Kimberly Fitzsimmons, CEO of Talus…Leadership exemplified. Our special curated series featuring “Women of Impact”
Welcome to Episode #10 of the “Bridges to Excellence” podcast.
This week’s episode features a compelling conversation with Kimberly Fitzsimmons, CEO of Talus.
Kim shares her journey of constant learning, fair and transparent leadership, and the unyielding drive for excellence. Highlights include…
- Kim’s Leadership Principles: The importance of being fair, maintaining transparency, embracing culture, and understanding details.
- Talus’s Achievements: Recognition by the Electronic Transactions Association and American Bankers as a top performer in the industry.
- Growth Strategies: Discussion about Talus’s recent acquisitions, Jobox.AI and Clarus, that have enhanced the company’s capabilities and customer offerings.
- Personal Insights: Kim’s upbringing in St. Louis, her early career in payments, and how pivotal moments shaped her path to success.
- Work-Life Balance: Her philosophy of unplugging and the significance of family support.
- Mentorship and Networking: The vital role of mentors like Diane Vote Faro in her career and the importance of building a professional network.
Join us for an engaging and insightful conversation where Kim offers actionable advice and deep dives into her personal and professional life, sharing her strategies for success and the challenges she faced along the way. Hosted by Desmond Nicholson, the episode is part of our curated series featuring women of impact in payments and FinTech.
Company website: https://taluspay.com
Transcript
You're listening to Bridges to Excellence.
2
:Inspired leadership in
payments and FinTech.
3
:Kim Fitzsimmons: I am a master and try
to challenge myself, no matter what role
4
:I've been in, I always want to learn.
5
:So I am a constant, learner
in constant learning mode.
6
:And I would say that over the
course of time, there's a couple
7
:of principles, that I have, carried
with me, being fair and transparent.
8
:Never underestimating the power of
9
:Culture.
10
:I'm not a micromanager, but
it is important at every role
11
:to understand the details.
12
:We have a saying here, and, of
course, being private equity
13
:backed, they, also have the same
mantra is if you don't measure it.
14
:It doesn't usually get done.
15
:So that's always the discipline that
I've had and carried with me here
16
:as well is what are we measuring?
17
:Let's make sure we've got
the right KPIs in place.
18
:We're measuring them and we're
executing against those and not
19
:being afraid to change along the way.
20
:Desmond Nicholson: That was Kimberly
Fitzsimmons, the CEO of Talus,
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:Talus, winner of the Electronic
Transactions Association Star Awards
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:for Independent Sales Organization of
the Year:
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:American bankers as one of the most
uential women in payments for:
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:Join us on the inside and lean in as
Kim answers the question of what makes
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:the difference when it comes to winning.
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:And there is much more.
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:The journey begins.
28
:Welcome to Bridges to Excellence podcast,
inspired leadership in payments and
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:fintech, bringing you conversations
with payments, most fascinating
30
:people on top of their game, leaders,
influencers, experts, and innovators.
31
:Each weekly episode turns our
guests wisdom into practical advice.
32
:Their personal journey starts now.
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:are meant to inspire and challenge
you to explore your possibilities.
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:Here is your host, Desmond Nicholson.
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:Desmond Nicholson: In this week's
episode, part of our curated series
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:featuring women of impact, we welcome
Kimberly Fitzsimmons, Chief Executive
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:Officer of Talus based in Dallas, Texas.
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:Talus is a payment processing solutions
company serving more than 22, 000
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:merchants in North America And process
65 million transactions with $9 billion
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:in annual charge, volume, and growing.
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:ppointed to her role in July,:Kim's payments journey began over 35
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:years ago, holding leadership roles
and executive positions at companies
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:such as Concord, EFS First Data.
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:Cynergy Data and JP Morgan.
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:Now in our fourth year at Talus, Kim has
spearheaded an aggressive growth strategy
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:through acquisitions, leveraging scale
and technology to compete at every level
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:in targeted verticals In her quest for
excellence and with an insatiable appetite
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:for winning Kim led Talus in capturing
the industry's coveted and prestigious
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:ETA Star Awards for Top ISO of the year.
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::in the payments industry.
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:Kim is the recipient of numerous honors
and accolades throughout her career,
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:including voted top 100 global sales
leader in:
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:from the Midwest Acquires Association.
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:And most recently, American Bankers
named Kim as one of the Most
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:Influential Women in Payments for
:
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:her corporate undertakings, Kim's
influence extends through her involvement
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:with key industry affiliations.
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:She served two terms as president of the
Electronic Transaction Association, where
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:she was on the board for nearly a decade
and is also past president of the Women
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:Networking in Electronic Transactions,
now rebranded as Paytech Women.
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:Join us as we dive deep into Kim's journey
with actionable takeaways along the way.
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:Enjoy the episode.
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:Kim, thanks for joining us and welcome
to the Bridges to Excellence podcast.
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:Kim Fitzsimmons: Thank you
for having me, Desmond.
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:It's great to see you.
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:Desmond Nicholson: Well, it's wonderful
to have you here catching up after
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:all these years, I was preparing
for this episode, it occurred to me
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:years ago in:first met as First Data colleagues.
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:And as you may recall, it was
during the transition period
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:of Concord EFS into First Data.
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:Following the acquisition,
two decades ago, Kim,
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:Kim Fitzsimmons: It was a long time and
neither one of us has aged a bit, Desmond.
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:Desmond Nicholson: I like that.
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:Well, first congratulations, Talus, was
the recent recipient of the prestigious
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:Star Awards as the:the Electronic Transactions Association.
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:Also.
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:ETA recognized Talus as one of
the industrie's, top 10 payments
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:ISVs for Talus mobile App.
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:But wait, there is more.
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:American Banker for:recognized you as one of The Most
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:Influential Women in Payments.
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:I might add, The fourth time
recipient of this honor.
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:So to you and your amazing
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:Kim Fitzsimmons: you.
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:Thank you.
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:It's been quite a year and, lots
of honors and recognition and,
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:Most of it goes to the team.
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:Desmond Nicholson: job.
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:Well done
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:Kim Fitzsimmons: Thank you.
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:Desmond Nicholson: Kim, besides,
uh, well earned bragging rights.
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:Do you mind sharing the
significance of these awards?
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:That is ISO of the year and the
top 10 payments, ISV category.
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:And what is it about your
company's culture that contributes
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:to earning these recognitions?
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:Kim Fitzsimmons: First of all, I think
that, the awards themselves, to me,
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:recognizes that the industry acknowledges
the fact that Talus, is differentiated,
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:that we're doing the right things
in the right manner, and that we're
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:headed in the right direction, both
from a product and company standpoint,
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:but also culturally to your point,
culture is a big underestimated,
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:factor within most companies.
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:And, uh,
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:Desmond Nicholson: with
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:Kim Fitzsimmons: have an
amazing culture here at Talus.
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:I was fortunate to, join
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:Desmond Nicholson: that have
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:Kim Fitzsimmons: team and certainly
have added a few sprinkled, a few,
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:people that I've worked with over
the years that have only enhanced it.
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:Desmond Nicholson: Great.
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:against that backdrop,
let's get right into it.
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:Kim, can you give us a quick introduction
overview of Talus, your functional role,
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:who you serve as customers and partners
in the payments fintech space, after
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:which we will then circle back later and
get into more details about the company.
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:Kim Fitzsimmons: Absolutely.
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:So Talus is a.
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:fully integrated end to end
payment services platform.
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:What that means is, especially after a
couple of acquisitions that we've done, is
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:that we serve anything from the small Main
Street America merchant, all the way up to
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:your most complex client, such as a B to B
type merchant, and everything in between.
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:in addition, we serve, technology
type companies like SAS based
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:engineer firms that are building
out payment facilitation.
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:these vertically specific, applications
that a, landscape company might use
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:or a field services company might use.
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:And what we're doing is giving a better
platform than what they have today.
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:So today there's payfacs.
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:What we're looking to do is take it to
the next level, better service, better
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:transparency around reporting and pricing.
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:Desmond Nicholson: Well done.
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:Now getting into the personal side,
start by sharing your backstory.
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:Your early life, where you grew up
and what your life was like growing
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:up and where you attended school.
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:Kim Fitzsimmons: I grew up in the Midwest.
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:I grew up in St.
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:Louis, Missouri.
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:born and raised.
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:Both my parents were
born and raised in St.
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:Louis.
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:So, not a whole lot of
relocation from my childhood.
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:I'd have to say it was your basic
middle America, mid class, upbringing.
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:My parents were very, strict
around certain values and teaching
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:me, and as well as my brother,
core values and expectations and
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:beliefs, and drive, to be honest.
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:That's really where I think it started.
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:I had my first job at 14 years old, not
because I was told to or I had to, but
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:I just picked up the phone and found
a nursing home and they were the only
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:ones that would hire a 14 year old.
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:So, aside from babysitting, I've
been working for a long time.
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:I went to, school at the
University of Mississippi.
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:The main reason that I went
there was because my parents
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:forced me to go out of state.
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:And at least five hours away for
the first year, they didn't want me
152
:to go to Mizzou, like the majority
of my friends from high school.
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:They wanted me to venture out,
and really find out who I was go
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:be independent, learn about life.
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:and what it's like to be on your own.
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:And I go back and kind of
think about that sometimes.
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:And it was difficult.
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:getting out of my comfort zone.
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:But man, it sure was a
pivotal point in my life.
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:I did the same thing to
both of my kids as well.
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:Desmond Nicholson: Good.
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:How and when did you get into payments?
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:Take us through the highlights
of your career progression and
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:your respective functional roles.
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:Kim Fitzsimmons: Sure.
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:So how I got into payments, people
laugh about it, but back in those
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:days, I answered an ad in a newspaper.
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:I needed a job.
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:I had a business degree and
I really just needed a job.
170
:So I answered an old school
newspaper ad and walked in with my
171
:paper resume and interviewed with a
company at the time called Concord
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:EFS based out of Memphis, Tennessee.
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:I worked there, doing nothing
more than telemarketing.
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:I had my, what I like to refer to as my
offical, some refer to it as a cubicle,
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:but in my mind it was an offical.
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:after six months I, gave my notice.
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:To at that time, one of my great
mentors at the Ed Labry, because
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:I wanted to be in management.
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:I wanted to do something different.
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:I had another role.
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:he likes to remind me that.
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:Aren't I glad he didn't let me quit
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:Desmond Nicholson: Mm hmm.
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:Kim Fitzsimmons: because he moved
me and gave me the opportunity
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:to be in management as opposed
to leaving the payments industry.
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:And I'm very grateful for that.
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:I went from Concord, I did have the
opportunity to have my own ISO with a
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:partner for 6 years back in the heyday
of when ISOs were, running rampant
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:s, early:was acquired back by Concord EFS.
190
:And within 12 months,
that's where you and I met.
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:and First Data had bought Concord EFS.
192
:I worked out the rest of my, contract
term with Concord at First Data.
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:Didn't expect to stay there.
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:but I was there eight years
and had a tremendous career.
195
:but after eight years, I decided
it was time to venture out
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:and really get uncomfortable
and go do something different.
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:So toughest conversation
I ever had to do is.
198
:Call Ed again and tell him that
I was leaving and going somewhere
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:else and I had the opportunity to
go be CEO at Cynergy Data, which was
200
:private equity backed at the time.
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:It was, a little bit of a turnaround.
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:We merged it with Priority Payments.
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:I took a couple months off after that
to decide what I wanted to do when I
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:grow up and was recruited by JP Morgan.
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:And spent five and a half years there.
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:I never thought I would go back
to a large company cause I had
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:so much fun when I was at Cynergy
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:Desmond Nicholson: talking
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:Kim Fitzsimmons: but I learned
something, when I was at J.
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:P.
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:Morgan,
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:Desmond Nicholson: to
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:Kim Fitzsimmons: wanted
international experience.
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:Desmond Nicholson: wanted
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:Kim Fitzsimmons: and I also wanted
to learn more end to end payments.
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:Desmond Nicholson: in
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:Kim Fitzsimmons: just acquiring,
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:Desmond Nicholson: I
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:Kim Fitzsimmons: which I did and
JPMorgan, of course, goes without
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:saying is a tremendous company,
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:Desmond Nicholson: but
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:Kim Fitzsimmons: culture,
great leadership.
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:Desmond Nicholson: do
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:Kim Fitzsimmons: but I found myself.
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:Desmond Nicholson: left in search of
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:Kim Fitzsimmons: running that speed boat
and exercising my decision making muscles.
227
:So once again, I, left in search of
what I wanted to do with my next, career
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:and came upon, Alvarez and Marsal was
looking for a leader here at, Talus
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:Desmond Nicholson: of an
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:Kim Fitzsimmons: and they
recruiter called me and
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:Desmond Nicholson: I'll
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:Kim Fitzsimmons: oddly enough,
it was seven exits from my
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:house here in Dallas, Texas.
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:And it was exactly what I was looking for.
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:So I was very blessed.
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:And, it's been four years this past Monday
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:Desmond Nicholson: Okay.
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:it's July,:
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:You're now the CEO of Talus Pay.
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:Kim Fitzsimmons: in the midst of COVID.
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:Desmond Nicholson: might add, yes,
in the midst of COVID 19 pandemic,
242
:a period of great uncertainty and
chaos, a challenging time for any
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:CEO, especially an incoming CEO.
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:So what was your first impression
the company when you arrived?
245
:Kim Fitzsimmons: So first thing
is, as you and anybody else that
246
:knows me, I'm a people person.
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:So I quickly recognized that
the incumbent team, was amazing.
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:I had a great set of existing talent,
but they had been in an interim
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:kind of influx status for a while.
250
:They just wanted a vision and.
251
:some leadership and they
were hungry for that.
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:so that was my first impression.
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:Great team.
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:The second thing was, there's literally
zero sales engine because they had,
255
:taken the opportunity as a result of
COVID to change the model completely.
256
:It used to be an old hundred
percent telesales to agent.
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:kind of churn and burn type model.
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:and it was time to change that.
259
:So they took the opportunity to do that.
260
:So when I showed up, there was no
organic growth, no go to market strategy.
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:It was exactly what I wanted.
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:a clean slate.
263
:And from there, it has been, one brick
and one block at a time of building that
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:organic growth strategy out over different
distribution channels, and acquisitions,
265
:Desmond Nicholson: Your diverse payments
industry experiences at that time you
266
:joined Talus were bag of small, medium
sized to large companies, the likes of
267
:EFS, Card Services, your entrepreneurial
venture, Concord, First Data, and JP
268
:Morgan, and of course, Cynergy Data.
269
:Now, with that being said, What were some
fundamental lessons learned along the way
270
:that prepared and shaped how you approach
your role at Talus in the beginning?
271
:Kim Fitzsimmons: I am a master and try
to challenge myself, no matter what role
272
:I've been in, I always want to learn.
273
:So I am a constant, learner
in constant learning mode.
274
:And I would say that over the
course of time, there's a couple of
275
:principles, that I have, carried with
me, a being fair and transparent.
276
:Never underestimating
the power of culture.
277
:I'm not a micromanager, but
it is important at every role
278
:to understand the details.
279
:We have a saying here, and, of
course, being private equity
280
:backed, they, also have the same
mantra is if you don't measure it.
281
:It doesn't usually get done.
282
:So that's always the discipline that
I've had and carried with me here
283
:as well is what are we measuring?
284
:Let's make sure we've got
the right KPIs in place.
285
:We're measuring them and we're
executing against those and not
286
:being afraid to change along the way.
287
:Desmond Nicholson: From what I've
read, when you first arrived at
288
:Talus, inorganic growth has always
been part of your strategy to
289
:gain size, scale, and technology.
290
:and todate, you have executed accordingly
with some recent acquisitions.
291
:With that in mind, to us about
Talus's acquired Jobox, AI, and
292
:the recent acquisition of Clarus.
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:value do they bring respectively
to Talus's portfolio?
294
:most importantly, how do they
serve your customers and partners?
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:Kim Fitzsimmons: As I had said, went four
years, we spent the first two years or
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:so really just focused on organic growth,
but you're right, inorganic growth is
297
:always something that we were looking for.
298
:we really spent a lot of time.
299
:Looking for the right acquisitions,
Clarus, we ended up closing 2 of them
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:in the 4th quarter of the same year.
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:Clarus was the 1st 1 in October Jobox.
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:A.
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:in December of:
304
:they were strategically important
to us for a couple of reasons.
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:They brought some vertical concentration
around field services industry from
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:Clarus, having, Large national retailer,
ABC Supply, as well as many other building
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:distribution type partners and companies.
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:And then Jobox AI, their technology
was originally focused on that
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:vertical on field services.
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:So the 2 of them together
were an ideal match.
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:and I'm thrilled that we were
able to execute both of them.
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:They're both great on
standalone, but together.
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:it's been great.
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:Desmond Nicholson: Having the
consolidation of Jobox and Clarus,
315
:and of course the associated
synergies, what is it about?
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:Talus is go to market proposition that
differentiate Talus among competitors.
317
:Kim Fitzsimmons: Again, it's
the technology we are post
318
:the Jobox AI, acquisition.
319
:We are truly an integrated
payments platform and we're
320
:taking it to the next level.
321
:So.
322
:Step 1 is to go and really go deep
and narrow and deep in that field
323
:services technology, but then step 2
is branching out into other industry
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:verticals and expanding that technology.
325
:But even more.
326
:the payment facilitation model has
been around for a couple of years now.
327
:Lots of, companies have made, tremendous
headway, in successful, acquisitions
328
:of merchants, tens of thousands and
hundreds of thousands of merchants
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:through the payment facilitation model.
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:What we've found is that
there's a gap there.
331
:And so we're taking our technology and
looking to improve upon that payment
332
:facilitation model and actually go
directly to the SAAS based developers and
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:engineers and give them an alternative
solution with better transparent
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:pricing, more profitable pricing and
complete transparency around reporting.
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:Can't disclose a whole lot more, but
we're definitely on the right path
336
:and it's really an exciting time.
337
:Desmond Nicholson: I got you.
338
:The company recently announced it
will be conducting business going
339
:forward using the master brand
name Talus instead of Talus Pay.
340
:What is the premise behind
this rebranding initiative?
341
:Kim Fitzsimmons: Yeah, so the premise is
really around just brand recognition and
342
:having that overarching umbrella brand
of Talus and taking the Jobox app and
343
:rebranding it as Talus Pay as a sub brand.
344
:if you look at a lot of the other
major companies, apples, a great
345
:example of that with the umbrella
brand and, not that we will ever
346
:have the home recognition and name
recognition as Apple does, but it's that
347
:same theory and concept is that we've
got a family of brands all under Talus.
348
:Desmond Nicholson:
Okay, let's switch gears
349
:Kim Fitzsimmons: Okay.
350
:Desmond Nicholson: Obviously there
are all kinds of leadership styles.
351
:How would you describe your style of
leadership the philosophy behind it?
352
:Okay.
353
:Kim Fitzsimmons: I'm not a micromanager.
354
:I operate at a hundred thousand
foot level as well as the details.
355
:So I will, manage from top to bottom.
356
:I do consider myself to be
fair, extremely transparent.
357
:Those are words you'll
hear me use over and over.
358
:I think it's important for every
employee to know the state of
359
:the business and how we're doing.
360
:So I have regular communication,
town halls, Monday emails that go
361
:out to the team, letting them know,
this is how we're doing financially.
362
:no matter what your role,
I think that's important.
363
:Desmond Nicholson: Now, over the
years, CEOs and business leaders
364
:have shared their thoughts on
the phrase work life balance.
365
:What does that mean to you?
366
:And would you phrase it differently?
367
:Kim Fitzsimmons: I wouldn't
phrase it any differently.
368
:I, preach work life balance.
369
:people on the team, when
they take vacation, I don't
370
:expect to see them on email.
371
:I think it's important
for individuals to unplug.
372
:I think they're better when
they come back to work.
373
:if they don't take time to completely
unplug, they're gonna get burned out.
374
:I also think that it's important to have
spouses, family, partners, whomever,
375
:when you're with them on a vacation,
they deserve that individual's time
376
:and attention, and if you don't have
that from the supporting cast at
377
:home, it also impacts the individual
employee when they come back to work.
378
:Desmond Nicholson: What aspect of
your personality do you think has
379
:been the most helpful in your career?
380
:Kim Fitzsimmons: Besides having red hair
and being pretty tenacious, I've had a
381
:couple people say, especially on the sales
aspect side, when I talk, we have new
382
:hires that come in and, we do training
classes and I get to talk to them and,
383
:I tell them I've never heard the word.
384
:No, in my entire career.
385
:Probably my entire life.
386
:My mother would say, I
never heard the word.
387
:No, I may process it is not right now.
388
:but I do have a tenacity.
389
:for lack of a better word, I believe
I, have a drive and a compassion
390
:for just continuing to move forward
one foot in front of the other.
391
:And I'm an odd bird, Desmond.
392
:I actually enjoy change.
393
:Desmond Nicholson: Okay.
394
:what has been your biggest challenge
as you climb the corporate ladder?
395
:Kim Fitzsimmons: I'd say,
that's a sensitive one.
396
:sadly, I'd say it's still, the lack of
diversity and inclusion of thought, it
397
:doesn't happen often, but I think it still
does happen where I may be discounted
398
:because of my gender out of the gate until
somebody gets to know me and the fact
399
:that I do know what I'm talking about.
400
:so that's been a challenge.
401
:I do see it diminishing, but
it's something that we all
402
:still need to, everybody.
403
:needs to work on.
404
:And I think about, diversity and
inclusion, not just as checking boxes, but
405
:it's the inclusion part of thinking about
our unconscious biases, and really just
406
:being more open to diversity of thought.
407
:Desmond Nicholson: Good.
408
:We've touched on this earlier,
but I've got to ask the question
409
:this way, what role mentorship
play in your professional life?
410
:And does any one person come to mind?
411
:Kim Fitzsimmons: I've had several
mentors, and advocates as well.
412
:I do think there's a difference
between mentors and advocates.
413
:certainly I mentioned Ed Labry
he kept me from quitting.
414
:35, 34 and a half years ago.
415
:Diane Vogt Faro is another one
that was a huge mentor, and
416
:critical person in my career path.
417
:she basically told me to
get out of my own way.
418
:she's the one that encouraged me to
get out in the industry outside of.
419
:the company and the four walls
that, at First Data build my own
420
:brand, get my name out there.
421
:So she was a huge advocate.
422
:and then of course, I always go back
to my parents that just instilled
423
:those core principles and values in me.
424
:Desmond Nicholson: Okay,
let's talk about networking.
425
:How important have your networks
and connections been in your
426
:career and overall success?
427
:Kim Fitzsimmons: Extremely important.
428
:the old phrase of it is who, you
know, sometimes, it's not what you
429
:know, but who, you know, that is true.
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:it's true throughout your career, no
matter, how long you've been at it.
431
:sometimes I'll get, somebody to answer
the phone because I know them, and they
432
:know me of my reputation or what have you.
433
:So I think a network is critical
to anybody's career path.
434
:Desmond Nicholson: Is there a
common theme in your career?
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:And if so, threads can we find between
the various things you have done?
436
:Kim Fitzsimmons: I go
back to probably change.
437
:I'm not afraid of change.
438
:I actually embrace it.
439
:a lot of times people think about a career
path is straight up a career ladder.
440
:I tend to pay it forward and
do a lot of mentorship myself.
441
:I enjoy that and the first thing
that I tell people is that the
442
:career ladder is not a straight line.
443
:It is typically zigzags.
444
:and my career path has done that.
445
:sometimes I would be in the same role and
just take on additional responsibility.
446
:So, not being afraid to get out of
my comfort zone, I think is a common
447
:theme, not being afraid of change.
448
:And challenges, and really just
taking things head on, believing in
449
:myself, if not me, who, if I don't
believe in myself, and if you don't
450
:believe in yourself, Desmond, who
else is going to believe in us,
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:Desmond Nicholson: Words of wisdom.
452
:Now, keeping in mind two of your
most recent accolades, achievements.
453
:they are ETA star award for:of the year, American banker,:
454
:most influential women in payments.
455
:Fourth time, I might add, in your opinion,
what are some key factors that make the
456
:difference when it comes to winning?
457
:Kim Fitzsimmons: Certainly,
my reputation, my career path,
458
:and I have been successful.
459
:I've been very blessed to
have a successful career.
460
:I also think it is the network
going back to networking.
461
:if Diane, Faro had not told me to
get out of my own way and go build my
462
:brand within the industry, I don't know
that, anybody from American, Bankers
463
:would have even known who I was.
464
:So, I think it is networking, and then
certainly you have to have a successful
465
:career and, a good reputation, one
of the core founding principles in
466
:business is, both personal and business.
467
:I think most people learned in either
Sunday school or elementary school.
468
:And it's the golden rule of
just doing unto others as
469
:you want them to do unto you.
470
:And I lived my life that way.
471
:Desmond Nicholson: Given your experience,
what advice would you give to women just
472
:coming into the payments fintech industry?
473
:Kim Fitzsimmons: I mentor a lot of
women, as I had said, I would give them
474
:the same advice that Diane gave me.
475
:Go build your network, look for mentors
and advocates, really advocates within
476
:your internal organization, look
for mentors, not just internally,
477
:but externally it takes time.
478
:And as we know, most women
are wives and mothers.
479
:So they have other
responsibilities outside of work.
480
:So asking them to do something outside
extracurricular may or may not be
481
:the right time, but it's important
to get out there and, be involved
482
:in Paytech Women and ETA and other
organizations, even outside of payment.
483
:Get involved in local chambers of
commerce or local women networks or
484
:any network, but just be involved.
485
:Desmond Nicholson: What can women
in the payments industry do to
486
:advance when they feel stuck in
a place on the career ladder?
487
:Kim Fitzsimmons: They can
always look for an advocate.
488
:the other thing, and I'll probably
rephrase it a little bit, answer your
489
:question that you probably didn't ask,
but because I'm a strong advocate for
490
:women and advancement, I think it's
got to be the woman has to know what
491
:it is when we go circle back to work
life balance, what's most important
492
:to her, and understanding her own
personal desire for success, and not
493
:let other outside influences tell her.
494
:What that definition
of success looks like.
495
:So I will give you an example.
496
:My career didn't really take off
because I didn't travel a whole
497
:lot when my kids were younger.
498
:That was a personal choice.
499
:I didn't want to.
500
:miss out when they were younger.
501
:Could I have done more if
I had done that sooner?
502
:Maybe, maybe not.
503
:I've been blessed, but I absolutely
would tell every woman to make sure
504
:that she knows what is important to her
and her personal definition of success.
505
:Desmond Nicholson: Good.
506
:what do you see as the biggest threat
to the payments industry right now?
507
:And conversely, what is
the biggest opportunity?
508
:Kim Fitzsimmons: So the biggest
opportunity of course, is technology.
509
:That's obvious frictionless
payments, embedded payments, we
510
:as consumers demand immediate.
511
:ease frictionless.
512
:We don't even want to know
that we're making a payment.
513
:It needs to be seamless
and behind the scenes.
514
:I think, technology is also the biggest,
threat because of things are moving so
515
:rapidly, we had the big, technology snafu
this morning, that impacted industries,
516
:airlines, banks around the world.
517
:So I think technology can
also be the biggest threat.
518
:I think the biggest opportunity,
however, is artificial intelligence.
519
:And when we think about the use of
artificial intelligence in the way of
520
:security, risk management, preventive,
proactive retention type efforts,
521
:when you're thinking about your
business, attrition rates, I think
522
:artificial intelligence is definitely
a huge opportunity, as well as, APIs.
523
:Desmond Nicholson: me is
524
:Kim Fitzsimmons: API technology, and I am
the furthest thing from a technologist.
525
:Desmond Nicholson: reflect
526
:Kim Fitzsimmons: to me is like
cut and paste, but it does provide
527
:Desmond Nicholson: enable,
528
:Kim Fitzsimmons: a seamless
529
:Desmond Nicholson: can
530
:Kim Fitzsimmons: companies like ours to
be able to embed things besides payments,
531
:Desmond Nicholson: um,
532
:Kim Fitzsimmons: deposit accounts,
533
:Desmond Nicholson: it
534
:Kim Fitzsimmons: insurance,
535
:Desmond Nicholson: the world of
536
:Kim Fitzsimmons: Like you can
run a business and seamlessly
537
:embed mobile wallets.
538
:Any type of, P2P type transactions.
539
:It just opens up the world of what could
be the possibility, beyond payments.
540
:Behind acquiring, right?
541
:Credit and debit.
542
:Desmond Nicholson: Indeed.
543
:what are you most excited
about Talu's future?
544
:Kim Fitzsimmons: I am most
excited about our roadmap.
545
:The acquisitions that we have done in
the fourth quarter, that I referenced,
546
:we are in execution mode head down.
547
:We've got a game plan and
a strategy, and we are just
548
:crushing it, building a pipeline.
549
:And it is just really exciting.
550
:I don't want to divulge too much,
but we are in the midst of really.
551
:Turning out something I think will
be a little bit different than
552
:what's the norm in the industry.
553
:Desmond Nicholson: Well,
looking forward to that.
554
:us in suspense.
555
:what keeps Kim up at night?
556
:Kim Fitzsimmons: get an average
of four to five hours of
557
:sleep a night on a good night.
558
:It's never uninterrupted.
559
:So, you know, two hours in a
clip, what keeps me up, it varies.
560
:So there's always something going
on personally or professionally
561
:that will keep my wheels turning.
562
:And then the other piece of it, if
there's not something that's keeping my
563
:wheels turning, then it's the excitement,
excitement about the next day and what
564
:lies ahead around the corner the next day.
565
:I'm a pretty, excited, happy person
about waking up in the morning and let my
566
:feet hit the ground and off and running.
567
:Desmond Nicholson: Good.
568
:given your distinguished career and
stellar accomplishments so far, and
569
:with so much more runway ahead of you,
I had to ask this question, Kim, who
570
:do you ultimately aspire to become?
571
:Kim Fitzsimmons: I don't know if
it's who, but what I never say never.
572
:I've learned that in my career.
573
:I'd like to take my experiences that
I have honed my skill sets and I'd
574
:like to take them beyond payment.
575
:So, potentially serving on different
boards in an advisory capacity or
576
:a board of directors capacity I see
so many times companies that really
577
:truly don't know how to motivate.
578
:individual team members, especially
sales growth oriented companies.
579
:and so I think, I'd like to take my
experience in being able to motivate
580
:individuals, being able to architect a
compensation and incentive type plans
581
:beyond outside of the payments industry.
582
:Desmond Nicholson: We'll be right back.,
583
:The lightning round bridges to
excellence inspired leadership
584
:in payments and fintech.
585
:Desmond Nicholson: Kim, lightning round.
586
:Kim Fitzsimmons: Okay.
587
:Desmond Nicholson: I pose the following
rapid fire questions and you respond
588
:with a single word or a sentence or two.
589
:What does success mean to you?
590
:Kim Fitzsimmons: That my
children are productive adults.
591
:Desmond Nicholson: What is the
one thing you have never done,
592
:but I've always dreamt of doing?
593
:Kim Fitzsimmons: skydiving.
594
:I don't know that I ever
will, but skydiving.
595
:Desmond Nicholson: Okay.
596
:What is the best career
advice you have ever received?
597
:Kim Fitzsimmons: It was the advice
from Diane Faro get out of my way,
598
:go build my brand, go network.
599
:Desmond Nicholson: How would you
define yourself in one or two words?
600
:Kim Fitzsimmons: Driven,
601
:Desmond Nicholson: Okay.
602
:Kim Fitzsimmons: driven, driven.
603
:Desmond Nicholson: What is the
one talent you wish you had?
604
:Kim Fitzsimmons: Gosh, that's a tough one.
605
:one talent I wish, I wish I could sing.
606
:Desmond Nicholson: What is the cause
that is important to you and why?
607
:Kim Fitzsimmons: St.
608
:Jude has always been,
an important charity.
609
:for me primarily, I spent
28 years in Memphis.
610
:most recently it has a personal,
meaning, my boyfriend of three years
611
:lost his son to cancer at the age of 17.
612
:cancer is a horrible disease.
613
:And it really truly is just not
something that a child should go through.
614
:Desmond Nicholson: What is one
thing the people you work with
615
:would be surprised to learn?
616
:Kim Fitzsimmons: Oh gosh.
617
:They'd probably be surprised to
learn how much reality TV I watch.
618
:That's my mental escape from everything.
619
:Desmond Nicholson: Okay.
620
:And finally, what drives Kim?
621
:Kim Fitzsimmons: My family,
the people around me, my team.
622
:I really get a lot of, pleasure,
self satisfaction from seeing
623
:others succeed, and their happiness.
624
:That's what drives me.
625
:Desmond Nicholson: Now, Kim,
it's been great catching up
626
:and having you on the show.
627
:there anything you want to add
or we didn't mention that it's
628
:important for you to talk about?
629
:Kim Fitzsimmons: I don't know,
Desmond, I don't think so.
630
:I think you covered the gamut.
631
:It's been great catching
up with you as well.
632
:really, really proud of, everything
that you have going on here
633
:with Bridges to Excellence.
634
:it's tremendous.
635
:I appreciate you inviting me,
to just chit chat with you.
636
:Desmond Nicholson: Kim, again.
637
:We thank you and that's our
conversation for this week.
638
:Our guest, Kimberly Fitzsimons, CEO of
Talus payment technology your business.
639
:And to our listeners, as always,
thank you for your time and never
640
:forget the more you expect from
yourself, the more you excel.
641
:You've been listening to Bridges
to Excellence podcast, inspired
642
:leadership and payments and fintech.
643
:Be sure to join us next time for more
conversations with another of your
644
:colleagues in payments and fintech.
645
:Insightful conversations in their
journey to excellence for transcripts
646
:and other materials covered on the show.
647
:Visit us at DesmondNicholson.
648
:com.