Software

Banking startup BetaBank selects Finxact banking platform

July 21, 2022

BetaBank, a banking startup based in Chicago, has selected Finxact's cloud-native banking platform to power its product ecosystem. The bank will run this platform in Google Cloud, according to a press release.

Banking product providers for BetaBank will be able to connect to Finxact's core platform via APIs.

"BetaBank is what the future of lending will look like: democratized, fully-automated, purely digital, fair and transparent for the borrower, and cost efficient for the lender to serve SMBs and even sole proprietors," Ryan Victor, chief revenue officer, Finxact, said in the release. "It's an honor for Finxact to be selected to underpin the technology stack that will help them in their mission."