monitor’s Disrupted+ series, which will be held in Dallas on May 5th.
The new year is only a few months old, and already the Empire State has greeted the equipment finance industry with several measures which could aggravate the conduct of business. Commercial Finance Disclosure Commencing Jan. 1, 2022, every non-exempt lender... read more
CONTENT CONTINUES AFTER CHART Despite a tumultuous year for the global economy due to the COVID-19 pandemic, Monitor’s Top 25 Independents grew a collective 9.1% in 2020, increasing the group’s volume from $6,075.8 million in 2019 to $6,626.3 million by... read more