- Video 1: What advice would you give a startup working with a large organization like Bank of America?
Kirk Haslbeck, Vice President of Engineering and Data Quality, Collibra - Video 2: What do you believe future founders in tech need to succeed and make an impact?
Aaron Samuels, Founder and Managing Partner, Collide Capital - Video 3: What is observability and how does it apply to organizations large and small?
Clint Sharp, CEO, Cribl
video
Technology Innovation Summit 2022
Annual gathering of industry leaders in Silicon Valley
Our 12th Technology Innovation Summit gathered industry leaders from private companies and VCs, along with our banking and technology executives to explore potential partnerships, discuss market trends and priorities for the future. We asked these leaders their thoughts on trends and outlook.
A view from the experts
[Music in background throughout]
[Various shots of summit attendees mingling and attending presentations]
On screen copy:
Bank of America® logo
Technology Innovation Summit 2022
On screen copy:
What advice would you give a startup working with a large organization like Bank of America?
[Kirk Haslbeck standing outside with main presentation area in background]
On screen copy:
Kirk Haslbeck
Vice President of Engineering and Data Quality, Collibra
The advice I would give to a startup, uh- clearly, having been there not too long ago now is, uh, to be very specific and very niche in what they do and be very clear, I think, in what the outcome would be and try to get that first time to value quickly—with somebody the size of Bank of America—and demonstrate what that is and then scale up from there, instead of trying to boil the ocean, uh- with many groups at the same time, or with a wide range of feature set.
On screen copy:
Bank of America® logo
On screen disclosures:
Kirk Haslbeck is not affiliated with Bank of America Corporation and is solely responsible for the information he presents on this video.
“Bank of America” and “BofA Securities” are the marketing names used by the Global Banking and Global Markets divisions of Bank of America Corporation. Lending, other commercial banking activities, and trading in certain financial instruments are performed globally by banking 3 affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Trading in securities and financial instruments, and strategic advisory, and other investment banking activities, are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp., both of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA.
Investment products offered by Investment Banking Affiliates:
Are Not FDIC Insured | Are Not Bank Guaranteed | May Lose Value |
© 2022 Bank of America Corporation. All rights reserved.
[End of transcript]
[Music in background throughout]
[Various shots of summit attendees mingling and attending presentations]
On screen copy:
Bank of America® logo
Technology Innovation Summit 2022
On screen copy:
What do you believe future founders in tech need to succeed and make an impact?
[Aaron Samuels standing outside with main presentation area in background]
On screen copy:
Aaron Samuels
Founder and Managing Partner, Collide Capital
At Collide Capital, we believe that the next generation of great founders will be intersectional in nature. We look for founders that pull from a diversity of experiences ranging from academic backgrounds, professional backgrounds, um, racial and gender um, and ethnic makeup and lived experience.
We believe that founders who can pull from multiple disparate types of identities and experiences will represent the next generation of founders that will be solving problems in the future.
On screen copy:
Bank of America® logo
On screen disclosures:
Aaron Samuels is not affiliated with Bank of America Corporation and is solely responsible for the information he presents on this video.
“Bank of America” and “BofA Securities” are the marketing names used by the Global Banking and Global Markets divisions of Bank of America Corporation. Lending, other commercial banking activities, and trading in certain financial instruments are performed globally by banking 3 affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Trading in securities and financial instruments, and strategic advisory, and other investment banking activities, are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp., both of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA.
Investment products offered by Investment Banking Affiliates:
Are Not FDIC Insured | Are Not Bank Guaranteed | May Lose Value |
© 2022 Bank of America Corporation. All rights reserved.
[End of transcript]
[Music in background throughout]
[Various shots of summit attendees mingling and attending presentations]
On screen copy:
Bank of America® logo
Technology Innovation Summit 2022
On screen copy:
What is observability and how does it apply to organizations large and small?
[Clint Sharp standing outside with main presentation area in background]
On screen copy:
Clint Sharp
CEO, Cribl
Observability is the ability to ask and answer any question of your data, and that's even questions you haven't planned in advance. And the reason why that's so critical is “What is my experience with your organization?”
For- and take it, for example, digital transformation. Now, when I'm interacting with an organization like Bank of America, everything’s happening digitally. I'm working inside of an application, and my experience with Bank of America is only as good as the worst user's experience.
If I have a problem, you need to be able to ask, “What was Clint's experience with my application?” And so being able to troubleshoot down to the end user level really gives us an ability to make sure that everybody is getting a great experience interacting with our post-digital transformation organizations.
On screen copy:
Bank of America® logo
On screen disclosures:
Clint Sharp is not affiliated with Bank of America Corporation and is solely responsible for the information he presents on this video.
“Bank of America” and “BofA Securities” are the marketing names used by the Global Banking and Global Markets divisions of Bank of America Corporation. Lending, other commercial banking activities, and trading in certain financial instruments are performed globally by banking 3 affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Trading in securities and financial instruments, and strategic advisory, and other investment banking activities, are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp., both of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA.
Investment products offered by Investment Banking Affiliates:
Are Not FDIC Insured | Are Not Bank Guaranteed | May Lose Value |
© 2022 Bank of America Corporation. All rights reserved.
[End of transcript]
Market perspective on technology banking
- Video 1: What questions should a company ask themselves when considering an IPO?
Neil Kell, Head of Global TMT Equity Capital Markets, Bank of America - Video 2: What are the key considerations for tech companies looking to acquire others?
Johnny Williams, Co-head of Global Technology Investment Banking, Bank of America
[Music in background throughout]
[Various shots of summit attendees mingling and attending presentations]
On screen copy:
Bank of America® logo
Technology Innovation Summit 2022
On screen copy:
What questions should a company ask themselves when considering an IPO?
[Neil Kell standing outside with main presentation area in background]
On screen copy:
Bank of America® flagscape symbol
Neil Kell
Head of Global TMT Equity Capital Markets
I think the biggest difference in being public versus private is- is two-fold.
Obviously, you have a different investor base. Your constituents are now broader and public market investors and retail investors. So, are you as a management team, ready to spend incremental time engaging and interacting with that constituent?
So, the- the second question of relevance is, “Are you in a position where your decisions, your initiatives—whether it’s growth, acquisitions, where you want to spend an incremental capital—are you- are you in a position where you’re willing to do that in a public domain and undergo the scrutiny of your existing shareholders for that decision?”
That's- that's easier said than done. So, have you developed to the point where you're also ready to do that?
On screen copy:
BofA Securities® logo
Bank of America® logo
On screen disclosures:
“Bank of America” and “BofA Securities” are the marketing names used by the Global Banking and Global Markets divisions of Bank of America Corporation. Lending, other commercial banking activities, and trading in certain financial instruments are performed globally by banking 3 affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Trading in securities and financial instruments, and strategic advisory, and other investment banking activities, are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp., both of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA.
Investment products offered by Investment Banking Affiliates:
Are Not FDIC Insured | Are Not Bank Guaranteed | May Lose Value |
© 2022 Bank of America Corporation. All rights reserved.
[End of transcript]
[Music in background throughout]
[Various shots of summit attendees mingling and attending presentations]
On screen copy:
Bank of America® logo
Technology Innovation Summit 2022
On screen copy:
What are the key considerations for tech companies looking to acquire others?
[Johnny Williams standing outside with main presentation area in background]
On screen copy:
Bank of America® flagscape symbol
Johnny Williams
Co-Head of Global Technology Investment Banking
I think the biggest consideration is, one, “Is this going to get them into a new market or give them access to new customers that they don't already have?”
Companies are always looking to, uh, acquire companies that might help them reaccelerate their growth rates, especially if it’s a larger company. Now, that would require acquisitions of scale, um and there's not too many of those out there.
But they- the calculation that they have to make is, you know, “Is this company and this product in our machine, our sales machine, something that we’re going to be able to greatly accelerate, uh, from the current growth levels?”
And I think that, uh, when they- the answer is “yes,” you’ll see companies get quite aggressive on the M&A side.
On screen copy:
BofA Securities® logo
Bank of America® logo
On screen disclosures:
“Bank of America” and “BofA Securities” are the marketing names used by the Global Banking and Global Markets divisions of Bank of America Corporation. Lending, other commercial banking activities, and trading in certain financial instruments are performed globally by banking 3 affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Trading in securities and financial instruments, and strategic advisory, and other investment banking activities, are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp., both of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA.
Investment products offered by Investment Banking Affiliates:
Are Not FDIC Insured | Are Not Bank Guaranteed | May Lose Value |
© 2022 Bank of America Corporation. All rights reserved.
[End of transcript]
Digital evolution in enterprise tech
- Video 1: How does Bank of America motivate teams to innovate at such tremendous scale?
Aditya Bhasin, Chief Technology & Information Officer, Bank of America - Video 2: Why is it so important to prioritize diversity in all forms in technology roles?
Michelle Boston, Global Technology Data Management Executive, Bank of America - Video 3: Why is it so important to hire neurodiverse employees?
Craig Froelich, Chief Information Security Officer, Bank of America - Video 4: How will data solutions benefit the bank and its customers in the future?
Hari Gopalkrishnan, Chief Information Officer, Bank of America
[Music in background throughout]
[Various shots of summit attendees mingling and attending presentations]
On screen copy:
Bank of America® logo
Technology Innovation Summit 2022
On screen copy:
How does Bank of America motivate teams to innovate at such tremendous scale?
[Aditya Bhasin standing outside with main presentation area in background]
On screen copy:
Bank of America® flagscape symbol
Aditya Bhasin
Chief Technology and Information Officer
We have a diverse team of 60,000 technologists with an ambitious curiosity and an appetite for continuous improvement that's focused on client-focused innovation.
All of our teammates are motivated by that passion to create cutting-edge innovation that truly improves our clients’ lives. And our technologists are deeply aligned to the needs of those clients in our eight lines of business, which means every day is an opportunity to bring their expertise together with product, user experience, and operations teammates from across the company to design and deploy disruptive technology at scale.
We help fuel their passion by equipping them with tools and opportunities to innovate in ways that have a meaningful impact on our company, our clients, and their careers.
And in fact, we count on that.
Our teammates’ unrelenting commitment to making financial lives better is their motivation. And their motivation has been the catalyst for our patent-winning innovations and our industry-leading capabilities for clients and teammates.
On screen copy:
Bank of America® logo
On screen disclosures:
“Bank of America” and “BofA Securities” are the marketing names used by the Global Banking and Global Markets divisions of Bank of America Corporation. Lending, other commercial banking activities, and trading in certain financial instruments are performed globally by banking 3 affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Trading in securities and financial instruments, and strategic advisory, and other investment banking activities, are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp., both of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA.
Investment products offered by Investment Banking Affiliates:
Are Not FDIC Insured | Are Not Bank Guaranteed | May Lose Value |
© 2022 Bank of America Corporation. All rights reserved.
[End of transcript]
[Music in background throughout]
[Various shots of summit attendees mingling and attending presentations]
On screen copy:
Bank of America® logo
Technology Innovation Summit 2022
On screen copy:
Why is it so important to prioritize diversity in all forms in technology roles?
[Michelle Boston standing outside with main presentation area in background]
On screen copy:
Bank of America® flagscape symbol
Michelle Boston
Global Technology Data Management Executive
Yeah. Diversity is critical to the bank's success. It's that simple.
We have to have associates, especially in technology, that represent the diverse views of all of our communities and the clients we serve. Without diversity, we really can't understand what kind of products we should innovate, what kind of capabilities we should deliver in technology.
And we need those diverse voices, whether it's gender or experience or race or ethnicity or the LGBT community. All of those voices should come to bear on our products and services.
On screen copy:
Bank of America® logo
On screen disclosures:
“Bank of America” and “BofA Securities” are the marketing names used by the Global Banking and Global Markets divisions of Bank of America Corporation. Lending, other commercial banking activities, and trading in certain financial instruments are performed globally by banking 3 affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Trading in securities and financial instruments, and strategic advisory, and other investment banking activities, are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp., both of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA.
Investment products offered by Investment Banking Affiliates:
Are Not FDIC Insured | Are Not Bank Guaranteed | May Lose Value |
© 2022 Bank of America Corporation. All rights reserved.
[End of transcript]
[Music in background throughout]
[Various shots of summit attendees mingling and attending presentations]
On screen copy:
Bank of America® logo
Technology Innovation Summit 2022
On screen copy:
Why is it so important to hire neurodiverse employees?
[Craig Froelich standing outside with main presentation area in background]
On screen copy:
Bank of America® flagscape symbol
Craig Froelich
Chief Information Security Officer
Well, I think the first thing- let's start with the fact that diversity of all kinds is critical to the success of all companies. And neurodiversity is one of those elements that I don't think we've necessarily done a good job as an industry tapping into.
If you just look at the data, eight out of every nine adults are either underemployed or unemployed.
And when you think about the types of challenges we have in technology, neurodivergent talent has an ability to be able to solve problems in ways that neurotypical people do not.
So in an environment where we have—and certainly in the case of cybersecurity where we have negative unemployment marketplace—why would we not want to go get amazing talent to bring into the organization that brings a unique and new perspective to the table?
On screen copy:
Bank of America® logo
On screen disclosures:
“Bank of America” and “BofA Securities” are the marketing names used by the Global Banking and Global Markets divisions of Bank of America Corporation. Lending, other commercial banking activities, and trading in certain financial instruments are performed globally by banking 3 affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Trading in securities and financial instruments, and strategic advisory, and other investment banking activities, are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp., both of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA.
Investment products offered by Investment Banking Affiliates:
Are Not FDIC Insured | Are Not Bank Guaranteed | May Lose Value |
© 2022 Bank of America Corporation. All rights reserved.
[End of transcript]
[Music in background throughout]
[Various shots of summit attendees mingling and attending presentations]
On screen copy:
Bank of America® logo
Technology Innovation Summit 2022
On screen copy:
How will data solutions benefit the bank and its customers in the future?
[Hari Gopalkrishnan standing outside with main presentation area in background]
On screen copy:
Bank of America® flagscape symbol
Hari Gopalkrishnan
Chief Information Officer
Now as we continue to see a explosion in data, that have access to—that our customers are willing to share with us—what we see is an opportunity for us to use compute power, to use all the processing advantages and storage advantages, and to deliver great insights to our customers.
And so I think that the ability for us to continue to process data at scale and to be able to use that—using machine learning and AI driven algorithms—to actually drive impactful insights to our customers and clients is something we're looking forward to.
On screen copy:
Bank of America® logo
On screen disclosures:
“Bank of America” and “BofA Securities” are the marketing names used by the Global Banking and Global Markets divisions of Bank of America Corporation. Lending, other commercial banking activities, and trading in certain financial instruments are performed globally by banking 3 affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Trading in securities and financial instruments, and strategic advisory, and other investment banking activities, are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp., both of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA.
Investment products offered by Investment Banking Affiliates:
Are Not FDIC Insured | Are Not Bank Guaranteed | May Lose Value |
© 2022 Bank of America Corporation. All rights reserved.
[End of transcript]
