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The ICBA ThinkTECH Accelerator program continues the successful collaboration between promising fintechs and community bank leaders to drive innovation in support of ICBA’s mission to create and promote an environment where community banks flourish.
Selected companies will receive ICBA investments and be immersed in a rigorous 12-week program, featuring one-on-one meetings with hundreds of community banking influencers to speed product development and create solutions tailored to the community bank market.
Notable program alumni include ICBA preferred service provider TESLAR by 3E; MK Decision, an ICBA Bancard partner; Griffin Technologies, winner of the Bankers Choice Award at ICBA LIVE® 2020; and Invest Sou Sou, winner of a Finovate Spring Best of Show award.
ICBA announced the kickoff of its third ICBA ThinkTECH Accelerator program in partnership with The Venture Center. The latest iteration of the successful global fintech accelerator will build upon the success and momentum of the 2020 program.
The unique challenges of the COVID-19 pandemic "are driving innovation" and creating successful community bank fintech partnerships, said ICBA's Chief Innovation Officer Charles Potts. As community banks "consider additional measures in support of their customers, ICBA will be there to facilitate key connections with promising fintechs through our ThinkTECH initiatives.”
A selection committee of ICBA staff and community bank executives will serve as mentors to early-stage companies vying for top spots in the selection process. Finalists will receive ICBA investments and undergo a rigorous 12-week bootcamp program.
Community banks are encouraged to nominate potential candidates for this year’s program. The nomination period closes Sept. 15, 2020.
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Kevin Tweddle, chief operating officer of the ICBA Services Network and chief innovation officer of the ICBA ThinkTech Accelerator, talks with GroundBanking about the accelerator and its overall goal to serve as an outlet for community banks to directly engage and partner with early-stage fintech companies.