Banking News

Third Coast Bank Joins National Innovation Consortium

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Alloy Labs Members Work Together to Drive Innovation, Build Partnerships, and Make Strategic Investments

Third Coast Bancshares, Inc. the bank holding company for Third Coast Bank, SSB, announced that it has joined Alloy Labs, a consortium of community and mid-sized banks focused on adopting technology more effectively and efficiently by speeding up the pace of innovation of new FinTech products.

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Participation in the consortium will allow Third Coast access to state-of-the-art FinTech products and services at the forefront of the banking industry, creating opportunities to share best practices through collaboration.  Third Coast will also have access to the Concept Lab, a reverse accelerator program that builds partnerships between banks and startups that provide services outside of traditional banking.  Ultimately, Third Coast’s technology platform will bring a comprehensive suite of innovative and cost-effective cloud based FinTech products to market in response to the growing demand from its customers.

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Members of Alloy Labs identify opportunities for differentiation and co-create solutions that give banks a competitive edge to drive innovation, build partnerships, and make strategic investments, allowing members to accelerate their transformation by tackling the challenges of modernizing bank architecture.  The consortium helps banks provide products and services that their customers’ need and want, allowing a more level playing field with large, national banks. Alloy Labs Alliance was launched in 2018 by twelve founding banks from across the country, and has grown to over 50 institutional members.

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