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Reliance Bank Taps Tamarack’s Scott Nelson for Advisory Board

July 08, 2021, 07:15 AM
Filed Under: Industry News

Tamarack Technology, Inc., a provider of independent software solutions in the equipment finance and commercial lending industry, announced its Chief Digital Officer Scott Nelson, PhD has been invited to join the advisory board for Faribault, MN-based Reliance Bank. In his role on the advisory board, Nelson will provide Reliance with guidance on adoption and advancement of digital technology.

“Reliance is a community bank that has grown rapidly building face-to-face relationships with our customers. But we realize that this approach isn’t enough anymore,” said Reliance Bank President Todd Markman. “Scott’s guidance will be instrumental in helping us evolve to meet our customer’s digital expectations. We couldn’t be more excited to have him along on this journey.”

A well-recognized expert in technology strategy and deployment including Internet of Things (IoT) connectivity, Nelson will help the company expand its services for customers through digital innovation with new offerings and the application of new technologies.

“What excites me about this is the opportunity to bring technology to another part of the financial world,” said Nelson. “In order to compete with large banks and fintech corporations, banks like Reliance must lean into technology. Reliance has both the culture and the entrepreneurial spirit that will benefit tremendously from digital technology.”

Nelson brings to Reliance advisory board more than 30 years of product development, product management and entrepreneurial business growth experience as a technology and business leader. Prior to Tamarack, he served as the Chief Product Officer and Vice President of Product at Digi International, a leading global provider of business and mission-critical IoT products and services. In his role, he defined the business strategy to drive growth by working closely with customers and marketing to understand needs and trends. He was named a “Titan of Technology” by the Minneapolis/St. Paul Business Journal in 2015.

A doctoral graduate of Cornell University, Nelson is a sought-after speaker and contributor on topics related to innovation, design thinking and digital transformation. His writings have appeared in Harvard Business Review, CIO Magazine, IoT World and numerous other media outlets. Nelson has also been a Mentor with Silicon Valley’s Alchemist Accelerator since 2014.

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