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Avidia Bank Offers Real-Time Payments and Other Resources to Help FinTechs Grow
[July 12, 2019]

Avidia Bank Offers Real-Time Payments and Other Resources to Help FinTechs Grow

As part of its commitment to innovation and helping fuel the growth of businesses, Avidia Bank has dedicated resources to helping meet the financial and business needs of financial technology (FinTech) companies. Among the services the bank provides are payment services, which will soon include Real-Time Payments (RTP). Avidia was the first community bank in the country to sign on to this service available through The Clearing House (TCH), and currently offers faster payments through a push-to-card system that allows customers to pay people and small businesses using their cards.

In addition to delivering faster payment capabilities, Avidia now offers a range of other services to help FinTech's build and grow their businesses, including a library of Application Programming Interfaces (APIs). These APIs allow FinTechs to offer customized banking platforms to their corporate partners.

"We understand that FinTech's have very unique needs when it comes to building and managing their businesses. As a niche bank dedicated to innovation, Avidia Bank is nimble enough to deliver the payment and banking services and complince expertise they require, but with a level of personal service that's difficult to find today," said Robert Conery, COO, EVP, Avidia Bank.

Avidia offers another valuable service to FinTechs - access to a unique marketplace where FinTech companies can connect with other developers as well as private equity, angel investors, and venture capital firms. "We want to provide all the tools that FinTech's need to grow and succeed - at every stage. The marketplace makes it easy for them to connect with potential sources of funding as well as forge strategic partnerships with other FinTechs," said Conery.

Avidia's commitment to innovation and FinTech is highlighted in the Bank's numerous awards, including FIS 2019 Impact Award Payment Innovation, NEACH, and NACHA "Payments 2019" - Payment Innovation Award. Additionally, the bank has helped power the success of a range of growing FinTechs, including Aliaswire, which has received awards for the Payvus Program, Direct Biller, Same Day ACH, and Payment Innovation Award.

To find out more about Avidia Bank's FinTech partnerships and offerings, visit:

Avidia Bank based in Hudson is a community bank serving business banking, consumer banking and residential lending with additional locations in Marlborough, Shrewsbury, Framingham, Clinton, Leominster, Northborough and Westborough. Avidia Bank has been serving the region for 150 years.

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