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Summary
In this episode of Startup Junkies, the focus is on navigating banking challenges using technology, featuring Joe Ehrhardt, CEO of Teslar Software. Host Caleb Talley, alongside co-hosts Daniel Koonce and Jeff Amerine, delves into the significance of ethical business practices and the integral role of technology in modernizing community banks.
Teslar Software is a forward-thinking technology company out of Springdale, Arkansas with a focus on software solutions for financial institutions. Created to help the FDIC post-2008 financial crisis, Teslar has pivoted to assisting community banks in modernizing their services, especially in consumer lending. Joe explains the necessity for community banks to invest in technology to remain competitive, noting the decline in traditional networking and the rising demand for online services, particularly among younger consumers.
Throughout the episode, Joe emphasizes the importance of trust, initiative, and long-term impact in Teslar’s operational philosophy, aiming to empower community banks and promote sustainable tech ecosystems. Additionally, Joe highlights the importance of building a company culture that prioritizes long-term relationships with customers and ethical decision-making, even if it doesn’t yield immediate returns. The discussion highlights the supportive ecosystem of Northwest Arkansas, known for its community-driven values. Tune in today!
Show Notes
(0:00) Introduction
(1:04) Joe’s Origin Story
(7:16) About Teslar Software
(9:30) How Teslar Has Integrated Into Community Banks
(19:53) The Solutions Teslar Software Provides
(22:43) Community Banks’ Investment in Technology
(23:31) The Current Health Status of Community Banks
(26:22) Teslar’s New Space in Springdale
(28:29) Building a Strong Company Culture
(31:15) Advice to Younger Self
(34:29) Closing Question
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