{"id":4462,"date":"2021-02-11T11:30:39","date_gmt":"2021-02-11T11:30:39","guid":{"rendered":"https:\/\/www.intelligentcio.com\/north-america\/?p=4462"},"modified":"2021-02-11T11:30:41","modified_gmt":"2021-02-11T11:30:41","slug":"climate-first-bank-selects-finastra-software-to-deliver-values-based-banking","status":"publish","type":"post","link":"https:\/\/www.intelligentcio.com\/north-america\/2021\/02\/11\/climate-first-bank-selects-finastra-software-to-deliver-values-based-banking\/","title":{"rendered":"Climate First Bank selects Finastra software to deliver values-based banking"},"content":{"rendered":"\n

Climate First Bank, the US\u2019s first climate-focused bank, has selected a complete suite of banking software from Finastra.<\/em><\/strong><\/p>\n\n\n\n

Climate First Bank (In Organization), the US\u2019s first climate-focused bank, has selected a complete suite of banking software from Finastra.<\/p>\n\n\n\n

Using Finastra\u2019s Fusion Phoenix core banking system, Fusion Digital Banking, Total Lending and other solutions for payments, analytics and more, the de novo bank will be prepared to launch as a full-service community bank in the spring of 2021.<\/p>\n\n\n\n

Initially servicing the Tampa\/St. Petersburg region, Climate First Bank will not only provide world-class, traditional banking services to its customers but will invest in the future by offering climate-focused programs, including a solar loan option. <\/p>\n\n\n\n

The bank\u2019s mission is to elevate the typical banking model by supporting local communities, encouraging green infrastructure and promoting sustainable business practices.<\/p>\n\n\n\n

Carbon neutral from the day it opens, the bank\u2019s programs will drawdown levels of atmospheric CO2 to reverse the existential climate crisis that threatens our planet and our lives. By fulfilling a growing demand for more socially responsible institutions, Climate First Bank will expand to become the largest and most profitable eco-conscious and values-based institution in the Southeastern US.<\/p>\n\n\n\n

\u201cAs a de novo bank committed to fighting the global climate crisis, it is imperative that we not only work with the best providers for our needs, but that their vision aligns with and supports our mission,\u201d said Ken LaRoe, Chairman and CEO, Climate First Bank (I\/O).<\/p>\n\n\n\n

\u201cWith Finastra, we found a vendor that delivers on both fronts. We evaluate our vendors through an ESG (Environmental, Social and Governance) lens and Finastra stood out for its clear and tangible commitment to redefining finance for good. Its open platform approach and cloud delivery model \u2013 which is among the greenest means of technology consumption \u2013 ensures we will remain at the forefront of technology as we carry out our mission.\u201d<\/p>\n\n\n\n

In addition to the value of Finastra\u2019s complete suite of banking solutions and strong CSR program that aligns with Climate First\u2019s corporate mission and values, Finastra\u2019s strategy and commitment to Open Finance was an important factor in the bank\u2019s decision process.<\/p>\n\n\n\n

It is vital that the bank has the agility and flexibility to work with fintechs that enhance its ecosystem of customer-facing solutions. Finastra\u2019s FusionFabric.cloud developer platform and marketplace for financial solutions, as well as the Fusion Phoenix core banking system, <\/a>are <\/a>built entirely on Microsoft technology with a progressive open API architecture, which fits well with the bank\u2019s vision.<\/p>\n\n\n\n

As a result, the bank will be able to continue to evolve its product offering, leveraging third-party fintechs that meet the bank\u2019s needs. Climate First has already selected the Allied Bill Payment app from Allied Payment Network, a third-party provider of real-time bill payment, which is available through the FusionFabric.cloud store and integrates seamlessly with Fusion Digital Banking.<\/p>\n\n\n\n

\u201cClimate First\u2019s mission to fight the global climate crisis is crucially important and Finastra is honored to work with the bank to further this important cause,\u201d said Chris Zingo, SVP and GM of Americas Field Operations, Finastra.<\/p>\n\n\n\n

\u201cAt Finastra, we are striving to redefine finance for good. As an established fintech, we recognize the responsibility to minimize impact on the environment and to reduce emissions in the financial services sector. Through the digitization of banking processes or the digitalization of financial services, our solutions can aid the reduction of employee travel, paper consumption or energy and we are committed to reducing emissions within our sector, in collaboration with our customers and partners.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Climate First Bank, the US\u2019s first climate-focused bank, has selected a complete suite of banking software from Finastra. Climate First Bank (In Organization), the US\u2019s first climate-focused bank, has selected a complete suite of banking software from Finastra. Using Finastra\u2019s Fusion Phoenix core banking system, Fusion Digital Banking, Total Lending and other solutions for payments, […]<\/p>\n","protected":false},"author":18,"featured_media":4463,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5,50,22,34,39],"tags":[1099,859,1563,1559,557,1562,1203,1561,79,1560,1439],"class_list":["post-4462","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-finance","category-east-coast","category-green","category-more-news","category-software","tag-bank","tag-banking","tag-chris-zingo","tag-climate-first-bank","tag-finastra","tag-fintechs","tag-green","tag-ken-laroe","tag-software","tag-st-petersburg","tag-tampa"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/posts\/4462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/comments?post=4462"}],"version-history":[{"count":3,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/posts\/4462\/revisions"}],"predecessor-version":[{"id":4466,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/posts\/4462\/revisions\/4466"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/media\/4463"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/media?parent=4462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/categories?post=4462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/tags?post=4462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}