Radius Bank, a virtual bank focused on providing clients with banking solutions to better financial health, announced last week it has formed a partnership with MassChallenge FinTech, a program matching enterprise-ready fintech startups within industry leaders to bring to market emerging products and services with the power to transform the financial services ecosystem.
According to Radius Bank, the partnership furthers the Bank’s commitment to support the fintech community. While sharing details about the partnership, Huma Usmani, Vice President of Emerging Technologies & Consumer Partnerships at Radius Bank, stated:
“We are honored to support MassChallenge FinTech. Radius has a history of strategic partnerships with forward-thinking early and late stage fintechs – whether it be to improve our own technology stack or as sales channels to grow deposits bringing a banking product to market in collaboration. This investment, into a community headquartered in our backyard in Boston, allows us to support and actively participate in the continued evolution of products and services for the financial services industry.”
Radius Banks also reported that a total of twenty-one startups are part of MassChallenge’s FinTech 2019 inaugural cohort and they each represent trailblazing technologies that will advance financial services, from AI-powered onboarding platforms to modern giving solutions. The organization drives outcome-driven partnerships between startups and enterprises that tackle some of the industry’s biggest pain points and opportunities. Devon Sherman, Program Director of MassChallenge FinTech, went on to add:
“MassChallenge FinTech is incredibly excited to partner with our Seaport neighbor Radius Bank for 2019. Radius Bank shares our commitment to innovation in financial services, and together, we can better support the groundbreaking fintech startups working to solve massive challenges in our industry.”