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  • Functionality & Response to Areas of Focus

  • Quick Facts

Functionality & Response to Areas of Focus

Core Functionality

IBT Apps i2Suite is a full technology platform offering core processing, and including deposit accounting, loan accounting, general ledger, ACH processing, OFAC, accounts payable, fixed assets, pre-paid accrual, shareholder accounting, real-time EFT with card management, credit bureau reporting, call report, online and mobile banking, telephone banking, deposit origination and API integrations. Currently, IBT Apps is in the process of moving all of its products to the cloud-based platform Azure. IBT Apps provide a hosted cloud-based platform that gives their clients full access to their data and allows for open API integration.

Firm's Response to Core Committee's Key Areas of Focus

  • IBT Apps states that data belongs to the customer. Full access to data at any time with a report writing tool is included in offering. No cost to access data.
  • IBT Apps states that it provides an API portal and library.
  • Banks and third parties work with IBT Apps regarding access.
  • IBT Apps certifies access and charges for time associated with API development

(Including Exclusivity, Coterminous Contracts, Deconversion Fees, Limitation of Liability, SLAs and Early Termination Penalties)

IBT Apps states:

  • There are no exclusivity provisions in its contracts.
  • All contracts are coterminous.
  • Deconversion fees are based on a factor of assets. No exit barriers.
  • Limitations of liability are variable and negotiated with customer.
  • Detailed SLAs and remedies are included in all contracts.
  • Customer is responsible for a sliding percentage of the agreement if customer terminates without cause.

Quick Facts

Quick Facts
Headquarters LocationCedar Park, Texas
Websiteibtapps.com
Year Established1999
Ownership ModelPrivate
Regionally Focused or NationalNational
Number of Cores Offered1
Name of Core Solutioni2Core
Number of US Banks on the Core30
FunctionalityFull core offering including GL, teller, lending, deposits, digital and ancillary products.
Target Bank Asset SizeLess than $1 billion
Business StrategyIBT Apps states that its focus is on offering community banks forward-thinking and affordable products and services that are adaptable to the needs of their bank. IBT Apps says it will continue to provide a strategic partnership and give banks control over their technology by giving them open choice over the integrations that best serve their needs.