NEW YORK, NY April 26, 2017 — FinXTech, powered by Bank Director, hosted its FinXTech Annual Summit at the Nasdaq MarketSite in Times Square on April 26 during FinTech Week NYC. The company welcomed a standing-room only crowd of bank leaders, fintech executives, investors and analysts interested to explore emerging trends, opportunities and challenges facing many as they look to grow and scale their businesses.
According to Al Dominick, CEO of Bank Director and FinXTech, “the various partnership models shared throughout today’s event makes clear that together, forward-thinking financial institutions and creative technology companies can successfully keep pace with the various demands of our connected-consumer world.”
At the conclusion of the event, the 2017 Best Of FinXTech Awards finalists and award winners were announced. Through the awards, FinXTech recognizes the efforts made to grow a bank through collaboration and partnerships by and between banks and fintech companies.
2017 Best Of FinXTech Award Winners Included:
USAA + Nuance: USAA, based in San Antonio, Texas, made its website a little smarter in 2016 with the virtual assistant Nina, which provides support for USAA’s members. This use of artificial intelligence is the result of a collaboration with Nuance in Burlington, Massachusetts.
Bank of Nova Scotia (Scotiabank) + Sensibill: Scotiabank’s customers can store, organize and retrieve paper and electronic receipts through the Toronto, Canada bank’s mobile banking app and wallet, the result of a partnership with Sensibill, also based in Toronto. The service was launched in October 2016.
Green Dot (Go Bank) + Uber: Pasadena, California-based Green Dot Corp., which issues prepaid credit cards, partnered with Uber to provide the San Francisco transportation company’s drivers a fee-free debit card and an instant pay solution that allows drivers to be paid instantly.
The judging criteria acknowledged stand-out performance based on innovation, growth by revenue, customers or reputation, and strength of integration. The awards were given to three banks and their technology partners, chosen by this year’s FinXTech Advisory Group.
The additional seven finalists recognized at the Summit included: IDFC Bank and TATA Consultancy Services (TCS), Franklin Synergy Bank and Built Technologies, Inc., National Bank of Kansas City and Roostify, Somerset Trust Company and BOLTS Technologies, Toronto-Dominion Bank (TD Bank) and Moven, Woodforest National Bank and PrecisionLender and WSFS Bank and LendKey.
A peer-to-peer resource, Bank Director’s FinXTech platform helps bank CEOs and their executive teams to discover qualified technology partners and financial technology firms to better understand where and how to partner with legacy institutions. As an information resource to the financial community, FinXTech provides authoritative, relevant and trusted content to a hugely influential audience on emerging growth, strategy and/or technology opportunities. For more information, please visit FinXTech.com.
About Bank Director
Since 1991, Bank Director has served as a leading information resource for the directors and officers of financial institutions. Through its monthly Bank Director magazine, executive-level research, annual conferences, and its website, BankDirector.com, Bank Director reaches the leaders of the institutions that comprise America’s banking industry. Bank Director is headquartered in Brentwood, Tennessee. More information can be found at BankDirector.com.
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