Page 24 - Pay Magazine

After the new CEO and President Damian Kozlowski took the reins of The Bancorp in June 2016, the bank doubled down on its commitment to ntech. As part of its broader strategic plan, the bank launched its own innovation studio, Cube8. The hub is set apart from daily operations of the bank and is tasked with exploring “unconventional—even radical—ideas in nancial technologies,” with the goal of creating changes or new oppor- tunities to bolster the company’s business strategies, operational e ciency and incre- mental revenue. Financial services and the payments space, in particular, have become more competitive and startups are looking
to partner with or displace incumbents. Paybefore spoke with Jeremy Kuiper,
The Bancorp’s executive vice president
and head of payment solutions, about
the genesis of Cube8, the challenges
of balancing compliance and innovation, and the opportunities ahead for the nancial services providers that can excel at both.
companies & people
22
with
Jeremy Kuiper,
The Bancorp