BURLINGTON, Mass.--(BUSINESS WIRE)--ZSuite Technologies performed a demonstration of its digital escrow products during the 2021 Independent Community Bankers of America (ICBA) third annual ICBA ThinkTECH Accelerator Demo Day. ZSuite was selected from hundreds of applicants from around the globe competing for a place in the award-winning and globally recognized ICBA ThinkTECH Accelerator, powered by The Venture Center and with support from the State of Arkansas.
The virtual event highlights ICBA’s ongoing effort to foster fintech-community bank collaborations that produce tangible, relevant solutions to help community banks achieve their business objectives and deliver an exceptional customer experience for which they are known.
“Over the past 12 weeks, we have been able to share with more than 100 bankers how they can offer the tools that top-tier commercial clients dream about,” said Nathan Baumeister, CEO of ZSuite. “Aligning well with ZSuite’s mission to provide innovative technology to help financial institutions grow deposits and expand business relationships, the ICBA ThinkTECH Accelerator has provided an exceptional opportunity to collaborate with industry experts and thought leaders, and we look forward to seeing how these relationships grow in the future.”
"We selected the most promising fintech solutions in critically important areas and paired them with the best and brightest industry stakeholders to refine timely, relevant solutions that solve for community bank pain points," ICBA Senior Vice President and Chief Innovation Officer Charles Potts said. “We’re thrilled with the evolution of these offerings, which will allow our members to continue to be innovative and responsive to the shifting needs of their customers while continuing to move our industry forward.”
“This year’s cohort companies rose to the challenge of attending an all-virtual accelerator, meeting with over 100 individual banks over the course of 12 weeks,” Wayne Miller, executive director of The Venture Center said. “We are proud of the work they have done in this new format and are greatly impressed with their overall performance. With input from community bankers, and with a wealth of new connections, we are sure this cohort will continue to find success.”
To learn more about the ICBA ThinkTECH Accelerator program visit icba.org/thinktech/accelerator.
About ZSuite Technologies
ZSuite Technologies is a financial technology company that aims to power community financial institutions with digital escrow products for specific commercial verticals that can be offered to their clients. ZSuite's products, ZRent, ZDeposit and ZEscrow, streamline collection of recurring payments and automate the management and compliance around multi-use escrow subaccounting processes.
To learn more about ZSuite Technologies and how it can help your financial institution, please visit: https://www.zsuitetech.com.
The Independent Community Bankers of America creates and promotes an environment where community banks flourish. ICBA is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education, and high-quality products and services.
With nearly 50,000 locations nationwide, community banks constitute 99 percent of all banks, employ more than 700,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding more than $5 trillion in assets, over $4.4 trillion in deposits, and more than $3.4 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers’ dreams in communities throughout America. For more information, visit ICBA’s website at www.icba.org.
About The Venture Center
The Venture Center’s immersive accelerator programs are designed to accelerate the growth of early-to-late stage companies and help validate their solutions for real-world problems. Our methodology provides a unique opportunity to connect with community bank executives, receive seed investment, and learn from a comprehensive curriculum aiding in strategically addressing go-to-market, business, and finance challenges. Learn more at www.venturecenter.co. Follow The Venture Center on Facebook, LinkedIn, Twitter (@VentureCenter), and Instagram.