Expert Insights from Aaron Silva, President & CEO of Paladin fs
Moderated by Timothy Chiodo, Payments, Processors, & FinTech Analyst at Credit Suisse
The following is a republication of a report by Credit Suisse.
Insights & Discussion with Core Banking Expert
We [Credit Suisse] hosted an expert call with the President & CEO of Paladin fs, a national research & consultancy firm that specializes in bank & credit union contracting for core banking & ancillary technology services via the likes of FIS, Fiserv, Jack Henry, etc. (with this expense often the second largest cost for many banks behind payroll). Our expert started the firm in 2007, and began negotiating fees on behalf of banking customers in 2009, with an emphasis on financial institutions under $25b in assets. Paladin fs is approaching ~200 transactions and has assessed hundreds of additional US financial institutions. Our expert also founded the Golden Contract Coalition with an aim toward organizing hundreds of institutions & ~$1b in core IT contract revenue.