Commercial banking isn’t exactly known for being a warm and fuzzy business. Financial institutions provide a wide range of banking services to businesses large and small. However, existing banks and financial services providers often employ very standardized approaches that don't serve all businesses equally well. This is particularly apparent in commercial lending where start-ups and early-stage businesses, especially those with non-traditional business models (i.e. social enterprises), have great trouble securing financing. In this episode of the podcast, Jay-Ann Gilfroy, CEO of Vancity Community Investment Bank (VCIB) joins us to discuss the challenges in traditional commercial finance and how VCIB is inventing a kind, more purpose-driven approach. During our conversation, we also discuss VCIB's recent acquisition of
16 - Reinventing Commercial Banking for Good
16 - Reinventing Commercial Banking for Good
16 - Reinventing Commercial Banking for Good
Commercial banking isn’t exactly known for being a warm and fuzzy business. Financial institutions provide a wide range of banking services to businesses large and small. However, existing banks and financial services providers often employ very standardized approaches that don't serve all businesses equally well. This is particularly apparent in commercial lending where start-ups and early-stage businesses, especially those with non-traditional business models (i.e. social enterprises), have great trouble securing financing. In this episode of the podcast, Jay-Ann Gilfroy, CEO of Vancity Community Investment Bank (VCIB) joins us to discuss the challenges in traditional commercial finance and how VCIB is inventing a kind, more purpose-driven approach. During our conversation, we also discuss VCIB's recent acquisition of