Fast Company: The Intersection of Consolidation and Digital Technologies in the Banking Industry

By: Matt Tengwall

As the banking industry continues its transformational shift, digital technologies continue to disrupt traditional banking models. Established banks are facing increased competition—and quite a few are looking for ways to stay ahead.

Matt Tengwall, Vice President and General Manager at Verint Fraud and Security Solutions—and Fast Company Executive Board member—recently shared how an emerging strategy is consolidation, as banks seek to merge with or acquire other institutions to increase scale and efficiency.

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Matt Tengwall is Vice President and General Manager at Verint Fraud and Security Solutions. A business leader at Verint for two decades, Matt is widely recognized as a thought leader in the security industry, with expertise in many elements of security, surveillance, cyber-convergence, and investigation systems for banks and credit unions. His passions are organizational leadership and development, customer engagement, solution innovations, business strategy, and alliances. Matt is a keynote speaker at industry events and a regular contributor of articles for industry publications, as well as blogs on trends and the business of security.