The Independent Bankers Association of Texas has formed a fintech accelerator program.
The association said in a press release that IBATx is designed to provide rapid commercialization and streamline bank access to fintechs.
As part of the launch, IBATx formed a partnership with CollateralEdge, a Texas fintech that specializes in providing commercial loan support to community banks.
“Community banks provide the fuel that propels our robust Texas economy, so providing them with advanced fintech tools is imperative for their sustained growth and ability to serve their communities,” Christopher Williston, IBAT’s president and CEO, said in the release.
IBATx is reviewing applications from community banks.