BankBI is proud to announce that we have been chosen to participate in Tech Nation Fintech 3.0.
What is Fintech 3.0?
Fintech 3.0 is the government backed growth programme, funded by HM Treasury, sponsored by the Department of International Trade, and aimed at ‘fuelling the growth of game-changing start-up founders and scaling companies so they can positively transform societies and economies’.
The BankBI team is extremely pleased to have been selected from a strong group of applications in a stringent application process, and are really looking forward to learning from, as well as contributing to the programme over the next 6 months. Fintech 2020 from Tech Nation is in its third iteration and BankBI is proud to take our place amongst some of the names that are alumni of programmes 1.0 and 2.0. We’re sure that the insights previous companies have gained across the various streams including scaling operations, international expansion and fundraising can be applied in our case and hopefully with similar results.
The vision that drives BankBI is to leverage the efficiencies of cloud architecture to deliver an analytics application deployed remotely needing no local infrastructure, maintained centrally in a multi-tenant environment, and implemented quickly using a pre-configured data structure. To provide management the timely, trustworthy information they need, when they need it, on any device and in a low-cost subscription model. In this way we are able to offer senior management in banks, credit unions and the microfinance industry the key ratios and dashboards needed to manage the growth of their balance sheet, increase efficiency by measuring productivity, and monitor profitability on a daily basis.
BankBI has grown steadily over the past 7 years, signing our first global client in 2016, and latterly in the last 3 years by adding a number of US credit unions. Having successfully concluded a distribution agreement with AdvantEdge Analytics (a division of CUNA Mutual Group) in late in 2019 together with investment from CMFG Ventures we believe we are poised to grow significantly in the United States.
Commercial Director, Paul Sutherland says,
’Being selected to participate in an initiative such as Fintech 3.0 represents recognition of our achievements and an endorsement of our strategy to date. We believe it is also a recognition of our potential, and we are confident that it will be a further significant step in our journey and an open up routes to even stronger growth, scale and success in the analytics market for financial institutions.’