Bankjoy Selected to Demonstrate New Business Banking Platform at FinovateFall 2022

DETROIT–(BUSINESS WIRE)–Digital Banking Provider Bankjoy has been selected to demonstrate its latest business banking platform at FinovateFall 2022. This is the second time that Bankjoy has taken to the Finovate stage to showcase its cutting-edge digital technology.

Bankjoy’s Business Banking platform includes a portal for multiple business accounts, the ability to manage multiple users, control authorizations and send transfers to multiple recipients, and a dual approval process to reduce fraudulent activity. These features are designed with superior UX, helping businesses manage their finances efficiently. With over 60 integrations with leading banking platforms and other third-party providers, Bankjoy makes it easier and more affordable for community banks and credit unions to deliver truly feature-rich digital banking technology to their business customers.

“As the premier fintech event, Finovate proudly showcased the most advanced and innovative technologies in the industry at its fall and spring events. This year, we are thrilled to welcome Bankjoy back to the stage and see their latest business banking platform in action,” said Greg Palmer, Vice President of Strategy at Finovate. “As business owners and entrepreneurs seek out more modern digital banking tools from their banking partners, we hope to see greater innovation in this area.”

Bankjoy’s Business Banking platform is an extension of the company’s current world-class digital banking solution, previously showcased at Finovate. Since launching the business, Bankjoy has partnered with over 50 community financial institutions across the country to deliver a world-class digital banking experience. By enabling banks and credit unions to offer a more modern and digital banking experience to their customers and members, Bankjoy enables financial institutions to compete with big banks and better serve their local communities.

“Ernest and Young recently reported that 74% of small businesses have directly impacted their revenues, profit margins and sales as a result of the pandemic. Growing economic concerns are putting even greater pressure on SMEs, prompting many to rethink their business models. To help address these challenges, businesses need better banking tools, and Ernst & Young predicts that 36% of SMEs will switch financial providers due to competition from fintechs,” said Michael Duncan, CEO of Bankjoy.

Duncan added, “To stay relevant, financial institutions need to improve their digital offerings for business customers. Simply providing digital access is not enough. This is why we have 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 premium digital banking experience. »

About Bankjoy

Bankjoy, a Detroit-based fintech, provides modern banking technology, including mobile banking, online banking, and banking API to banks and credit unions large and small. The company prides itself on creating beautiful products with advanced functionality, simple navigation, modern look and feel, and world-class user experiences shaped by talking to users. Bankjoy is a company backed by Y Combinator and CheckAlt. For more information, visit www.bankjoy.com.

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Mallory Griffin

York Public Relations

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