Movemint Symposium 2026: Santo Cannone (Demopolis Equity Partners)

Santo Cannone says he has been with Demopolis Equity Partners for the last couple of years, where the firm focuses almost entirely on fintech. He also serves as board chair for Movemint, a company acquired by Demopolis and made independent after previously being known as TruStage Digital Storefront.

He says Movemint’s strategy is to help credit unions find the right relationships and deepen them by presenting the right offer at the right moment through the right channel. He adds that the company also plans to make it easier for credit unions to monitor and develop marketing programs on the Movemint platform.

Cannone describes the broader Demopolis portfolio as including four companies. Tyfone is a digital banking platform, Payfinia is a real-time payments platform connected to FedNow and Zelle, Nuuvia is a lifecycle relationship banking product focused first on youth banking, and Movemint is the fourth piece of the group. He says the companies are intended to work together, while still remaining open to other solutions and without exclusivity.

As one example, he says Movemint and Nuuvia could be combined so credit unions can market youth accounts and then manage them through Nuuvia.

On payments, Cannone says faster and cheaper payment options will likely reduce interchange revenue over time, including through legislation. He says credit unions should focus on staying relevant to consumers and finding other ways to generate revenue or deepen relationships.

Looking ahead, he expects next year’s discussion to center on intelligent tools that recommend marketing programs, monitor results, and provide information to credit unions. He says AI is pushing people to become more analytical and to consume information more effectively. He says the practical question for credit unions is how AI can be useful in serving members. He also notes that AI governance and vendor management are major challenges because credit unions may already be managing hundreds of vendors.

Cannone closes by saying it is an exciting time for credit unions despite strong competition from banks and fintechs. He argues that credit unions can win by showing how they are different and by simplifying financial life for consumers.