Fintech guidance to support US financial institutions
New report reveals fintechs with 100+ customers
NASHVILLE, Tenn., April 4, 2023 /PRNewswire/ — Bank Director, the leading information resource for executives and board members of financial institutions across the country, today released a new report – Finding Fintechs: A Choose Your Own Adventure Guide – to provide US financial institutions with a road map for cooperation with technology companies. This new report provides clear guidance on how banks can improve efficiency, customer relationships and facilitate growth – and do so in a way that reduces risk.
By using the bank manager’s online platform FinXTech Connect, the report reveals the names of fintechs that report at least 100 US financial institution customers. Built specifically for banks, FinXTech Connect is a curated, online directory of technology companies that work strategically with financial institutions. The online directory was developed in 2019 – now with over 400 technology companies in FinXTech Connect, the bank director’s team includes only qualified technology companies identified by the bank director as “bank friendly”, with a proven track record of financial performance and an existing bank list. clients. Solutions include lending platforms, payment processing applications, security, data analytics and more.
“It has always been our core focus at Bank Director to educate senior managers and members of the board in financial institutions across the country, and we believe FinXTech Connect and this new road map guide is a unique product given that CEO hand-picked and vetted all technology companies and solutions to ensure they have a proven track record of working with financial institutions. This in turn means that the banks can easily identify qualified partners to increase market shares and achieve efficiency through new innovations,” says Michelle Kingpresident of banking director.
FinXTech Connect includes the following features:
- Guided search function that allows banks to easily find solutions
- In-depth written profiles on fintech companies working with US banks
- Access to key technology leaders and contact information
- Product features, pricing models and core processor characteristics
- Example of customer list and certificates from financial institutions
- Ability for bank users to save company profiles for future reference
“Thirty-five percent of bankers responding to The CEO’s Technology Survey 2022 say they are concerned about their bank’s ability to identify technologies that will help grow their bank, and 48% worry that their team has an insufficient understanding of how new technology could impact their bank. We believe this new resource guide will provide banks with the information they need to make strategic decisions to grow their institution,” says Naomi Snydereditor-in-chief of Bank Director.
With consumers’ continued push into the world of technology, a whole new set of challenges arise. Cyber security, data privacy, hackers and regulatory issues are all ever-changing issues plaguing bankers in their quest for fintech partnerships. Given these challenges, banks are also responsible for managing all aspects of their business, including the fintechs they partner with. Due diligence on fintechs is a necessity. Fortunately, the bank director’s FinXTech Connect is designed for banks to discover and get to know fintechs from around the world.
For banks wishing to engage with this new online platform, please contact the Bank Executive Vice President of Banking Services at [email protected]. For technology companies that would like to be interviewed and considered for FinXTech Connect, please get in touch Ambrose DelahoussayeFinXTech Research and Marketing Associate, at [email protected].
About FinXTech
Launched in 2014, FinXTech is a resource powered by Bank Director, specializing in connecting a hugely influential audience of US banking executives with technology partners at the forefront of innovation. FinXTech makes it easier for banks and technology companies to work together – through its exclusive in-person events, editorial content and online FinXTech Connect platform. For more information, please visit FinXTech.com.
About BankDirector
Banking director reaches the leaders of the institutions that make up the US banking industry. Since 1991, Bank Director has provided board-level research, peer insight and in-depth management and board services. Built for banks, Bank Director reaches into and beyond the boardroom by providing timely and relevant information through Bank Director magazine, board education services and the finance industry’s premier event, Acquire or Be Acquired. For more information, please visit BankDirector.com.
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FOR MORE INFORMATION, CONTACT THE BANKING DIRECTOR OF MARKETING, DEAHNA WELCHER AT [email protected].
SOURCE BankDirector.com
