My guest this week started working on the digital evolution before it was even recognized as evolutionary. He has a resume that is exemplary of a true leader in payments and his greatest passion (besides voraciously consuming books) is applying technology to solve business problems. Dragonfly Financial Technologies CEO Johan Roets is the self-proclaimed “other famous tech billionaire from South Africa” and this is his story!
For those of you who may not know, Dragonfly Financial Technologies provides digital banking solutions to banks in the United States. They offer a technology platform for banks where their corporate and business customers can sign on and do all their corporate payments, cash management, and reconciliation in a manner that backs directly into their accounting platform. Their target market is larger regional banks looking to compete with the big players in the U.S. ecosystem.
Johan sees Dragonfly as “a white knight to the banks” in that Dragonfly helps them accelerate their innovations to be able to compete with those fintechs that are dominating the market. The core benefits they offer include fintech integration, open baking, AI-based solutions for corporations, and high-value payments in real time.
Tune in this week to hear Johan talk about his journey to CEO, including why he feels people still struggle to trust non-banks with their financial assets. We also talk about where he sees the industry going in the next 2 to 3 years as it relates to Blockchain and payments fraud, the bank versus the non-bank competition when it comes to owning the customer journey, open banking as a necessity in our ecosystem and just how quickly money can move in the wake of financial turmoil.