Fintech to join seventh cohort to develop family-focused mobile banking solutions for community banks

BLUE BELL, Pa., May 13, 2024 (GLOBE NEWSWIRE) --  Rego Payment Architectures (“REGO”), a prominent white-label family digital wallet platform provider (OTCQB: RPMT), announced today its selection to the Independent Community Bankers of America?’s (ICBA) ThinkTECH Accelerator Program, which kicks off May 19 at the ICBA Center for Innovation in Atlanta.

The selected companies are focused on supporting several top areas critical for today’s community bankers, including onboarding, analytics, automation and compliance. The second of two accelerator programs planned for 2024, these solutions will provide vital support for community banks nationwide.

“As a leading presence in the global financial services market, we are thrilled to participate in the ICBA ThinkTECH Accelerator, a vital source of community banking innovation since 2019,” said Peter S. Pelullo, CEO of REGO. “REGO provides today’s community banks with a fully integrated digital family wallet that allows young users to make informed financial decisions within a parent-controlled environment.”

REGO’s youth banking platform was built from the outset with data privacy protection for children of all ages. REGO has been certified by PRIVO to be compliant with the Children’s Online Privacy Protection Act (“COPPA”), the U.S. federal law that protects the online privacy of children under 13.

Since its inception, the ICBA ThinkTECH Accelerator program has connected the most innovative, cutting-edge fintech companies in the world with more than 1,400 community bankers and industry leaders — identifying and designing workable solutions that solve for today’s modern banking needs. Participants receive mentorship from a distinguished network of industry stakeholders through an immersive 10-week bootcamp and present their refined offerings to community bank executives during a live demo later this summer.

“We are excited to have REGO join us as a member of our latest ThinkTECH accelerator cohort,” ICBA Executive Vice President and Chief Innovation Officer Charles Potts said. “As relationship bankers, community banks understand the importance of teaching sound spending habits and responsibility early to improve financial competency and position young people for financial success. Technologies like REGO can play a vital role helping to build trust and begin to establish future relationships today.”

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