The 50 companies that made American Banker's annual list share insights into what makes their workplace culture enticing for potential new hires and current staff members.
The fintech topped American Banker's annual list this year. CEO Dave Buerger attributed the company's hands-off management style as one reason that draws in and keeps workers around.
Forty companies made the 2024 edition of American Banker's annual list of enviable workplace cultures in the financial technology space. Here is a look at some of what makes these firms employers of choice.
The core banking provider was No. 1 on American Banker's ranking of the Best Places to Work in Fintech this year. The company attributes this success to encouraging employees to hash out solutions to challenges.
The company has changed the dynamics of its meetings, created diversity metrics and deployed software to make job descriptions gender-neutral.
The company, which provides workplace investing programs to banks, is giving employees a say in some decisions and working with partners to recruit women and people of color.
The Texas fintech embraces a progressive culture and has taken steps during the pandemic to maintain a spirited vibe even as employees work remotely.
Top executives from the 49 companies that earned a spot in this year's ranking of the Best Fintechs to Work For cite the need for nimble shifts in business strategy, leadership style and recruiting tactics among the lessons they took away from the challenges of the coronavirus crisis.
Small, often intangible quality-of-life perks are a big part of what makes some fintechs the best ones to work for.
The Utah fintech encourages a playful attitude by devoting the first floor of its offices to entertainment and comfort with video games, Ping- Pong, a pool table and a lounge area.
Without its funhouse office, annual trips or volunteering events, the executive found ways to engage his staff virtually.
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Acting Comptroller of the Currency Brian Brooks and Department of Financial Services Superintendent Linda Lacewell stuck to opposing scripts on whether federal or state regulators are best equipped to protect consumers and supervise new entrants into the banking system.
September 9![“The parochial interests of individual states … [prevent] people from accessing credit,” said acting Comptroller of the Currency Brian Brooks. New York State Department of Financial Services Superintendent Linda Lacewell argued “there is no federal authority for any kind of chartering for fintech companies … that are not depositories.”](https://arizent.brightspotcdn.com/dims4/default/c4fde46/2147483647/strip/true/crop/1600x900+0+0/resize/1280x720!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F7b%2Fc0%2F2fa8f8d1414882919a458e895b10%2Fbrooks-lacewell.png)
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The bank's innovation group has developed a software tool for law firms. It hopes the project will help it speed products to market and attract top technology talent.
September 9
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Many of the changes on the horizon were inevitable, but the pandemic has accelerated the shift to digital payments and finance, forcing banks to reevaluate their models and pivot toward faster technology adoption.
September 9
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Melio, which specializes in streamlining SMBs’ payments to suppliers, has raised an additional $80 million in venture capital funding to power its rapid growth during the pandemic.
September 8
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The fintech and the Minnesota bank it acquired last week, renamed Mid-Central National Bank, intend to pioneer a new method of storing and moving money for consumers.
September 8
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Fintech lenders that reported a surge in missed payments at the start of the pandemic have seen credit quality rebound substantially since. But credit performance could still deteriorate if high unemployment persists and Congress fails to enact more relief measures.
September 8
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The Ohio regional added a feature to its mobile app that analyzes a customer's spending habits before sweeping small amounts of cash into a savings account.
September 8
![“The parochial interests of individual states … [prevent] people from accessing credit,” said acting Comptroller of the Currency Brian Brooks. New York State Department of Financial Services Superintendent Linda Lacewell argued “there is no federal authority for any kind of chartering for fintech companies … that are not depositories.”](https://arizent.brightspotcdn.com/dims4/default/7b01f67/2147483647/strip/true/crop/1600x900+0+0/resize/1440x810!/format/webp/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F7b%2Fc0%2F2fa8f8d1414882919a458e895b10%2Fbrooks-lacewell.png)
