ZSuite Raises $11M in Funding
Westwood-based ZSuite Tech has raised $11 million in a funding round led by a banking trade group and an investment fund focused on community banking.
Westwood-based ZSuite Tech has raised $11 million in a funding round led by a banking trade group and an investment fund focused on community banking.
Innovations coming in the next year could include enhancements to digital onboarding, internal processes and artificial intelligence, with some of these enhancements coming out of bank collaborations.
One bank from New Hampshire, one from Massachusetts, one from Connecticut and two from New Jersey teamed up to help develop a fintech-based solution for often-manually-intensive escrow services. And the unusual approach is paying off as they learn from each other and collaborate.
Community banks traditionally have trouble attracting tech-savvy talent, but institutions who have successfully built fintech-friendly products and brands start by creating a culture focused on problem-solving.