Newtek Bank and Apiture Celebrated for Groundbreaking Fintech Partnership, Tripling Bank Deposits in 2023,
Published / Modified Dec 10 2024
CSIMarket Team / CSIMarket.com
In a testament to their innovative synergy, Newtek Bank, N.A. and Apiture have been distinguished with the prestigious recognition for the Most Effective Bank-Fintech Partnership at this year s IBSi Global FinTech Innovation Awards. This accolade is awarded to collaborations that exemplify exceptional integration and advancements in financial technology, and this partnership has raised the bar significantly.
The strategic alliance between Newtek Bank and Apiture has borne remarkable fruit over the past year, culminating in Newtek Bank achieving a threefold increase in deposits throughout 2023. This impressive growth is attributed to the deft utilisation of Apiture s cutting-edge digital banking platform, which has redefined Newtek Bank s approach to customer engagement and financial services.
Newtek Bank s substantial uptick in deposits is a direct consequence of embracing Apiture?s innovative solutions, which offer a seamless, digital-first banking experience. The platform s intuitive interface and robust security features have empowered Newtek Bank to enhance customer satisfaction by streamlining their banking processes and offering a more personalised, efficient service.
The collaboration underscores the critical role fintechs play in modern banking ecosystems. By leveraging Apiture?s platform, Newtek Bank has not only expanded its customer base but has also fortified its position as a forward-thinking institution committed to adopting the latest technological advancements. This partnership demonstrates how banks can effectively harness the power of fintech to drive growth and innovation in an increasingly competitive market landscape.
Peter Downs, CEO of Newtek Bank, lauded the partnership, stating, ?Working with Apiture has been a transformative endeavour for us. Their digital banking platform has provided our customers with an unparalleled level of service, and this award solidifies the success of our collaboration.?
Similarly, Chris Babcock, CEO of Apiture, expressed enthusiasm about the recognition, highlighting the inherent value in their strategic alliance. Our partnership with Newtek Bank has shown how technology and finance can work together to achieve extraordinary results. We are thrilled to have contributed to their phenomenal growth, he said.
As the financial sector continues its rapid evolution, the Newtek Bank-Apiture partnership sets a sterling example of how leveraging fintech can drive significant growth and innovation. Their success serves as an inspiration and a benchmark for institutions striving to integrate technology strategically into their operations.
Sources for this article: Press release, News Wire, Globe Newswire, Business wire, Pr newswire.... and CSIMarket.com Customer Analytics Research for
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