IBAT Launches ‘IBATx’ Accelerator Program for Community Banks,
Announcing CollateralEdge as the first Fintech Partner
Announcing CollateralEdge as the first Fintech Partner
The program is designed to meet the unique needs of community banks, providing them access to breakthrough financial technology solutions and a rapid adoption ramp to value
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Austin, TX - July 11, 2023 - The Independent Bankers Association of Texas (IBAT), the largest state community banking organization in the US, is excited to unveil its innovative fintech accelerator program -- IBATx. Designed exclusively for community banks, IBATx aims to provide a trusted platform of ready-to-use technology solutions to bolster competitiveness and efficiency among community banks.
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The program has two objectives: to provide rapid commercialization and to streamline bank access. It will empower community banks to quickly and easily commercialize fintech solutions customized to their specific needs. With IBATx-endorsed vetting and contracting processes, banks have an easier path to harness the fintech solutions that deliver near-term value and reduce unnecessary costs. This results in faster adoption timelines, less uncertainty around deployment, and ultimately better outcomes for the banks’ customers.
By leveraging IBAT's deep industry experience and contacts, community banks in the IBATx Program will gain preferred access to the most relevant fintech solutions customized for the community banking market. Additionally, bankers will have opportunities to engage industry experts and mentors, resulting in actionable insights to drive immediate returns for their business.
Partnership Spotlight: IBATx and CollateralEdge
As part of the launch of this new program, IBATx is also announcing its formal partnership with CollateralEdge, a groundbreaking fintech firm based in Texas. CollateralEdge, led by co-founders Joe Beard and Joel Radtke, specializes in delivering flexible commercial loan support solutions to community banks.
CollateralEdge’s innovative solutions empower community banks to compete for the most attractive commercial loan customers by offsetting repayment risk behind the scenes in the commercial underwriting process. Amidst the backdrop of 2023’s banking industry volatility due to interest rate fluctuations and deposit concerns, the CollateralEdge solution enables banks to achieve higher transaction success rates while driving profitability and diversity in their commercial loan book.
Christopher Williston, President and CEO of IBAT, expressed his enthusiasm, “We are thrilled to inaugurate IBATx and proudly spotlight our collaboration with CollateralEdge. Community banks provide the fuel that propels our robust Texas economy, so providing them with advanced fintech tools is imperative for their sustained growth and ability to serve their communities.”
Joel Radtke, co-founder and President of CollateralEdge, emphasized the mission-driven nature of the company, “Our dedication to empowering community banks to prosper in a highly competitive landscape is the force that drives our team daily. Our affiliation with the IBATx Program marks a significant milestone in our relentless pursuit to provide a competitive edge for the community banking sector in Texas and beyond.”
IBATx is now reviewing applications from community banks in conjunction with the Bankers Helping Bankers Test Pilot Program for preferred access to IBATx partners. To learn more about the program and associated benefits, please visit www.bankershelpingbankers.com.
About IBAT
The Independent Bankers Association of Texas is the nation’s foremost state community banking organization, steadfastly supporting Texas community banks since 1974. As an advocate and educator, IBAT represents over 2,000 community banks across Texas.
About CollateralEdge
CollateralEdge is a Texas-based fintech company that delivers commercial loan support solutions to community banks. CollateralEdge’s product suite provides their bank customers with flexible options to structure more competitive commercial loans that better meet borrowers’ complete credit needs, while adhering to the bank’s underwriting standards. www.collateraledge.com
About Bankers Helping Bankers
Bankers Helping Bankers (BHB) is a bankers-only social platform for collaboration and education. Through data tools and dynamic user groups, BHB provides community bankers with a knowledge base focused on bank technology and emerging Fintech companies, as well as hot topics such as cryptocurrencies, banking-as-a-service, becoming a sponsor bank, and launching a direct digital brand. The BHB ecosystem includes access to capital, executive support with access to experts, a roadmap to navigate financial technology integrations, a direct connection to Fintech sponsor banks and a marketplace of community bank customers. It is the most complete end-to-end ecosystem for community bank-supportive technology companies. The BHB platform is free for bankers, reaching 75% of U.S. banks.
By leveraging IBAT's deep industry experience and contacts, community banks in the IBATx Program will gain preferred access to the most relevant fintech solutions customized for the community banking market. Additionally, bankers will have opportunities to engage industry experts and mentors, resulting in actionable insights to drive immediate returns for their business.
Partnership Spotlight: IBATx and CollateralEdge
As part of the launch of this new program, IBATx is also announcing its formal partnership with CollateralEdge, a groundbreaking fintech firm based in Texas. CollateralEdge, led by co-founders Joe Beard and Joel Radtke, specializes in delivering flexible commercial loan support solutions to community banks.
CollateralEdge’s innovative solutions empower community banks to compete for the most attractive commercial loan customers by offsetting repayment risk behind the scenes in the commercial underwriting process. Amidst the backdrop of 2023’s banking industry volatility due to interest rate fluctuations and deposit concerns, the CollateralEdge solution enables banks to achieve higher transaction success rates while driving profitability and diversity in their commercial loan book.
Christopher Williston, President and CEO of IBAT, expressed his enthusiasm, “We are thrilled to inaugurate IBATx and proudly spotlight our collaboration with CollateralEdge. Community banks provide the fuel that propels our robust Texas economy, so providing them with advanced fintech tools is imperative for their sustained growth and ability to serve their communities.”
Joel Radtke, co-founder and President of CollateralEdge, emphasized the mission-driven nature of the company, “Our dedication to empowering community banks to prosper in a highly competitive landscape is the force that drives our team daily. Our affiliation with the IBATx Program marks a significant milestone in our relentless pursuit to provide a competitive edge for the community banking sector in Texas and beyond.”
IBATx is now reviewing applications from community banks in conjunction with the Bankers Helping Bankers Test Pilot Program for preferred access to IBATx partners. To learn more about the program and associated benefits, please visit www.bankershelpingbankers.com.
About IBAT
The Independent Bankers Association of Texas is the nation’s foremost state community banking organization, steadfastly supporting Texas community banks since 1974. As an advocate and educator, IBAT represents over 2,000 community banks across Texas.
About CollateralEdge
CollateralEdge is a Texas-based fintech company that delivers commercial loan support solutions to community banks. CollateralEdge’s product suite provides their bank customers with flexible options to structure more competitive commercial loans that better meet borrowers’ complete credit needs, while adhering to the bank’s underwriting standards. www.collateraledge.com
About Bankers Helping Bankers
Bankers Helping Bankers (BHB) is a bankers-only social platform for collaboration and education. Through data tools and dynamic user groups, BHB provides community bankers with a knowledge base focused on bank technology and emerging Fintech companies, as well as hot topics such as cryptocurrencies, banking-as-a-service, becoming a sponsor bank, and launching a direct digital brand. The BHB ecosystem includes access to capital, executive support with access to experts, a roadmap to navigate financial technology integrations, a direct connection to Fintech sponsor banks and a marketplace of community bank customers. It is the most complete end-to-end ecosystem for community bank-supportive technology companies. The BHB platform is free for bankers, reaching 75% of U.S. banks.
Source: FI FinTech Newsroom