#31 - The CLT Payments Season: Adam Gill, Head of Digital Banking @ Stearns Bank
PayCLT and Scott Harkey are proud to welcome Adam Gill, Head of Digital Banking and Deposit Product Management at Stearns Bank to the PayCLT Payments Hub Podcast, sponsored by Endava. This season we're diving deeper into the Charlotte community to surface the payments leadership and talent in the Queen City, so we hope you enjoy the discussion!Adam's LinkedIn: / adamgill24/Scott's LinkedIn: / scottleeharkey PayCLT Payments Hub Podcast on Apple: https://podcasts.apple.com/us/podcast...PayCLT Payments Hub Podcast on Spotify: https://open.spotify.com/show/0vgsAgV...PayCLT homepage: https://www.payclt.comTakeways:- **Career Progression**: Adam Gill is the Head of Digital Banking and Product at Stearns Bank, with a diverse background in consulting, Ally Bank, and launching a neobank. His journey showcases the evolution of financial services and technology.- **Common Thread**: Throughout his career, Adam has focused on modernizing financial services technology and enhancing customer engagement, emphasizing the continuous journey of modernization in the industry.- **Charlotte’s Unique Landscape**: Adam highlights Charlotte’s strong foundation in large banks, which attracts specialized talent and fosters a vibrant FinTech ecosystem. He notes the importance of diversification and the growth of smaller organizations in the community.- **Lessons from Neobank Experience**: His experience launching a neobank taught him the importance of focusing on a minimum viable product and understanding the financial technology landscape. He emphasizes that the tech fundraising model is not always applicable to FinTech.- **Payment Misconceptions**: Adam points out that many people view money movement through their personal experiences, which can lead to misconceptions about payment systems. Understanding broader use cases is essential.- **Future of Payments**: While real-time payments are being implemented, Adam notes that they are not yet relevant for all customers. He emphasizes that cash access remains vital for small and medium-sized businesses.- **Community Engagement**: Adam is passionate about building a diverse and collaborative FinTech community in Charlotte, recognizing the need for various organizations and professionals to enrich the ecosystem.
