Bankjoy was selected to demonstrate the New Business Banking Platform at FinovateFall 2022
DETROIT–(BUSINESS WIRE)–Digital banking provider Bankjoy has been selected to demonstrate its latest Business Banking platform at FinovateFall 2022. This is the second time Bankjoy has taken the Finovate stage to showcase its cutting-edge digital technology.
Bankjoy’s Business Banking platform has a single portal for multiple business accounts, the ability to manage multiple users, control permissions and send transfers to multiple recipients, as well as a double approval process to reduce fraudulent activity. Designed with a superior user experience, these features help businesses manage their finances efficiently. With more than 60 integrations with core banking platforms and other third-party providers, Bankjoy makes it easier and more cost-effective for community banks and credit unions to deliver truly feature-rich digital banking technology to business customers.
“As the premier fintech event, Finovate has proudly showcased the industry’s most cutting-edge and innovative technologies at its fall and spring events. This year, we are excited to welcome Bankjoy back to the stage and see their newest Business Banking platform in action,” said Greg Palmer, VP of Strategy at Finovate. “As business owners and entrepreneurs look for more modern digital banking tools from their banking partners, we look forward to seeing greater innovation in this space.”
Bankjoy’s Business Banking platform is an extension of the company’s current world-class digital banking solution, previously featured on Finovate. Since the company’s launch, Bankjoy has partnered with more than 50 community financial institutions across the country to deliver a world-class digital banking experience. By enabling banks and credit unions to offer a more modern, digital-first banking experience to their customers and members, Bankjoy empowers financial institutions to compete with larger banks and better serve their communities.
“Ernst & Young recently reported that 74% of small businesses have taken a hit to revenue, profit margins and sales directly due to the pandemic. Growing financial concerns are putting even more pressure on SMBs, causing many to rethink their business models. To to help navigate these challenges, businesses need better banking tools, and Ernst & Young predicts that 36% of SMEs will switch financial providers due to competition from fintech, says Michael Duncan, CEO of Bankjoy.
Duncan added: “To remain relevant, financial institutions need to improve their digital offerings for business customers. It’s not enough to simply provide digital access. That’s why we developed our latest Business Banking platform. We look forward to taking the stage at FinovateFall to show how financial institutions can provide their business customers with a best-in-class digital banking experience.”
About Bankjoy
Detroit-based FinTech, Bankjoy, provides modern banking technology including mobile banking, online banking and a banking API to banks and credit unions – large and small. The company prides itself on creating beautiful products with advanced features, easy navigation, modern looks and world-class user experiences shaped by talking to users. Bankjoy is a Y Combinator and CheckAlt backed company. For more information, visit www.bankjoy.com.
Contacts
Mallory Griffin
York Public Relations
[email protected]
706-830-0868
