ICBA to create online directory of fintech firms

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The Independent Community Bankers of America is rolling out an initiative to help small banks connect with fintechs.

The association said in a press release on Thursday that it will provide its members with an online directory of emerging fintechs in early 2019. The directory — ICBA ThinkTECH Network — will include fintechs looking to work with community banks.

The goal is to make it easier for small banks to find fintech partners. The ICBA is working with Bank Director to produce the directory, which will include written profiles on featured firms, along with sample client lists and testimonials from financial institutions.

The directory “will be a one-stop shop for community bankers looking for vetted community bank-friendly fintech companies,” Kevin Tweddle, the ICBA's group executive vice president of innovation and financial technology, said in the release.

“By providing community banks with a straightforward tool for uncovering new innovation partners, our goal is to provide more opportunities for community bank and fintech partnerships in 2019 and beyond," Tweddle added.

The ICBA has increased its emphasis on helping small banks navigate the fintech sector since hiring Tweddle last year.

The ICBA recently launched a community bank-focused fintech accelerator program in Little Rock, Ark., with the Venture Center. In March the association published a white paper for community banks, “Fintech Strategy Roadmap.”

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