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CLIMATE FIRST BANK SELECTS FINASTRA SOFTWARE TO DELIVER VALUES-BASED BANKING
Climate First Bank ( In Organization ), the US ’ s
first climate-focused bank , has selected a complete suite of banking software from Finastra . Using Finastra ’ s Fusion Phoenix core banking system , Fusion Digital Banking , Total Lending and other solutions for payments , analytics and more , the de novo bank will be prepared to launch as a fullservice community bank in the spring of 2021 .
Initially servicing the Tampa / St Petersburg region , Climate First Bank will not only provide world-class ,
IT IS IMPERATIVE THAT WE NOT ONLY WORK WITH THE BEST PROVIDERS FOR OUR NEEDS , BUT THAT THEIR VISION ALIGNS WITH AND SUPPORTS OUR MISSION .
demand for more socially responsible institutions , Climate First Bank will expand to become the largest and most profitable eco-conscious and values-based institution in the Southeastern US .
“ As a de novo bank committed to fighting the global climate crisis , it is imperative that we not only work with the best providers for our needs , but that their vision aligns with and supports our mission ,” said Ken LaRoe , Chairman and CEO , Climate First Bank ( I / O ).
“ With Finastra , we found a vendor that delivers on both fronts . We evaluate our vendors through an ESG ( Environmental , Social and Governance ) lens and Finastra stood out for its clear and tangible commitment to redefining finance for good . Its open platform approach and cloud delivery model – which is among the greenest means of technology consumption – ensures we will remain at the forefront of technology as we carry out our mission .” traditional banking services to its customers but will invest in the future by offering climate-focused programmes , including a solar loan option .
The bank ’ s mission is to elevate the typical banking model by supporting local communities , encouraging green infrastructure and promoting sustainable business practices .
Carbon neutral from the day it opens , the bank ’ s programmes will drawdown levels of atmospheric CO 2 to reverse the existential climate crisis that threatens our planet and our lives . By fulfilling a growing
In addition to the value of Finastra ’ s complete suite of banking solutions and strong CSR programme that aligns with Climate First ’ s corporate mission and values , Finastra ’ s strategy and commitment to Open Finance was an important factor in the bank ’ s decision process .
It is vital that the bank has the agility and flexibility to work with FinTechs that enhance its ecosystem of customer-facing solutions . Finastra ’ s FusionFabric . cloud developer platform and marketplace for financial solutions , as well as the Fusion Phoenix core banking system , are built entirely on Microsoft technology with a progressive open API architecture , which fits well with the bank ’ s vision . �
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