by Tyler Hale
Four participants in the 2019 ICBA ThinkTECH Accelerator program have received non-equity grants from the Association for Financial Technology (AFT). Adlumin, Botdoc, MK Decision and Teslar Software are the receipients of grants that will cover the costs of AFT membership and the costs for the organization’s 2020 spring and fall summits.
All four companies were part of the first cohort for the ICBA ThinkTECH Accelerator, which was hosted by the Venture Center in Little Rock. The 12-week accelerator program was held from January through March in Little Rock.
Adlumin, based in Alexandria, Va., is a finance security automation platform that provides a cloud-native security incident and event management (SIEM) solution that is cost efficient, easy to use and simple to integrate.
Based in Colorado, Botdoc is a secure file transfer service that provides the first ever remote, real-time, digital, secure file transfer that works through text message and e-mail, with encryption at all stages.
MK Decision, a San Diego-based company, digitalizes the customer journey with simple borrower experiences which are designed to optimize conversions.The company’s loan system features paperless processing with machine learning fraud prevention.
Teslar is the sole Arkansas company in the ICBA ThinkTECH Accelerator. The company, which is based in Fayetteville, is a portfolio management system that is robust and aggregates and automates loan and deposit processes into one system.
“Congratulations to Adlumin, BotDoc, MK Decision, and Teslar on their selection for the Association for Financial Technology (AFT) Fintech Grant. We’re thrilled that the inaugural ICBA ThinkTECH Accelerator Cohort continues to produce a huge impact as their game-changing technologies enable community banks to improve their customers’ lives. We look forward to seeing more positive impacts of our work together,” Brian Bauer, the Venture Center’s Managing Director for Fintech Accelerators, said.
ICBA Services Network chief operating officer Kevin Tweddle says that the grants are critical for allowing the four companies to grow and develop deeper industry connections to advance their fintech businesses.
“Understanding the existing technology landscape serving U.S. financial institutions is critical to most fintechs’ successes,” he said in a statement. “The grants will enable these four companies to participate and engage with the leading financial technology providers and help them gain an understanding of business relationships, integrations and how they can advance their businesses.”
Founded in 1972, the Association for Financial Technology is an organization dedicated to professional development for individuals and companies that service the financial sector, from banks, credit unions, payment companies and more. Its 2020 Spring Summit will be held March 15-17 in La Jolla, Calif., and the fall summit will be held September 13-15 in Vancouver, British Columbia.