BERKELEY, Calif., Jan. 12, 2021 /PRNewswire-PRWeb/ -- Shastic today announced its participation in the Independent Community Bankers of America (ICBA) third annual ICBA ThinkTECH Accelerator, in partnership with The Venture Center. The ICBA ThinkTECH Accelerator program fosters fintech-community bank collaboration.
"Today is a big day for Shastic as we proudly join the third ICBA ThinkTECH Accelerator," said Joseariel Gomez, CEO at Shastic. "We are passionate about supporting community banks in their innovation efforts. Our mission to help banks evolve digitally without losing their high-touch, personal customer relationships is well-served by this program. We are excited to meet with community bankers and to learn more about how we can help their communities through today's unique challenges."
Shastic robotic lending co-pilot application, "Elle," sits on top of existing systems and can be implemented within days and without the need for dedicated IT support. Connecting lending agents with customers in seconds, Elle also recaptures up to 15 percent of applications lost through the application process and minimizes manual processing tasks which can increase team productivity by 300 percent.
"Shastic was chosen from hundreds of candidates for this year's program based on the merit of its offering, along with the talent and dedication of its founders, which all share our vision of blending technology with relationship banking and standout service to deliver the ultimate customer experience," ICBA Senior Vice President and Chief Innovation Officer Charles Potts said. "We're excited to share this relevant and timely solution with our community bank members and look forward to a long and productive relationship that delivers on the promise of innovation at a time when the customer experience is rapidly changing."
"We are proud to partner with ICBA in selecting the cohort to help enhance community bank innovation, which will benefit local communities," Wayne Miller, executive director of The Venture Center said. "For fintechs seeking meaningful relationships, the ICBA ThinkTECH Accelerator provides an abundance of opportunity."
To learn more about the ICBA ThinkTECH Accelerator program visit icba.org/thinktech/accelerator.
Shastic created "Elle," the robotic lending co-pilot in 2017. Elle is a robotic process automation (RPA) and text messaging platform for financial institutions designed to automate lending with high-touch personalized engagement. Elle increases the productivity of loan processing by 300% while also recapturing up to 15% of loans that are lost before completion. Shastic currently serves close to 30 financial institutions in the U.S.
To learn more, visit shastic.com.
The Independent Community Bankers of America creates and promotes an environment where community banks flourish. ICBA is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education, and high-quality products and services.
With nearly 50,000 locations nationwide, community banks constitute 99 percent of all banks, employ more than 700,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding more than $5 trillion in assets, over $4.4 trillion in deposits, and more than $3.4 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers' dreams in communities throughout America. For more information, visit ICBA's website at http://www.icba.org.
About The Venture Center
The Venture Center's immersive accelerator programs are designed to accelerate the growth of early-to-late stage companies and help validate their solutions for real-world problems. Our methodology provides a unique opportunity to connect with community bank executives, receive seed investment, and learn from a comprehensive curriculum aiding in strategically addressing go-to-market, business, and finance challenges. Learn more at http://www.venturecenter.co. Follow The Venture Center on Facebook, LinkedIn, Twitter (@VentureCenter), and Instagram.
Jazmin Respicio, Public Relations, Shastic, +1 (415) 464-4846, [email protected]