Bankjoy Selected to Demo New Business Banking Platform at FinovateFall 2022
DETROIT, Mich., August 22, 2022 — Digital banking provider Bankjoy has been selected to demo its latest Business Banking platform at FinovateFall 2022. This marks the second time Bankjoy has taken the Finovate stage to showcase its cutting-edge digital technology.
Bankjoy’s Business Banking platform features one portal for multiple business accounts, the ability to manage multiple users, control permissions, and send transfers to multiple recipients, as well as a dual approval process to reduce fraudulent activity. These features are designed with a superior UX, helping businesses efficiently and effectively manage their finances. With more than 60 integrations with core banking platforms and other third-party vendors, Bankjoy makes it easier and more cost-effective for community banks and credit unions to deliver truly feature-rich digital banking technology to their business customers.
“As the premier fintech event, Finovate has proudly showcased the industry’s most cutting-edge and innovative technologies at its Fall and Spring events. This year, we’re pleased to welcome back Bankjoy to the stage and see their latest Business Banking platform in action," said Greg Palmer, VP of Strategy at Finovate. “As business owners and entrepreneurs look for more modern digital banking tools from their banking partners, we look forward to seeing greater innovation in this area.”
Bankjoy’s Business Banking platform is an expansion of the company’s current world-class digital banking solution, previously showcased at Finovate. Since the company’s launch, Bankjoy has partnered with more than 50 community financial institutions across the country to deliver a world-class digital banking experience. By enabling banks and credit unions to provide a more modern, digital-first banking experience to their customers and members, Bankjoy empowers financial institutions to compete with larger banks and better serve their local communities.
“Ernst & Young recently reported that 74% of small businesses have taken hits to revenue, profit margins and sales directly because of the pandemic. Growing economic concerns are placing even greater pressures on SMBs, prompting many to rethink their business models. To help navigate these challenges, businesses need better banking tools, and Ernst & Young predicts that 36% of SMBs will switch financial providers because of competition from fintechs,” said Michael Duncan, CEO of Bankjoy.
Duncan added, “To remain relevant, financial institutions must improve their digital offerings for business customers. Simply providing digital access isn’t enough. That’s why we developed our latest Business Banking platform. We look forward to taking the stage at FinovateFall to show how financial institutions can provide their business customers with a best-in-class digital banking experience.”
Detroit-based FinTech, Bankjoy, delivers modern banking technology, including mobile banking, online banking, and a banking API to banks and credit unions — big and small. The company prides itself on creating beautiful products with advanced features, simple navigation, modern look and feel, and world class user experiences shaped by talking to users. Bankjoy is a Y Combinator- and CheckAlt-backed company. For more information, visit www.bankjoy.com.