Fintech to join seventh cohort to develop digital onboarding solutions for community banks
Prelim, an industry-leading Silicon Valley fintech renowned for its digital onboarding solutions for consumer and business deposit accounts, announced today its selection to the Independent Community Bankers of America®’s (ICBA) ThinkTECH Accelerator Program, which kicked off May 19 at the ICBA Center for Innovation in Atlanta.
Since its inception, the ICBA ThinkTECH Accelerator program has connected the most innovative, cutting-edge fintech companies in the world with more than 1,400 community bankers and industry leaders — identifying and designing workable solutions that solve today’s modern banking needs.
The selected companies are focused on supporting several top areas critical for today’s community bankers, including onboarding, analytics, automation and compliance. The second of two accelerator programs planned for 2024, these solutions will provide vital support for community banks nationwide. The program will allow Prelim, which has partnerships with more than 100 financial institutions, to bring its innovative technology to community banks nationwide.
“As a leading presence in the global financial services market, we are thrilled to participate in the ICBA ThinkTECH Accelerator, a vital source of community banking innovation since 2019,” said Heang Chan, co-founder and CEO of Prelim. “In today’s rapidly evolving digital-first world, Prelim is committed to innovation and providing best-in-class online and in-branch onboarding solutions community banks need to thrive and succeed.”
Founded in 2017 by CEO Heang Chan and CTO Chris Blaser, Prelim is a Silicon Valley-based fintech company serving banks with more than $5 trillion in assets. Prelim’s technology seamlessly onboards bank deposit accounts and sits on top of popular core systems including Fiserv, FIS, Jack Henry, Finastra, and CSI. Prelim orchestrates more than 24 disparate bank systems and applications using point-to-point integrations to help bank employees streamline work as they review, process, underwrite, and onboard new accounts. From onboarding deposit customers to provisioning treasury services and originating select lending products, Prelim’s vision is to provide a single platform to power the next generation of banking.
“We are excited to have Prelim join us as a member of our latest ThinkTECH accelerator cohort,” ICBA Executive Vice President and Chief Innovation Officer Charles Potts said. “With the spotlight still on deposit growth and rising consumer demand for digital banking services, it’s critical that community banks have the right resources to service their customers and remain competitive.”
For more information about Prelim, visit prelim.com. For more information about the ICBA ThinkTECH Accelerator, visit www.icba.org/accelerator.
About Prelim
Prelim is a leading Silicon Valley fintech company providing digital account onboarding solutions for more than 100 financial institutions, including Seattle Bank, HCN Bank, Stellar Bank, Colony Bank, and more. Prelim Solutions empowers banks, credit unions, and other financial institutions to digitize the customer journey from onboarding to servicing, making it easy for employees to better serve customers by automating internal operations such as reviewing, processing, underwriting, and servicing. Built by banking experts, Prelim's flexible, open architecture platform delivers a better customer experience through process automation for identity verification, issuing services from the core, and so much more. For more information, please visit prelim.com.
About ICBA
The Independent Community Bankers of America® has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation’s community banks through effective advocacy, education, and innovation.
As local and trusted sources of credit, America’s community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers’ financial goals and dreams. For more information, visit ICBA’s website at icba.org.
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Contacts
Prelim
Karine Teffah
karine@prelim.com
