“FintechAccel | CU” launched to become the fintech innovation platform for the credit union industry
COLUMBUS, OH (August 8, 2019) — Sherpa Technologies has partnered with some of the brightest minds in the fintech space to create and launch the credit union industry’s premier fintech innovation platform, FintechAccel | CU. The focus of this fintech innovation platform will be to work with industry executives throughout the country to identify and solve issues facing the credit union industry by finding, fostering, showcasing, and partnering with fintech startups.
“When we launched Sherpa, it was with a singular focus: leading the member experience journey for credit unions,” says Keith Riddle, president and CEO of Sherpa Technologies. “Our partnership with the operating team and program participants at FintechAccel | CU allows us to build on that mission by linking credit unions with the top fintech startups in the world to solve our industry’s unique problems.”
Sherpa will be collaborating with fintech providers to standardize due diligence and streamline solution vetting through a combination of unique functionality embedded within the Mosaic digital business platform and innovative testing tools from ConnectFSS, a partner and program participant. Mosaic will also be leveraged to accelerate the integration and distribution of fintech solutions to the credit union industry.
“The credit union industry is an ideal fit to partner with leading fintech companies as they look to retain their competitive advantage in an ever-changing banking landscape that consists of enormous technology budgets. FintechAccel | CU will provide the platform to identify, evaluate, and partner with fintech startups to solve some of the major issues facing credit unions today,” says Kevin Pohmer, Managing Director of FintechAccel and former CEO/founder of Financial Guard.
Initial sponsoring participants of FintechAccel | CU include Corning Credit Union, Gulf Winds Credit Union, Kemba Credit Union, Virginia Credit Union, One Nevada Credit Union, Northrop Grumman Federal Credit Union and Connect Financial Software Solutions (FSS).
In order to be agile in their endeavors in their first year, FintechAccel | CU will be engaging with fintech startups that align with problem statements prioritized by the program participants and will focus on improving and enhancing member experience, deposit acquisition, lending, and digital transformation.
Startups who participate in the inaugural cohort will be invited to Sherpa’s FintechAccel | CU one-day Fintech Showcase hosted in Tampa, Florida, this November. The Showcase will include mentoring from the program participants and subject matter experts, an opportunity to pitch to credit union industry leaders, and access to potential credit union partners. Interested startups can apply at www.fintechaccelcu.com. The application process for fintech startups will begin on August 15th, 2019.
About Sherpa Technologies
Sherpa Technologies, a credit union service organization (CUSO) owned by Corporate One Federal Credit Union, is leading a digital transformation journey to provide integrated, seamless, and personalized member experiences for credit unions and members. As the first credit union-specific, non-core, thirdparty service provider of a hosted gateway to the RTP® network from The Clearing House to a certified credit union, Sherpa has the expertise to partner with credit unions on payments modernization efforts
that enhance digital and real-time payments experiences. Learn more at www.sherpatech.org.
About FintechAccel
FintechAccel is a platform that creates ecosystems for financial services organizations to engage in external innovation, specifically with fintech startups and solutions. Led by a team of serial entrepreneurs, FintechAccel leverages their knowledge and networks to operate fintech accelerators, showcases, events, and its unique Venture Studio model. Learn more at www.fintechaccel.com. or contact, Kevin Pohmer, Managing Director, 917-273-4706, kevin@fintechaccel.com .
