BankLabs Expands Operations in Arkansas

By April 5, 2018Press Release

BankLabs Expands Operations in Arkansas with Support from Arkansas Economic Development Commission

BankLabs, a national provider of innovative mobile technology products for financial institutions, today announced that it is creating up to 19 full-time professional FinTech positions at its operations in Little Rock and is seeking highly qualified employees.

“Our goal is to differentiate the financial institutions that are not happy with the status quo from those that are resistant to change,” said Matt Johnner, president and co-founder of BankLabs. “Our clients want new ways to do things that leverage their strengths. BankLabs Chairman and CEO Mike Montgomery, has a rich history as a leader with Arkansas-based Systematics and Alltel Information Services. We both look forward to the next wave of innovation that BankLabs can help create.”

BankLabs seeks to grow the Arkansas economy into one that is focused on hi-tech, high-paying jobs, he said, and is pleased with the support from the Little Rock Regional Chamber of Commerce and Arkansas Economic Development Commission (AEDC) including tax credits and introductions to identify talented candidates.

“BankLabs is directly contributing to the resurgence of Arkansas as a FinTech leader,” said AEDC Executive Director Mike Preston. “The company is not only helping banks, but also creating FinTech marketplace options that expand business opportunities for everyone in the industry and across the globe. We are hopeful that the state’s support will not only help BankLabs grow its Little Rock team, but also help to improve the state’s economy.”

BankLabs recently added +Pay to its product offerings, automating the payment stream to sub-contractors from banks, general contractors, builders, title companies or disbursing agents. +Pay integrates seamlessly with BankLabs’ Construct product, which automates the residential and commercial construction loan process for banks and non-bank lenders. Together, they make the world’s first cloud-based vertically integrated construction finance platform.

“The expansion of BankLabs is another example of Little Rock’s growing FinTech industry,” said Little Rock Mayor Mark Stodola. “With our large banking presence and the 3rd VC FinTech Accelerator Powered by FIS occurring this summer at the Tech Park, the growing cluster of FinTech companies in Little Rock is now stronger than ever.”

Little Rock Regional Chamber of Commerce Board Chair Cathy Tuggle said, “We are excited to have an innovative company like BankLabs decide to continue its growth in the capital city. The Little Rock Technology Park and Venture Center have helped create a start-up environment where companies like BankLabs can flourish. This project is another wonderful example of our community’s entrepreneurial investment already succeeding.”

BankLabs is currently looking to fill highly paid professional product development and customer success positions in Arkansas. To apply, visit www.banklabs.com.

About BankLabs

The mission of BankLabs is to reimagine banking products of the future through community-oriented technologies that create new fee income, attract deposits, expand loan opportunities and differentiate the financial institution from competitors. BankLabs believes that community banking is a way of doing business, not a size, location or traditional definition. For more information, visit www.banklabs.com.