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/   Voices

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/   Insights

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/   Spotlight

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TechCrunch’s bi-annual TechCrunch Disrupt conference took place in San Francisco this week, attracting start-ups, entrepreneurs and tech lovers to hear about the latest and greatest from companies both large and small. Yesterday, Intuit Founder Scott Cook, and Instagram Co-founder Kevin Systrom took the stage with Eric Ries, former CTO at IMVU, to discuss Ries’ book, “The Lean StartUp.”

The discussion started with Ries diving into the definition of the word ‘lean,’ as he believes it is often misconstrued as meaning cheap or frugal. Ries said, “for starters, ‘lean’ does not mean being cheap or frugal, it’s about being efficient and taking a smarter approach to the development of your product.”

Both Scott Cook and Kevin Systrom weighed in with input from their own innovations, and the importance of running a lean company. You can hear their observations in the video below.

As financial institutions begin to broaden their product line-ups to meet increasingly diverse customer needs, tapping into the “lean startup” mentality could be a beneficial approach. Can financial institutions adapt, adopt and go, or do business realities stand in the way? Let us know your thoughts in the comments section below, or Tweet @bankingdotocm.


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James W. Gabberty

Gabberty is a professor of information systems at Pace University in New York City. An alumnus of the Massachusetts Institute of Technology and New York University Polytechnic Institute, he has served as an expert witness in telecommunication and information security at the federal and state levels and holds numerous certifications from SANS & ISACA.

Marisa Mann

Marisa Mann brings over 15 years of experience in consulting and financial services industries to the Solstice team, working on large scale enterprise initiatives across many technologies, including specializing in the digital space – Internet and mobile. Mann is passionate about mobile and the endless possibilities for the enterprise, delivering business value through strong brand recognition and driving to excellence in the consumer experience. Prior to Solstice, Mann worked at JP Morgan Chase, Diamond Management and Technology Consultants, Washington Mutual, Inc, and Accenture.

Brad Strothkamp

Zachary Ehrlich

25-year-old writer, and as a native San Franciscan, I am unreasonably loyal to Bank of America, if only for their superhero-like origin story, involving the 1906 earthquake and Italian fruit vendors.