Changing the Game: Alternative Lenders and the Disruption Mindset
For some entrepreneurs, there’s no blueprint for their business, because they’re reimagining their whole industry. We call these forward-thinkers “disruptors,” because their new methods can transform entire industries, leaving the traditional leaders scratching their heads, wondering how they got left in the dust. But what makes a business disruptive? And how should that disruptor expect to fare as it introduces investors and consumers to a new paradigm? Of course, most businesses out there aren’t disruptive. But whether or not you consider yourself a disruptor, there’s plenty to learn from them. With Cadence Bank’s resident disruptor, Ross Vaughan, Executive Vice President of Commercial and Industrial Lending, we’ll explore how disruptors approach consumers and utilize technology differently, and how that could be the key for your business warding off challengers. Financial institutions have dealt with plenty of disruption over the years. We’ll learn how banks like Cadence have innovated to keep pace with evolving technology. The current disruption facing the industry is the rise of alternative lending. On this episode of In Good Companies, we cover the ins and outs of alternative lending—the surprising details of how they work, what makes them different, and when one might make sense for your business. Join us as we question all our assumptions, and ask the most powerful question: “What if?"