Independent Community Bankers of America (ICBA) ThinkTECH Accelerator has invited InvestFi to participate in the program.
InvestiFi, a digital investment platform designed to allow for trading to and from deposit accounts, enabling credit unions and community banks to retain more assets and attract new account holders.
The number of banks in the US continues to decline as M&A activity, especially among smaller players, persists. Part of the challenge is to be able to scale and offer services that customers want and need. Fintech offerings can quickly match this challenge.
InvestiFi offers an “Investing from Checking” solution for bank customers to invest in Stocks, ETFs, and Crypto, along with access to Robo Advising and more. By incorporating InvestFi into bank offerings, these entities can keep customers as the service becomes more sticky with the added value.
ICBA Executive Vice President and Chief Innovation Officer Wayne Miller said today’s investing market is changing fast:
“…community banks need solutions that can deliver comparable functionality to retain key deposits while attracting new ones.”
This is the 10th iteration of the program, which kicks off January 5 at the ICBA Center for Innovation in Atlanta.