The future of fintech is a federation of member-owned banks with sustainable not-for-profit operation.
Community banks operate in places where big banks won’t go. They provide service to people big banks consider too high risk or not profitable enough. The dignity they provide vulnerable populations doesn't require modern technology, but it would help them be even better financial gateways to the digital economy.
We partner with community banks to support their digital transforms. It’s more than funding. It’s training and ongoing support to ensure the technology provides the intended benefits. Community banks gain an always-on mobile app experience, access to new low-cost instant settlement systems, and time-saving tools for regulatory compliance.
We use free and open source software so banks have digital sovereignty—not an expensive digital dependency on a vendor. Open source licensing means that improvements made one bank get shared with all the other banks also using the software. Few community banks have software development teams as large as big banks, but using open source software means they don’t need to.