Partnerships between banks and financial technology companies present significant opportunities to better serve existing customers, attract new ones, improve efficiencies, bolster security and promote innovation. Through the 2018 Best of FinXTech Awards, Bank Director and Promontory Interfinancial Network, LLC recognize those institutions that exemplify how collaborative efforts can lead to innovative solutions and growth in the banking industry.
The winners of the 2018 Best of FinXTech Awards will be announced at our FinXTech Annual Summit, brought to you by Bank Director and Promontory Interfinancial Network, in Scottsdale, AZ on May 10, 2018. This event brings together senior executives from across the financial space to focus on new growth strategies and opportunities available to banks today.
2018 Best of FinXTech Awards Categories
This category recognizes successful and innovative partnerships between banks and startup fintech companies that have been operating for less than five years.
MOST INNOVATIVE SOLUTION OF THE YEAR
Created to highlight forward-thinking ideas, we recognize partnerships that have resulted in new and innovative solutions in the financial space.
BEST OF FINXTECH PARTNERSHIP
Recognizing outstanding collaboration between a financial institution and fintech company based on growth by revenue, customers or reputation, and strength of integration.
2018 BEST OF FINXTECH AWARDS FINALISTS
Seacoast Banking Corp. + SmartBiz Loans:
Stuart, Florida-based Seacoast partnered with online lending marketplace and platform SmartBiz, of San Francisco, to take the bank's Small Business Administration loan business nationwide.
Radius Bank + Alloy:
Radius Bank, based in Boston, partnered with Alloy, a fintech solution based in New York that focuses on identity verification, to transform the bank's digital onboarding process.
ChoiceOne Financial Services + AutoBooks:
ChoiceOne Financial Services of Sparta, Michigan, expanded its services to small business clients by partnering with Detroit-based business banking platform AutoBooks to offer treasury services.
Pinnacle Financial Partners + Built:
Pinnacle Financial Partners, the second largest bank holding company headquartered in Tennessee, has partnered with Nashville-based Built Technologies, the leading provider of secure, cloud-based construction lending software, to streamline the bank's construction loan management process.
U.S. Bancorp + SpringFour:
Seeking to help mortgage customers that were falling behind on their loan payments, U.S. Bancorp integrated Chicago-based SpringFour into the bank's mortgage servicing operations and website.
CBW Bank + Yantra Financial Technologies:
CBW Bank became the first bank in the U.S. to publish its APIs by working with Yantra Financial Technologies to launch the Y-Labs Marketplace. The Y-Labs Marketplace is an initiative that enables banks to rapidly introduce new payments, products and services with industry specific benefits.
USAA + Clinc:
USAA partnered with the artificial intelligence platform Clinc, based in Ann Arbor, Michigan, to pilot an Amazon Alexa skill that helps USAA members access information about account balances, transactions and spending patterns.
MVB Financial Corp. + BillGO:
MVB and BillGO, based in Fairmont, West Virginia, and Fort Collins, Colorado, respectively, partnered together to develop a real-time bill payment solution.
TCF Financial Corp. + D3 Banking Technology:
As part of TCF's digital transformation, the Wayzata, Minnesota-based bank leveraged D3's digital banking platform to improve the customer experience, including a re-designed and intuitive mobile banking app; easier ways to deposit checks, pay bills and transfer money; and advanced budgeting and savings tools.
Citizens Financial Group + Fundation Group:
Citizens Financial, of Providence, Rhode Island, partnered with Fundation, of Reston, Virginia, to digitize the credit delivery process across all channels for small business loans and lines of credit.