Leading regulatory fintech continues as ICBA Corporate Member in service to the nation’s community banks
Austin, TX - August 5, 2024 — RiskScout today announced its successful completion of the Independent Community Bankers of America’s (ICBA) ThinkTECH Accelerator Program.
RiskScout is a team of former bank examiners, BSA professionals, and fintech developers helping financial institutions grow and be more efficient and profitable. Through a full BSA/AML suite and specialized market tools, RiskScout's solutions increase revenue and decrease compliance costs by unlocking new deposit streams and automating compliance workflows.
“ICBA ThinkTECH aims to address community bankers’ most pressing needs, and RiskScout's founders continued to validate their selection as one of six standout solutions based on the strength of their offering and common goal of helping communities flourish,” ICBA Executive Vice President and Chief Innovation Officer Charles Potts said. “We are honored to continue our affiliation with RiskScout and wish them future success in supporting the community banking ecosystem.”
During the accelerator, RiskScout shared its newly announced BSA/AML solution with over 100 community banks, gathering valuable feedback. This process allowed RiskScout to showcase innovative solutions to common challenges and enhance the efficiency of financial crime monitoring systems. With these improvements, bankers can focus on daily operations and community safety without being bogged down by back-office workflows.
“The ICBA ThinkTECH Accelerator has been instrumental in refining RiskScout’s offerings and fine-tuning our go-to-market strategy for community banks,” said Justin Fischer, CEO & Co-Founder of RiskScout. “We are committed to helping community banks embrace innovative and intuitive compliance solutions so community banks and the customers they serve continue to flourish.”
The AP7 cohort -- focused on artificial intelligence, financial health and wellness, subscription management, digital onboarding, and compliance -- presented their solutions at the Graduate School of Banking at Colorado for its student body on July 24th . To request the recording for the live-streamed event, click here.
For more information about RiskScout, visit riskscout.com. For more information about the ICBA ThinkTECH Accelerator, visit www.icba.org/accelerator.
About RiskScout
RiskScout is a team of former bank examiners, BSA professionals, and fintech developers helping financial institutions grow and be more efficient and profitable. We are funded and influenced by over 200 financial institutions through Launchpad + Castle Creek, Bankers Helping Bankers Fund, and Alloy Labs networks, and we’re proud that 100% of our customers are referenceable. Through a full BSA/AML suite and specialized market tools, RiskScout's solutions increase revenue and decrease compliance costs by unlocking new deposit streams and automating compliance workflows.
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.
We had a incredible time working with community bankers and we're looking forward to helping more take the B***S*** out of BSA. If you want to unlock better BSA for your institution, get started today:
