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TMCNet:  Banno Adds Director of Product Strategy, Derik Sutton

[December 10, 2013]

Banno Adds Director of Product Strategy, Derik Sutton

CEDAR FALLS, Iowa --(Business Wire)--

Banno (@BannoHQ) a provider of data-enriched Web and transaction marketing services for financial institutions, has introduced Derik Sutton as director of product strategy. His rich core banking experience will help Banno realize the full potential of its products in emerging markets. Reporting directly to Ben Metz, Banno's CTO, Sutton's focus will span channel integration, consumer experience and data analytics.

"Banno's product culture is to foster innovative ideas and quickly execute," Sutton said. "Advancements in data analytics, mobile banking and online delivery channels will create new market opportunities in the financial services industry. Banno is uniquely positioned to identify those newmarket opportunities and deliver innovative products. I am excited to become part of the Banno culture, where I can apply my acquired industry knowledge to execute on product development and delivery."


Sutton has spent 14 years in financial technology with specialties in product strategy, business development and strategic alliances. Throughout his career, he has gained experience in core and ancillary bank product sales that will be invaluable to Banno, and also has close exposure to account management, team building and product strategy. Sutton is a respected leader in his field, speaking regularly at industry conferences and events to educate financial institutions on the value and relevance of digital banking offerings.

Ben Metz (@metzben), CTO of Banno, stated, "Derik brings new understanding around core banking technologies to my team, which adds a more profound dimension to our product strategy and really to all of Banno. He will set us down a path to create deeper value in the solutions we deliver, and I expect his contributions to be a catalyst for Banno in additional growth, visibility and innovation in the mobile market."

Previously, Sutton held multiple leadership positions at Computer Services Inc. (CSI (News - Alert)), most recently as the director of business development for its Meridian Division. In his two years with the Internet banking product, CSI established a successful line of business, consistently delivered market relevant products and forged valued partnerships.

About Banno

Banno's enabling technologies unlock unrealized financial opportunities. Through Banno's proprietary data-enrichment and interpretation platform, financial service providers and their customers can identify, engage and retain their most valuable relationships.

To learn more, connect with us at www.Banno.com.


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