FINTECH at Georgia’s Community Banks Creating high-tech, high-touch experiences that provide value for customers Community banks have been built on providing outstanding customer service and bankers knowing their customers. Georgia’s community banks are also known for having a competitive edge by combining technology with personal service to offer a remarkable customer experience while meeting the evolving needs of their customers. In 2019, CBA partnered with the Advanced Technology Development Center (ATDC), the state of Georgia’s technology startup incubator to identify, develop, and refine financial technology (FinTech) solutions for community banks. The CBA ATDC FinTech Committee was formed, and Georgia’s community banks are taking the lead in finding FinTech solutions for their customers. “Finding the most appropriate FinTech solutions to better serve their customers is at the forefront of every community banker’s mind,” said John McNair, President & CEO, Community Bankers Association of Georgia. “The partnership between ATDC and the CBA will greatly accelerate the introduction, implementation, and acceptance of new solutions — all while producing greater economic benefit to the Georgia economy”
“CBA is thrilled to be leading this effort on behalf of Georgia’s great and robust community banking industry.” An economic development offering of Georgia Tech’s Enterprise Innovation Institute, ATDC’s collaboration with CBA further advances the incubator’s mission to support the growth and development of FinTech startups in Georgia through the ATDC FinTech Program.
SPOTLIGHT
FinTech HUB
• Georgia FinTech Companies generate annual revenues of more than $72 billion, placing third in the nation. • Georgia companies employ more than 10,000 network and computer system engineers. • Roughly 100 FinTech companies are headquartered or have a significant presence in Georgia. Six of the ten largest U.S. payment processing firms are Georgia-based. • Georgia FinTech organizations employ more than 30,000 professionals in the state and over 130,000 globally. • Georgia FinTech companies process over 118 billion transactions per year representing over $2 trillion of purchase volume each year, supporting nearly 4 million merchants. Source: Technology Association of Georgia
S e p t e m b e r / Oc t ob e r 2 0 2 0 | G e or g i a C o m m un i ti es F i rs t | 9
