Midwest BankCentre Launches Digital Only Bank

Midwest BankCentre in St. Louis has launched a digital only bank, Rising Bank, in a bid to stay competitive and boost deposits; President of Rising Bank, Dale Oberkfell, sat down with American Banker to discuss the decision to launch the digital bank and talk more broadly about fintech partnerships; Dale explains how the journey started about 3 years ago as he was trying to forecast how the bank will stay relevant over the next 5, 10, 20 years; they used their core provider, Jack Henry, along with fintechs Alloy and Mantl to help build Rising Bank; they have also enlisted the digital marketing firm Xaxis to help the company build their brand through a marketing campaign; the interview goes on to cover how they work through the fintech partnerships, how helpful Jack Henry has been, current users and more. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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