Finosec Selected for ICBA ThinkTECH Accelerator

Initiative Advances Progressive Community Bank-Fintech Collaboration in the New Year

Alpharetta, GA (Jan. 8, 2021)—Finosec today announced its participation in the Independent Community Bankers of America (ICBA) third annual ICBA ThinkTECH Accelerator, in partnership with The Venture Center. The ICBA ThinkTECH Accelerator program fosters fintech-community bank collaboration.

“Imagine having the opportunity to speak with different fintech companies and gain cutting-edge solutions for your community bank. The ThinkTECH Accelerator is a game changer when it comes to community bank innovation,” said Zach Duke, president and CEO at Finosec. “Our mission to provide the most robust cybersecurity governance to community banks nationwide is well-served by this program. Community banks need innovative solutions, and the ThinkTECH Accelerator provides an open door for collaboration between bankers and innovative fintech companies. Taking part in the Accelerator will help community banks stay on top of new technology.”

With Finosec's automated governance platform, banks save valuable time from resource-intensive manual security validation, while enhancing exam preparedness. Finosec’s process to simplify cybersecurity focuses on customer information, movement of money, vendor management, employee risks mitigation, and governance.

“Finosec was chosen from hundreds of candidates for this year’s program based on the merit of its offering, along with the talent and dedication of its founders, which all share our vision of blending technology with relationship banking and standout service to deliver the ultimate customer experience,” ICBA Senior Vice President and Chief Innovation Officer Charles Potts said. “We’re excited to share this relevant and timely solution with our community bank members and look forward to a long and productive relationship that delivers on the promise of innovation at a time when the customer experience is rapidly changing.”

“We are proud to partner with ICBA in selecting the cohort to help enhance community bank innovation, which will benefit local communities,” Wayne Miller, executive director of The Venture Center said. “For fintechs seeking meaningful relationships, the ICBA ThinkTECH Accelerator provides an abundance of opportunity.”

To learn more about the ICBA ThinkTECH Accelerator program visit icba.org/thinktech/accelerator.

About Finosec

The excessive and complex labor required for banks’ information security and cybersecurity feels overwhelming. Finosec offers a simple and automated governance platform to save banks time and enhance exam preparedness. For more information visit www.finosec.com or email Finosec at info@finosec.com

About ICBA

The Independent Community Bankers of America creates and promotes an environment where community banks flourish. ICBA is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education, and high-quality products and services.

With nearly 50,000 locations nationwide, community banks constitute 99 percent of all banks, employ more than 700,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding more than $5 trillion in assets, over $4.4 trillion in deposits, and more than $3.4 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers’ dreams in communities throughout America. For more information, visit ICBA’s website at www.icba.org.

About The Venture Center

The Venture Center’s immersive accelerator programs are designed to accelerate the growth of early-to-late stage companies and help validate their solutions for real-world problems. Our methodology provides a unique opportunity to connect with community bank executives, receive seed investment, and learn from a comprehensive curriculum aiding in strategically addressing go-to-market, business, and finance challenges. Learn more at www.venturecenter.co. Follow The Venture Center on Facebook, LinkedIn, Twitter (@VentureCenter), and Instagram.

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