Bankers Helping Bankers to launch a collaborative vendor management platform, powered by Trust Exchange
Bankers Helping Bankers (BHB) announced a partnership with Trust Exchange, a collaborative compliance solution, to offer a secure and scalable vendor management platform.
Latest Fintech Insights : Goldman Sachs Asset Management and Cleanhill Partners Acquire Majority Stake in EPC Power Corp.
Established by FedFis and the Independent Bankers Association of Texas (IBAT), BHB connects bankers nationwide so that they can identify solutions that drive earnings and diversify sources of income. Its mission is to elevate and unite community banks across the United States to compete with large, entrenched financial institutions.
Through the partnership with Trust Exchange, BHB will deliver on its promise to help community bankers realize technology-enabled efficiency in the evaluation and monitoring of their relationships with third-party service providers.
Trust Exchange’s groundbreaking platform allows companies to build secure, customizable networks to connect, collect and directly exchange mission-critical business information in real-time. Through the power of Trust Exchange’s platform, BHB participants will now be able to automate, monitor, and manage their third-party vendor risk in real-time.
Read More About Fintech News :Â Modern Treasury and Goldman Sachs Partner to Provide Integrated Software and Payments to Corporate Customers
“Community Banks are absorbing the impact of multiple global trends including the great resignation, increased regulation and automation,” says Edward Sullivan CEO of Trust Exchange. “Consumers have adopted collaboration platforms in the form of Uber, Waze and AirBnB. Trust Exchange is on the forefront of providing enterprise collaboration tools that enable organizations like BHB to leverage their institutional knowledge and collaborate with their peers to actualize value in the form of reduced cost, increased revenue and capacity re-capture.”
“Bankers Helping Bankers was built on the premise that it should be easier for bankers to find their ideal technology partners,” said IBAT President and CEO Christopher Williston. “Finding good partners is just half the battle. We believe that giving community bankers a network-enabled solution for maintaining and monitoring their third-party vendor relationships is an essential next step in our delivery of value.”
Browse The Complete News About Fintech :Â Counterpart Launches AI-Powered Crime Coverage For Small Businesses Backed by Aspen Insurance
[To share your insights with us, please write to sghosh@martechseries.com]Â
