I had the pleasure of having a conversation with Brent Engelman over at Capital Code on whether or not you should build or buy your finance tech stack. We went into detail on what business owners can expect from each strategy and what path might be best depending on the goals of the finance company.

Build Your Own Finance Tech Stack
Building your own finance dedicated teck stack requires time and knowledge.  I can confidently say that building your own tech, even with AI these days, requires lots of experience.  The dark rabbit hole that is development has unforeseen swamps and valleys.  Even for the most experience, development can give them a good run of trial and error.  The sang I always say is “if you can’t show me a business plan for being a tech company, building tech is go to be tough.”

Buy Your Finance Tech Stack
If you have the plans to be a finance or fintech company, using the tools that are out there can get you from point A to be point B quite a bit faster.  This comes to be very true when startups want to prove concept on a new idea or business model.  Several SaaS platforms also have robust API’s that essentially allow you to build what you want.

Trey Markel

Trey Markel is the VP of Sales & Marketing and was one of the first three employees hired at Centrex Software when it was founded back in 2015. Trey has spent his entire career in FinTech and helping business owners solve simple and complex problems with software and technology. Trey has a bachelor of science degree in business administration from University of the Pacific.