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Investing in the Future of Banking

Since its founding in 1875, ABA has been committed to making sure banks of all sizes stay on the cutting edge of innovation. We actively support and promote technological advancements that make banking services more efficient, convenient and secure. Given the pace of change today, ABA is taking its commitment to innovation a step further by engaging with, and in some cases investing directly in, businesses and technologies that promise to help our member banks succeed in the future. ABA members lead this effort, working closely with our professional staff. Bank CEOs who serve on ABA’s Venture Investment Committee evaluate strategic investment opportunities that hold the potential to benefit ABA members and the industry as a whole, and then make recommendations to the association’s board of directors.

ABA’s strategic investments may include companies at all stages of development, from pre-initial public offering, to startup and senior companies. These investments are separate from ABA’s Endorsed Solutions program which typically does not involve any direct ABA investment.

ABA’s current investments include:

Summit Technology Group

Summit is an emerging fintech company that offers a cost-effective IT solution that helps financial institutions transition to the cloud. With a leadership team that includes former bankers, the company is poised to take advantage of the expected growth of cloud services in the financial services industry. Learn more about Summit.

 

Finxact

Finxact offers an innovative, open core banking platform for financial institutions that provides an alternative to the traditional way banks process day-to-day operations. Finxact’s Core as a Service approach allows banks of all sizes to respond quickly to innovation and customer demand. The company’s cloud-based model allows banks to make proprietary improvements and custom configurations while also giving them 100 percent access to their data. Learn more about Finxact.

 

fTLD

fTLD Registry Services, LLC operates the .BANK and .INSURANCE top level domains. fTLD, a coalition of banks, insurance companies and financial services trade associations from around the world, governs in the best interests of these industries and their customers. A .BANK or .INSURANCE domain acts as a built-in stamp of approval for a bank or insurance business’s security measures, letting their customers know their site is trusted, verified and secured. Learn more about fTLD.