First of two planned accelerators designed to fuel community bank innovation in 2024
Washington, D.C. (Dec. 6, 2023) — The Independent Community Bankers of America® (ICBA) today announced the selected companies for its sixth ICBA ThinkTECH Accelerator program (AP6), which will focus on fintech solutions around analytics, automation, and compliance. The latest iteration of the successful fintech accelerator has been expanded to include group as well as one-on-one bank cohort visits to support continuous development and advancement of community bank innovation.
“Community banks have always delivered exceptional service and now more than ever, they’re leveraging the best of technology to create the high-tech, high-touch experiences customers crave,” ICBA Executive Vice President and Chief Innovation Officer Charles Potts said. “When paired with promising fintechs — the focus of our Accelerator program — we can empower the nation’s community banks to respond to shifting market dynamics and strengthen customer relationships.”
Finalists were chosen from hundreds of applicants following a rigorous selection process where they were evaluated for overall sustainability, including the team’s strength, product maturity and product-market fit. During the 10-week program, the companies will work collaboratively with a distinguished network of industry leaders and community bank executives to refine their solutions for community bank consumption.
The AP6 cohort includes:
Azimuth - provides automated full-population compliance testing that is faster, more accurate and cost effective.
Conductiv - collects additional lending and loan servicing data to incorporate into existing underwriting and lending processes.
HuLoop Automation - leverages AI to automate and streamline processes while providing better decisioning and governance.
Monit - a cash flow analysis, forecasting and guidance platform featuring data-driven tools and insights for bankers.
Revio - helps analyze transaction details to uncover deposit growth and revenue generation opportunities for targeted campaigns.
Trust Stamp - enables one-to-one and one-to-many identities without sacrificing biometric security or utility.
“The ICBA ThinkTECH Accelerator helps community banks and early-stage fintechs effectively collaborate to meet market challenges by delivering cutting-edge solutions with timely, real-world relevance,” ICBA Senior Vice President of Innovation Programming Wayne Miller said. “We are thrilled to welcome our newest cohort and play a role in helping community bankers take the next step in their innovation journeys.”
Since its inception, the ICBA ThinkTECH Accelerator has connected the most innovative fintech companies with more than 1,400 community bankers and industry leaders — identifying and designing workable solutions that solve for today’s modern banking needs.
The ICBA ThinkTECH Accelerator program will kick off its sixth year beginning Jan. 8, 2024, and will conclude with a showcase at ICBA’s annual convention, ICBA LIVE in Orlando, Fla. The LIVE Showcase will also include ThinkTECH alumni from AP5.
For more information about the ICBA ThinkTECH Accelerator, or to apply or nominate a fintech for future accelerators, visit www.icba.org/accelerator.
The Independent Community Bankers of America® has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation’s community banks through effective advocacy, education, and innovation.
As local and trusted sources of credit, America’s community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers’ financial goals and dreams. For more information, visit ICBA’s website at icba.org.