Washington, D.C. (July 25, 2024) — The Independent Community Bankers of America® (ICBA) hosted its ThinkTECH Accelerator Showcase, the culmination of the latest Accelerator program (AP7) yesterday. For the first time, the Showcase was held at the Graduate School of Banking at Colorado for its student body of nearly 500 bankers and streamed online for a virtual audience.
“The ThinkTECH Accelerator program exemplifies ICBA’s commitment to fostering innovation and building strong partnerships between community banks and fintech companies,” said ICBA Executive Vice President and Chief Innovation Officer Charles Potts. “By bringing ThinkTECH on the road, we can meet bankers where they are and showcase cutting-edge solutions that address their unique challenges. This collaboration not only supports the longevity and prosperity of community banks but also empowers the next generation of industry leaders.”
AP7 focused on artificial intelligence, financial health and wellness, subscription management, digital onboarding and compliance, key issues for today’s community bankers. Presenting companies included:
Prelim Technologies: A no-code platform for customer onboarding processes, which helps banks digitize their services, streamline account opening, and enhance customer experiences.
Rego Payment Architectures: A white-label family lifecycle platform tailored for financial institutions that helps kids to manage and spend money within a parent-controlled environment.
FINBOA: An analytics and process automation platform that simplifies and streamlines payment dispute processing, improving regulatory compliance and operational efficiency.
RiskScout: Through a full BSA/AML suite and specialized market tools, RiskScout's solutions increase revenue and decrease compliance costs by unlocking new deposit streams and automating compliance workflows.
ScribeUp: A best-in-class embedded subscription management solution allowing users to track, cancel, and lower their subscription bills from a single location.
Savvi AI: An AI platform that helps banks build, launch, and manage AI apps to help forecast charge-offs, predict loan volumes, forecast deposits, and increase loan offer uptake.
The Showcase concluded with several awards:
Rego Payment Architectures received the Bankers Choice award – Sponsored by Fiserv, this award is voted on by the audience for their preferred presenting solution following live demos from AP7.
ScribeUp received the Most Valuable Participant award – Sponsored by TrueNorth, the MVP award recognizes the most evolved fintech offering based on program engagement and alignment with community bank business priorities.
FINBOA’s Dheeraj Singal received the program’s All-Heart award – Sponsored by Wipfli LLP, the All-Heart award is the only individual recipient honor given as part of the ThinkTECH Accelerator, celebrating an individual’s demonstrated passion, empathy, and commitment to making a positive impact on those around them, including community banks.
ICBA ThinkTECH powers the potential of our nation’s community banks by fostering strong relationships between bankers and the solution providers that serve their needs. Since its inception, the ICBA ThinkTECH Accelerator has connected timely solutions with more than 1,400 community bankers and industry leaders, helping identify and refine workable solutions that address today’s modern banking needs. AP7 received mentorship from a distinguished network of community bank leaders through an immersive 10-week program, the second of two accelerator programs in 2024.
For more information about the ICBA ThinkTECH Accelerator, visit www.icba.org/accelerator. A recording of the ICBA ThinkTECH Showcase is available here.
The innovation doesn’t stop here. To further support the needs of community bankers, ICBA will soon announce details for our Bankers Innovation Bootcamp at our Center for Innovation in Atlanta. Sign up to learn more about ICBA innovation programming.
About ICBA
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.
