E103: Katie Quilligan: BankTech Ventures

Show Notes: Female VC Lab Podcast

Episode: E103 - Katie Quilligan of BankTech Ventures

Host:

- Barbara Bickham

Guest:

- Katie Quilligan, Investor at BankTech Ventures

Episode Summary:

In this insightful episode, Barbara Bickham chats with Katie Quilligan, an investor at BankTech Ventures. Katie shares her journey from the operator side at American Express to becoming a venture capitalist, driven by her passion for supporting women entrepreneurs and bridging the funding gap. She discusses BankTech Ventures' strategic focus on aiding community banks by providing innovative fintech solutions to improve their efficiency and competitiveness. Katie delves into the current trends and challenges in the banking industry, especially the integration of AI and the importance of balancing innovation with regulatory compliance.

Key Points:

1. Journey to Venture Capital: Katie transitioned from a career in operations at American Express to venture capital to help women entrepreneurs secure funding.

2. BankTech Ventures’ Thesis: The fund aims to bridge traditional community banking with modern fintech solutions by acting as an R&D arm for over 100 community banks.

3. AI in Banking: Katie discusses the growing role of AI in banking, emphasizing its potential to streamline both front and back-office operations while navigating regulatory challenges.

Fun Facts:

1. Katie's first venture capital experience was with Petra Griffith at Wedbush Ventures in LA.

2. Community banks are responsible for over 60% of small business loans and more than 80% of agricultural loans in the U.S.

3. Katie likens the role of AI in banks to that of an intern, aiding in tasks but still requiring human oversight.

Contact Information:

- Katie Quilligan: LinkedIn or via email at katie@banktechventures.com

Podcast Links:

- Female VC Lab Podcast Website

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- Instagram: @FemaleVCLab

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