Finxact chosen to underpin launch of new branchless US bank

Battle Bank, from Colorado-based Battle Financial, will be a branchless digital bank offering traditional deposit accounts as well as foreign currency and precious metals accounts

Finxact will provide the banking operations platform for a new bank expected to launch in the second half of this year.

Battle Bank, from Colorado-based Battle Financial, will be a branchless digital bank offering traditional deposit accounts as well as foreign currency and precious metals accounts. 

Frank Trotter and Vincent Amato, both a part of the former group of founders of everBank.com, are leading the development and launch of Battle Bank, with the support of Finxact. 

Finxact’s SaaS platform is engineered to support the scale and regulatory requirements of the largest US-based financial institutions.

Its cloud-native core banking system provides 100% accessibility to all data and functions via a robust set of modern APIs, empowering banks and their partners to rapidly deliver new experiences by creating products on demand and integrating new services as needed. 

Commenting on the selection of Finxact to provide Battle Bank’s banking operations platform, chief operating officer Amato says: “As an open core, Finxact is a platform for the business of banking that has empowered Battle Bank to be the author of a bespoke product ecosystem, selecting the solutions from the best-in-class providers that we believe will best serve our customers.” 

“This level of control and agility is a competitive advantage that with Finxact we will be making part of our foundation.”

Ryan Victor, chief revenue officer at Finxact, adds: “We are honoured to be selected by Battle Financial as the core platform for Battle Bank’s product and service delivery.”

“Throughout our engagement with the bank, it was evident that Vincent and his team wanted a partner that could be flexible and agile as they evaluated prospective solutions for their ecosystem. This selection is validation that Finxact continues on the right path.”

Images: Finxact, Battle Bank

Mark Dugdale