By Tamarack |  Jul 07, 2021
Reliance Bank Scott Nelson

St. Paul, Minn. (July 7, 2021)Tamarack Technology, Inc., a leader in providing independent software solutions in the equipment finance and commercial lending industry, is proud to announce that its Chief Digital Officer Scott Nelson, PhD has been invited to join the advisory board for Faribault, Minn.-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.

About Reliance Bank

Faribault, Minn.-based Reliance Bank is a well-established financial services leader providing a full-service line of personal and business banking products with emphasis on technology and small business relationships. Founded in 2007, Reliance Bank is a State Chartered, FDIC insured, full-service bank. For more information visit

About Tamarack Technology, Inc.

Tamarack Technology, Inc. is a leading provider of independent software, operational, and technology services supporting the equipment finance industry. For more than 20 years, Tamarack has been helping lessors protect their investments, improve business performance, and provide customers with access to solutions that enhance operations. The company integrates and supports origination and portfolio management systems as well as critical functions such as lease accounting, sales tax, insurance and UCC compliance. Tamarack's software products connect and integrate key ecosystem applications with real-time data. The company also provides integration, implementation, and data migration services, as well as automation products for several leading industry portfolio management platforms. For more information, please email or visit

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Tamarack Technology, Inc. is a leading provider of independent software, operational, and technology services supporting the equipment finance industry for more than 20 years.


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