Taking IT to the Bank | Jeremy Almond at PayStand

Banking efficiency may not seem a matter of great importance to many, but when Jeremy Almond’s family lost their house in the wake of the 2008 financial crisis, he understood how inferior financial infrastructure can have devastating consequences. That’s in part why he formed PayStand, a company that aims to bring the ease of modern consumer transactions to the business world.

In this edition of UpTech Report, Jeremy talks with me about the challenges of implementing blockchain technology to financial behemoths, and some of the lessons he learned from early failures.

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Jeremy has spent the last 15 years in the tech-industry as a serial entrepreneur, startup adviser, and occasional investor. Jeremy has helped dozens of B2B companies drive adoption of digital commerce, and is still an active board member at a number of fintech companies.

He started his career in technology as an engineer at nanotech startup Digital Instruments, which was acquired by Veeco (NASDAQ: VECO). At Veeco he led architecture, helping the company shrink massive computers down to devices that now fit in our pockets. He also led their global ERP implementation (15 years ago) where he got his first glimpse into the challenges of enterprise payments.

He’s been thinking about how to use technology to innovate in B2B financial services ever since. Jeremy holds a BS in Computer Engineering from the University of California and a Masters in Business from the University of Massachusetts.




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