Consummate banker and serial entrepreneur, James S. (Chip) Mahan III, will receive the FinTech Lifetime Achievement Award during FinTech South, the Southeast’s largest event dedicated to financial innovation. Previous recipients of this distinction nominated Mahan, who was selected for his successful history of founding and leading banking and financial technology organizations.

Mahan is Chairman and CEO of Live Oak Bank, one of the nation’s leading small business lenders with $3.67 billion in assets, where he is creating an ecosystem of fintech partners to fulfill the bank’s mission of providing customers an unprecedented banking experience through service and technology. Mahan took Live Oak public in 2015 and the company was ranked #1 on American Banker’s Best Banks to Work For list five years running. He is a founding creator of nCino, the cloud-based bank operating system, that was part of Live Oak Bank until it was spun off into a separate company in 2012.

Mahan also founded the first internet-only bank, Security First Network Bank. He served as the Chief Executive Officer and Chairman of the Board for S1 Corporation, Security First Network Bank’s technology arm. Under his leadership, S1 Corporation grew to become a $234 million software and services provider in just six years, averaging more than 200 percent growth year-over-year. At its peak, S1 Corporation had a market capitalization of $7.8 billion. During his term as CEO, Mahan was ranked as one of the 10 Most Influential Personalities in Financial Services by FutureBanker magazine. Prior to his venture with Security First Network Bank, Mahan launched Cardinal Bancshares, serving as Chairman and Chief Executive Officer, building it into an institution with $800 million in total assets and taking the company public in 1992.

“The FinTech Lifetime Achievement Award honors industry leaders who paved the way for Atlanta to be the global fintech hub it is today, and Chip is deserving of this distinction,” says Larry K. Williams, President & CEO of the Technology Association of Georgia. “Chip is an innovator, a leader and a force in the fintech industry and we are thrilled to welcome him into the FinTech Hall of Fame.