[bsims]

I've worked with several hundred regional banks and credit unions.

One thing people forget is that there are over 14,000 banks and credit unions across the country, not including the top 10. The challenges of regional FIs is dramatically different than that of large organizations. (Note, most comments on HN are from large banking backgrounds, very few from the other 14,000).

FWIW, the two themes I have seen emerge are:

1) Regional banks outsource a lot of their technology, often times leaving them with the inability to quickly adapt.

2) The regulatory environment drives technology and has created a gun shy approach to tech.

3) Most CEOs of banks and credit unions tend to have some type of finance background as opposed to technology.