Climate First Bank is an interesting entrant on the US market. Based in Florida and opening for business on 1 June 2021, it claims to be the country’s first climate-focused community bank.
It started with personal and business loans, deposit accounts and cash management via mobile, online and an initial branch in St Petersburg, with a second branch now opened in Orlando.
The bank wanted a proven, robust core system and, with that in place, it is now looking at how to innovate using open APIs, either building out its own capabilities or partnering with fintechs.
