After years of successfully standing up against the Core IT oligopoly to secure more equitable contracts – one institution at a time, Paladin fs saw the opportunity to leverage the collective negotiating power of large groups of financial institutions.
Fed up with the way that community banks and credit unions were being out-smarted and out-maneuvered in one-on-one negotiations, Paladin CEO Aaron Silva has teamed up with Pillsbury LLP, the leading IT contract negotiation law firm in the world, to create the Golden Contract Coalition (GCC).
Bringing together banks, credit unions and their trusted business partners, the GCC was formed to address Core vendor contract disparities from one institution to another. The coalition aims to level the playing field by creating a fair standard agreement only accessible to GCC members.
The Golden Contract will strip excessive legalese and self-serving conditions from Core IT agreements and pricing. By dictating the master commercial terms and legal conditions by which all Core providers must abide, the Golden Contract puts the power back in the hands of the community institutions and much-needed money onto their bottom line.