David Becker
David Becker
CEO, First Internet Bank

 
Mr. Becker has served as Chairman of the Board and Chief Executive Officer of First Internet Bank since its inception and has served as President since January 2007. In 1981, he founded re:Member Data Services and served as CEO until the company was acquired by Open Solutions Inc. (NASDAQ:OPEN) in 2004. In 1995, he founded VIFI, which provided Internet services to financial institutions and corporations from 1995 until it was acquired by Digital Insight Corporation (NASDAQ:DGIN) in 2002. Mr. Becker also founded, and remains actively involved as CEO of three other Indianapolis-based companies: OneBridge, a credit and debit card processing firm; DyKnow, a company specializing in educational technology for interactive learning experiences; and RICS, a firm that provides inventory control and POS systems for retailers via the Web.

Mr. Becker was the first chairman and remains on the board of TechPoint, and is on the Board of the TechPoint Foundation. Mr. Becker is Chairman of the Board of Directors of the Central Indiana Community Foundation (CICF), and serves on the Board of Central Indiana Corporate Partnership. Mr. Becker has supported a number of Indiana universities. He is currently a member of the Dean’s Advisory Council for the School of Informatics at Indiana University (IUPUI) and has served on advisory boards for The Robert C. McDermond Center for Management and Entrepreneurship and the IT Associates Program at DePauw University as well as the Board of Trustees at Vincennes University. Mr. Becker is a 2001 recipient of the Ernst & Young Entrepreneur of the Year award and a 2002 recipient of the TechPoint Trailblazer in Technology award. In 2004, he was named Sagamore of the Wabash by Indiana Governor Joe Kernan. In 2008, he was inducted into the Junior Achievement-sponsored Central Indiana Business Hall of Fame.

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QYour first company was re:Member Data Services (RDS), which you sold to OSI for $24 million. Then you sold your second company, Virtual Financial Services (VIFI), to Digital Insight, now part of Intuit, for $52 million. While all that was happening you started the first de novo virtual bank anywhere in the world, appropriately called First Internet Bank, which now has $500 million in assets.

AI started First Internet in 1999 as an online, real-time Internet bank using the software products I created.

QI was at the Museum of Science and Industry in Chicago recently and I could have sworn I saw your bank's name on the permanent exhibit of the history of the Internet. Are you listed on the timeline?

A Yep. And also on Google's Top 100 list.



QHow did you come to start RDS? I think you derived some insights from a prior decision on which college to attend.

A When I was in high school my parents didn't have funding to send me to college. In fact, nobody on either side of my family had ever been to college. I got an appointment to the Coast Guard Academy. I didn't have political connections. I was just one of 10,000 kids across the country who applied, made the cut when they narrowed it down to four, and was finally granted admission. I decided instead on DePauw University in Greencastle, Indiana, and graduated with a degree in political science.

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