February 2018 Carolina Fintech Hub Strategic Update
Program Structure Value Carolina Fintech Hub Fintech Verticals Success Metrics Unique Value Workstreams Prop EXECUTED BY ACHEIVING APPLIED TO Game-changing relationships Banking/Payments/InvesTech Talent Programs A collaborative Joint Venture between Fintechs & Anchor Partners of competitors Sandbox & Partnerships New Market Talent acquisition InsurTech A unique mission of fin & tech Startup Acceleration from both developing (upward mobility) & partnership to enhance rather "Ready/Ready" pools Employee Engagement than disrupt the existing market RegTech Enhance Partner Brands Capital as Fintech champions & destination Marketing Enable Employee Engagement to increase satisfaction & opportunity CFH Partners Banks Professional Services Legal Tech Education 2018 Carolina Fintech Hub Strategic Update
CFH Organizational Makeup 01 03 Board: Anchor Company / Member Operating Committee Members / Company • Bank of America / Dave Matthews, CIO • Talent Programs: Aubrey Hawes, Oracle ; Matt Choiniere, BAC • Ally Bank / Tom Desmond, CFO • Marketing: Brad Wallace, E&Y; Jon Wolf, BAC • BB&T / Matt Ribbens, Digital Executive • Wells Fargo / Vas Kodali, Innovation Executive • Capital: Brian Pope, Barings; Jacob Beaulieu, BAC • E&Y / Brad Wallace, Partner • Employee Engagement: David Teixeira, North Highland; Chris Hart, Levvel 02 Anchor Partner Companies • Sandbox/Partnerships: Alex O’Rourke, Mcguire Woods; Rick Scot, BAC Bank of America, Ally, BB&T, Wells Fargo, E&Y, Oracle, Grant Thornton, Levvel, Medici, North • Acceleration: Patrick Rivenbark, MEDICI; Daniel Highland, Sia Partners, Womble Bond Dickinson, Sanford, Wells Fargo Hayden Technology, McGuire Woods 2018 Carolina Fintech Hub Strategic Update
01 02 03 Notable Accomplishments Established CFH legal entity, membership, Design and launch of digital Successfully launched programming to funding , BoD, expanded anchor partners to community engage new market talent Hackathon, include Wells Fargo and BB&T and regional www.carolinafintechhub.org , a one- Blockchain challenge (link below), CMS events, presence launching Raleigh Chapter. stop-shop for all things Fintech in the and developed relationships for future university Carolinas. Includes blog content, event partnerships. calendar, running inventory of fintech https://www.generation-blockchain-challenge.com/ companies, CFH podcast, and social media connections. 04 05 06 Successfully launched programming to engage with regulators, partner organizations and community Amazon HQ2 Successfully launched programming to CFH’s positive community impact has HiveStorm, CFPB joint effort to host project engage fintech community with incumbent been recognized in several publications catalyst office hours, NC Commissioner of banks launch of ‘deal-based’ accelerator. Charlotte Business Journal, Charlotte Banking partnership, OCC office of innovation, Agenda, NC State Poole College of NC Bankers association, multiple universities, Management. city/state and federal government coordination.
2018 Fintech Start-Up Acceleration Success Factors 0 1 40 20 100 6 Current Goal Current Goal Current Goal Number Identified Number Routed Number Partnered Acceleration program Acceleration program approach dependencies Acceleration 80% these are later stage fintech companies that are Incubation $ Capital "ready/ready" to engage in deal making conversations with our These are earlier stage anchor banks. companies, pre or little revenue, and here we are focusing on identifying Sandbox them, routing them into partner incubator 20% programs like QC Fintech, and monitoring their progress Events 2018 Carolina Fintech Hub Strategic Update
2018 Talent Acquisition Success Factors “Ready/Ready” Traditional Route “Early Stage” 150 1k Hundreds of Applicants Current Goal Traditional Background Number engaged in Specialized Curriculum program Non-Resume Measurements See Work Habits Before Hiring 0 200 Job-Specific Training Self-Screened via Competition Current Goal Vetted for Workplace Safety Number hired by Merit Based Approach anchor partners or fintechs Highly Qualified 2018 Carolina Fintech Hub Strategic Update
Talent Acquisition (Early Stage - Upward Mobility) Supply Bridge Demand + Under City / Others Represented Minorities By partnering with the city and others, we will overlay into our software all available services and resources so that if they are accepted, with a single click of a button the only thing they need to focus on is doing the job well. Upward Affordable Housing Transportation Childcare Mobility Candidates Instruction & Curriculum Participants given the opportunity to be accepted into a 6- Fintech Jobs month program where they receive professionally led + instruction and customized curriculum. We will have many community partners (Goodwill, Charlotte We will ask anchor partners to commit to an agreed upon Works, Urban League, Grassroots organizations) that will help number of entry level tech jobs in areas of need per year for Aptitude us identify at-need candidates to enter our pipeline. this program (e.g. info security, risk management, QA/testing, technology project management). Platform to assess aptitude of community members. Training AND a Job 2018 Carolina Fintech Hub Strategic Update
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