FinTech Magazine October 2020 | Page 122

QUONTIC BANK

Quontic Bank Partnerships

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Quontic Bank ’ s partners play a crucial role in its development of new tech , products , competitive advantages and more . Sells chose to highlight four for their particularly important contributions :
Mantl : “ When COVID-19 first happened , we wanted to roll out a new product called ‘ Drawbridge Savings ’ - an account to help people do social good wherein Quontic Bank will match the monthly interest credited for each account and donate it to the # BeTheDrawbridge relief fund . Mantl helped us build that product and launch it in three days , which would be unheard of with other providers . Mantl represents the type of true Fintech-bank partnerships that are needed . Banks need to move beyond treating partners as ‘ vendors ’ and have real relationships with them . It ’ s a great relationship and partner of ours .”
Table Group : “ Table Group is focused on helping companies build a competitive advantage . It was critical in helping us refine our mission statement , who we are , what our core values are and how we make decisions . Table Group and our consultant there , Rick Van Arnam , have taught us and many other companies that the only true competitive advantage today is that of being healthy . That means the whole organisation needs to be aligned , clear on ‘ who ’ it is and working together seamlessly .”
Alloy Labs Alliance : “ Alloy Labs is a new consortium of banks . There are probably between 40 and 50 banks in there , all with different stories than ours but similar objectives . The organisation provides a platform for us to work together and collaborate .”
OCTOBER 2020