Group of 12 US community and regional banks have founded Alloy Labs Alliance

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Group of 12 US community and regional banks have founded Alloy Labs Alliance

  • Fintech Forge will manage the alliance, and Crowe LLP, a public accounting, consulting and technology firm, will provide advice and services regarding regulatory and compliance matters
  • Every bank needs to innovate in order to drive down operating costs while ramping up the value we can deliver to the customer
  • Alloy Labs is a platform for banks to identify shared areas of opportunity, and establish smaller workgroups to share best practices through implementation
  • Working collaboratively, the banks aim to work with fintech start-ups to shape their solutions
  • Currently working on both customer facing applications and back office efficiencies