Community Banks are utilizing the plug and play partnership to innovate as it allows them to offer digital services in a more cost effective and efficient way; the Independent Community Bankers of America are helping to facilitate some of these partnerships through their ThinkTECH Accelerator; the accelerator is a joint venture with The Venture Center to focus exclusively on helping community banks find the right fintech partners; “We are only in year one, but we have found that this strategy allows us to have a direct influence on identifying problems and holes and then working with these early FinTechs to develop solutions quickly,” Kevin Tweddle, chief innovation officer at the ICBA, said to PYMNTS.com. Source.
