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Radius Bank has partnered with MassChallenge FinTech to further its support for the fintech community.
The virtual bank announced yesterday its collaboration with the accelerator program, which matches enterprise-ready fintech startups with industry leaders to bring to market emerging products and services that have the power to transform the financial services ecosystem.
“We are honored to support MassChallenge FinTech,” Huma Usmani, vice president of emerging technologies and consumer partnerships at Radius Bank, said in a statement. “Radius has a history of strategic partnerships with forward-thinking early and late stage fintechs – whether it be to improve our own technology stack or as sales channels to grow deposits bringing a banking product to market in collaboration. This investment, into a community headquartered in our backyard in Boston, allows us to support and actively participate in the continued evolution of products and services for the financial services industry.”
In just the last year, Radius has worked with five fintech partners to improve user experience for consumers and small businesses, and to develop new sales and deposit channels.
Twenty-one startups are part of MassChallenge’s FinTech 2019 inaugural cohort. They represent technologies that will advance financial services from AI-powered onboarding platforms to modern giving solutions. The organization drives outcome-driven partnerships between startups and enterprises that tackle some of the industry’s biggest pain points and opportunities.
“MassChallenge FinTech is incredibly excited to partner with our Seaport neighbor Radius Bank for 2019,” Devon Sherman, program director of MassChallenge FinTech, said in a statement. “Radius Bank shares our commitment to innovation in financial services, and together, we can better support the groundbreaking fintech startups working to solve massive challenges in our industry.”
