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Responding in a (Banking) Crisis with Modern Treasury
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La Familia, this was a BIG week for us at FFH!
I’ve been plotting and scheming a shift in format with Kristen Anderson, a core member of the family. We recorded our first episode with this new format with the ony and only Alex Johnson this week and I absolutely cannot wait to share!
We’ve always tried to focus in on the human element and now we’re taking that a step further. I really hope you all enjoy it because it was a blast to record. I can’t wait to hear what you think, fam!
Stay tuned :)
But until then…on to this week’s episode👇
THIS WEEK’S EPISODE 🎙️
It’s been four months since the madness surrounding Silicon Valley Bank. That couple of weeks was the most uncertainty I’ve seen in the financial system in my adult, professional life.
I was glued to twitter that couple of weeks. It was informative, infuriating, and I was completely obsessed. Wirecard was wild, FTX was flabbergasting, but this felt unheard of despite the warning shots fired in writing across many financial publications.
We were warned, but I certainly wasn’t listening.
It was fascinating seeing the world react. I even wrote a reaction to many of those reactions in the form of an essay called The Everything Expert.
Every company with customers impacted by the crisis were doing their absolute best to react with decorum and be helpful, but many were running around like chickens with their heads cut off.
While the financial world reeled, one company stood out, standing strong and head fully intact: Modern Treasury.
This episode features Dimitri Dadiomov, the Co-Founder & CEO, and Julie Mullins, Head of Marketing & Communications, to discuss how they were able to navigate yet another black swan situation.
Fun fact that we cover in the show: a group of Black Swans is called a Bank. Can’t make this stuff up, folks!
Seems like a group of black swans in flight should be called a bank run, no?
Moving right along…
We talk about the emotions on the ground, MT’s unique access to data that allowed for the creation of a status page that created unique value for their customers and the entire industry, and the impact on their internal culture.
So much of it came down to communications from the outside. They nailed it, in my opinion.
We wrap up talking about their Transfer conference they held back in June. Watch here!
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Stay healthy, keep your head high, and I love you all,
Zach Anderson Pettet
@zachmovingaround on instagram