AUSTIN, Texas, Oct. 05, 2022 (GLOBE NEWSWIRE) — Today Bankers Helping Bankers (BHB) introduced a partnership with Trust Exchange, a collaborative compliance resolution, to supply a safe and scalable vendor administration platform.
Established by FedFis and the Independent Bankers Association of Texas (IBAT), BHB connects bankers nationwide in order that they will determine options that drive earnings and diversify sources of revenue. Its mission is to raise and unite neighborhood banks throughout the United States to compete with massive, entrenched monetary establishments.
Through the partnership with Trust Exchange, BHB will ship on its promise to assist neighborhood bankers understand technology-enabled effectivity within the analysis and monitoring of their relationships with third-party service suppliers.
Trust Exchange’s groundbreaking platform permits firms to construct safe, customizable networks to attach, gather and instantly trade mission-critical business data in real-time. Through the facility of Trust Exchange’s platform, BHB members will now have the ability to automate, monitor, and handle their third-party vendor threat in real-time.
“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,” stated 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.”
About Trust Exchange
Trust Exchange is a business data gateway that permits for the trade and verification of mission-critical data with companions, suppliers and third events. Trust Exchange is a cloud-based, safe, and scalable platform with excessive configurability and customization. With a novel method of peer 2 peer crowdsourcing, Trust Exchange permits prospects to automate compliance and regulatory administration with excessive accuracy and real-time knowledge. Trust Exchange is at present serving monetary establishments, authorities, and companies nationwide.
For extra data, go to www.trustexchange.com
About FedFis
FedFis offers monetary establishments fintech knowledge analytics and a technique system that tracks Financial, M&A, and Vendor knowledge (together with know-how distributors) on each financial institution and credit score union within the United States. FedFis is dedicated to “truth in banking”, by serving to neighborhood bankers perceive which services and products will finest pair with their current know-how to drive the strategic outcomes for which they attempt. They are at the start, a household business of precisionists. Fifth-generation bankers and know-how specialists with unbelievable depth and keenness for the banking trade. For extra data go to, www.fedfis.com.
About Independent Bankers Association of Texas
Formed in 1974, the Independent Bankers Association of Texas (IBAT) represents Texas’ neighborhood banks. The Austin-based group is the biggest state neighborhood banking group within the nation, with membership comprised of greater than 2,000 banks and branches in 700 Texas communities. Providing protected and accountable monetary companies to all Texans, IBAT member financial institution property vary in dimension from $3 million to $16 billion, with mixed property statewide of $163 billion. IBAT member banks are dedicated to supporting and investing of their native communities. www.ibat.org
Contact Information:
Madeline Sullivan
Marketing Director
[email protected]
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