Fintech Forge will manage the alliance, and Crowe LLP, a public accounting, consulting and technology firm, will provide advice and services regarding regulatory and compliance matters.
“No bank wants to be the next Sears. To survive, every bank needs to innovate in order to drive down operating costs while ramping up the value we can deliver to the customer,” says Chris Nichols, chief strategy officer of CenterState Bank in Florida.
“Community banks play a special role in the lives of our customers,” adds Julie Thurlow, CEO of Massachusetts-based Reading Cooperative Bank, “but we don’t have the same IT and innovation budgets as the big banks to capitalise on that relationship.”
