BLUE BELL, Pa., July 30, 2024 (GLOBE NEWSWIRE) -- Rego Payment Architectures, Inc. (“REGO”) (OTCQB: RPMT), today announced it won most promising solution by attendees at this year’s ThinkTECH Accelerator showcase hosted at the Graduate School of Banking at Colorado on July 24, 2024.

The Banker’s Choice Award, sponsored by Fiserv, was selected by an audience of community banking and industry leaders following seven-minute pitches from the founders of fintech companies highlighting their artificial intelligence, financial health and wellness, subscription management, digital onboarding, and compliance solutions.

“As trusted financial stewards, community banks are a natural resource for consumers looking for better ways to manage their money and instill strong financial habits,” said ICBA Executive Vice President and Chief Innovation Officer Charles Potts. “The Banker’s Choice Award reflects the strong impression REGO made on our attendees. We are proud to recognize REGO for its outstanding contribution to community bank innovation and its potential to positively impact the financial well-being of the customers they serve.”

Founded in 2008, REGO is a white-label family lifecycle platform tailored for financial institutions that helps kids to manage and spend money within a parent-controlled environment.

“REGO is honored to receive the Banker’s Choice Award, recognizing our growth throughout the ICBA ThinkTECH Accelerator program and the work of our team to refine our solution based on the invaluable feedback received throughout the 10-week program,” said James Peil, head of partnerships for REGO. “This accolade affirms our commitment to developing solutions that truly help community banks thrive and fuels our drive to continue helping financial institutions achieve new heights in innovation.”

Since its inception, the ICBA ThinkTECH Accelerator has connected the most innovative fintech companies with more than 1,400 community bankers and industry leaders — identifying and designing workable solutions that solve today’s modern banking needs. REGO received mentorship from a distinguished network of industry stakeholders through an immersive 10-week program, the second of two accelerator programs for 2024 as part of ICBA’s investment in ThinkTECH initiatives to support continuous development and advancement of community bank innovation.

For more information about Rego Payment Architectures, visit www.regopayments.com. For more information about the ICBA ThinkTECH Accelerator, visit www.icba.org/accelerator.

About REGO

Rego Payment Architectures, Inc. ("REGO") is a family digital wallet platform that empowers financial institutions to let their customer's children spend, save, donate and invest in a safe, parent-controlled environment. Founded in 2008, REGO is the only family digital wallet platform to be certified COPPA (Children's Online Privacy Protection Act) and third-party GDPR (General Data Privacy Regulation) compliant. REGO has also been awarded multiple patents related to the safety of parent and child data, including age verification of users. Built from the ground-up to protect the privacy of children's data, REGO offers financial literacy tools for parents to teach their kids to be smarter shoppers, savers, givers and investors. Financial institutions of all sizes can offer a family digital wallet product through REGO as a white-labeled stand-alone application or fully integrated into their existing app.