Relationships with business banking customers has become increasingly important over the last few years, especially with several competitors in the market. How is your FI taking your customer into consideration when providing digital solutions? The latest article in Bank Business by President and Co-founder of Bank Labs breaks down how to build a better relationship with business banking customers : https://www.bankbusiness.us/so-you-say-youre-a-relationship-banker/
BankLabs Expands Operations in Arkansas with Support from Arkansas Economic Development Commission
BankLabs, a national provider of innovative mobile technology products for financial institutions, today announced that it is creating up to 19 full-time professional FinTech positions at its operations in Little Rock and is seeking highly qualified employees.
“Our goal is to differentiate the financial institutions that are not happy with the status quo from those that are resistant to change,” said Matt Johnner, president and co-founder of BankLabs. “Our clients want new ways to do things that leverage their strengths. BankLabs Chairman and CEO Mike Montgomery, has a rich history as a leader with Arkansas-based Systematics and Alltel Information Services. We both look forward to the next wave of innovation that BankLabs can help create.”
BankLabs seeks to grow the Arkansas economy into one that is focused on hi-tech, high-paying jobs, he said, and is pleased with the support from the Little Rock Regional Chamber of Commerce and Arkansas Economic Development Commission (AEDC) including tax credits and introductions to identify talented candidates.
“BankLabs is directly contributing to the resurgence of Arkansas as a FinTech leader,” said AEDC Executive Director Mike Preston. “The company is not only helping banks, but also creating FinTech marketplace options that expand business opportunities for everyone in the industry and across the globe. We are hopeful that the state’s support will not only help BankLabs grow its Little Rock team, but also help to improve the state’s economy.”
BankLabs recently added +Pay to its product offerings, automating the payment stream to sub-contractors from banks, general contractors, builders, title companies or disbursing agents. +Pay integrates seamlessly with BankLabs’ Construct product, which automates the residential and commercial construction loan process for banks and non-bank lenders. Together, they make the world’s first cloud-based vertically integrated construction finance platform.
“The expansion of BankLabs is another example of Little Rock’s growing FinTech industry,” said Little Rock Mayor Mark Stodola. “With our large banking presence and the 3rd VC FinTech Accelerator Powered by FIS occurring this summer at the Tech Park, the growing cluster of FinTech companies in Little Rock is now stronger than ever.”
Little Rock Regional Chamber of Commerce Board Chair Cathy Tuggle said, “We are excited to have an innovative company like BankLabs decide to continue its growth in the capital city. The Little Rock Technology Park and Venture Center have helped create a start-up environment where companies like BankLabs can flourish. This project is another wonderful example of our community’s entrepreneurial investment already succeeding.”
BankLabs is currently looking to fill highly paid professional product development and customer success positions in Arkansas. To apply, visit banklabsstaging.mystagingwebsite.com.
The mission of BankLabs is to reimagine banking products of the future through community-oriented technologies that create new fee income, attract deposits, expand loan opportunities and differentiate the financial institution from competitors. BankLabs believes that community banking is a way of doing business, not a size, location or traditional definition. For more information, visit banklabsstaging.mystagingwebsite.com.
William Mills Agency, the largest independent public relations and content marketing firm specializing in the financial industry, announced today that it will provide PR services to BankLabs. BankLabs is a national provider of innovative mobile technology products helping community banks improve efficiency, increase time for relationships with customers and create marketplace options that expand business opportunities.
With offices in both Dallas and Little Rock, Ark., BankLabs has bank customers in 28 states and two countries, as well as development consortiums to facilitate development with bank partners. BankLabs’ CEO and Co-Founder Mike Montgomery uses 40 years of banking experience to cultivate innovative banking technology products.
BankLabs’ latest product, Construct®, is a web-based product that automates the construction loan management process for community banks. It’s paperless, accessible from any mobile device or computer, drives productivity and modernizes the experience for all parties involved.
The company also offers OREO (Other Real Estate Owned) Automation®, enabling community banks to quickly sell OREO properties by automating and tracking property details, inspection history, appraisals and payments. These transactions are secure, fully automated and provide examiners with an easily reviewable, paperless audit trail.
“WMA’s public relations strategy will support BankLabs in solidifying our position as a leader in providing community bankers with the tools they need to compete in today’s market,” said Matt Johnner, president and co-founder of BankLabs. “With our deep understanding of community banking and the agency’s overall industry knowledge and relationships, we’re enthusiastic about working with them to promote our mission.”
“William Mills Agency has built our reputation by helping our clients improve brand awareness and establish themselves as industry thought leaders through strategic, balanced public relations programs,” said William Mills III, CEO of William Mills Agency. “It’s a privilege to be selected as BankLabs’ agency of record (AOR), and we look forward to helping them communicate to community banks that can benefit from their services.”
BankLabs was created by community bankers, for community bankers. The company designs innovative mobile technology products that help community banks improve efficiency, increase time for relationships and create fintech marketplace options that expand business opportunities outside their traditional local market. BankLabs couples the fundamental banking experience with modern, mobile-first, banker-first approaches to product design. The company is committed to the pursuit of creating web-based mobile apps to deliver competitive advantages to community banks. For more information, please visit banklabsstaging.mystagingwebsite.com.
About William Mills Agency
Founded in 1977, the Atlanta-based company has established its reputation in the industry through successful execution of media relations, marketing services and crisis communication campaigns for hundreds of companies ranging in size from entrepreneurial start-ups to large, publicly traded corporations throughout North America, Europe, Africa and India. For more information, please visit www.williammills.com.