Creativity and innovation run in Kirk Drake's blood. His grandfather started his own technology company. He once took a young Drake on a trip to London on the Concorde, an over-the-top experience that he said opened his eyes to the world and power of innovation.
At just 23, Drake became vice president of IT for the $573 million NIH Federal Credit Union in Rockville, Md. At 25, he founded Ongoing Operations, a technology company that helps credit unions focus their limited IT resources on member-facing technology and strategic goals.
Drake has been developing and implementing CU Wallet, a mobile wallet for smartphones, for the past few years. While in the process of getting credit unions to sign up for the new technology, Drake learned Apple Pay had launched. That news could have been a deal breaker for some people, but not Drake and his co-creator, Paul Fiore. Drake said he made the necessary adjustments to make CU Wallet successful and different from its competitors.
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