Offering retail and business banking, payment and corporate services, HR and payroll technologies, consumer and mortgage lending, and more to help people and businesses reach their financial goals, Bangor Savings Bank has announced that it is now a part of the American Fintech Council (AFC).
By joining the industry association representing responsible fintech companies and innovative banks, Bangor Savings Bank will collaborate with other fintechs to leverage innovative financial solutions and help provide accessible, technology-driven banking for all.
A standards-based organisation, AFC is the trade association representing the largest fintech companies and innovative banks offering embedded finance solutions. AFC’s mission is to promote a transparent, inclusive, and customer-centric financial system by supporting responsible innovation in financial services and encouraging sound public policy. AFC members foster competition in consumer finance and pioneer products to better serve underserved consumer segments and geographies.
Welcoming Bangor Savings Bank into the fold, Phil Goldfeder, chief executive officer of AFC, said: “Bangor Savings Bank is a trusted financial services leader focused on delivering customer-centric banking that meets a wide range of needs. Their commitment to technological advancement and fintech innovation, while maintaining trust and a strong community presence, aligns with the core values of AFC.”
Meeting Bangor Savings Bank
Bangor Savings Bank is a community bank dedicated to offering a comprehensive range of financial products and services, with a focus on leveraging fintech innovation to meet customers wherever and however they need. It is committed to providing financial tools and resources that meet the needs of those it serves throughout Northern New England.
In addition to traditional banking services, Bangor Savings Bank offers card payment and digital solutions, including Buoy Local, a mobile app-based rewards program that promotes locally owned businesses through innovative technology, as well as its everblue credit card suite and merchant card solutions.
“Joining the American Fintech Council marks an exciting step forward in delivering innovative banking solutions to our customers and fintech partners,” said Bob Montgomery-Rice, president and CEO of Bangor Savings Bank.
“We’re committed to helping customers achieve financial security and success through technology-driven capabilities. By collaborating with AFC and other leaders in the fintech space, we aim to further develop consumer-centric offerings that drive financial innovation and enhance the banking experience for everyone.”
AI level 0 of 5: researched, written and edited by Darlyn Ho without generative AI; only everyday tools such as spelling and grammar checkers were used. What the levels mean
