Fintech start-up brings partner bank to leading fintech incubator
PROVO, Utah – (BUSINESS WIRE) – Asa connects financial institutions with customer-facing fintechs in a secure, compatible and easy-to-implement marketplace. The company today announced its acceptance of a fintech incubator hosted by BECU and CoMotion, the University of Washington’s innovation arm. The year-long program starts with a welcome event on July 6.
BECU, the largest non-profit credit union in Washington, joined forces with CoMotion at the University of Washington (UW) to launch the FinTech Incubator in 2018. The collaboration combines CoMotion’s strengths in incubation, partnership, innovation, company formation and technology commercialization with BECU’s expertise in financial services. , data analysis and member experience. The purpose of the incubator is to support new fintech startups, and provide mentorship and partnership opportunities to members.
“At BECU, we aim to provide our members with the right tools and resources they need to achieve their financial goals and meet their growing financial needs,” said Mike Zell, BECU’s senior vice president of Digital. “By collaborating with UW CoMotion, we support start-ups that will help promote innovation in the financial industry and increase the long-term economic well-being of our local communities.”
Asa paves a new way forward in financial services, and introduces the partner banking model. This framework drives growth and opportunities for financial institutions and fintechs, while at the same time accelerating financial authority by giving the customer control over data and finances. With Asa, customers can have the modern technology they want and the local financial institution they know and trust.
“The industry continues to struggle to keep pace with the sky-high demand for innovation in a safe, secure and affordable way,” said Landon Glenn, CEO and founder of Asa. “With Asa’s partner banking model, financial institutions and fintech can finally merge, connecting customers with a fintech marketplace without ever having to share sensitive data or credentials. Such a model is a boon for the bank, fintech and end customer. We are proud of to be included in the BECU FinTech Incubator, and we look forward to continuing this momentum and growth. ”
Read more about BECU FinTech Incubator, run by UW CoMotion, here.
About Asa
Provo, Utah-based Asa connects financial institutions with customer-facing fintechs in a secure, compatible and easy-to-implement marketplace. With Asa, banks and credit unions innovate faster, fintech scales more easily and end users are given the authority to take control of data and finances. Learn more at asa.financial.
Contacts
Maddie Mitcham
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