Preeminent bank partner for the nation’s leading fintechs adds to FTA’s growing community of affiliate members.
WASHINGTON, D.C. – Today, the Financial Technology Association (FTA) announced that WebBank has joined the association as an Affiliate Member and will serve as a representative on FTA’s Board of Directors. WebBank is one of the nation’s leading chartered banks partnering with financial technology companies to provide innovative financial services to American consumers and small businesses.
“We are excited to have WebBank join FTA and welcome Parris Sanz to our Board of Directors. FTA will benefit from WebBank’s expertise as a trusted bank partner for the nation’s leading fintech companies and from Parris’ years of experience as a fintech executive,” said Penny Lee, President and Chief Executive Officer of the Financial Technology Association. “Fintech industry partners are a critical part of the ecosystem that helps ensure millions of consumers and small businesses can take advantage of the best financial services for their needs.”
“We are thrilled to join the nation’s premier fintech trade association and work together to shape the future of finance,” said Parris Sanz, Executive Vice President, General Counsel, and Head of Policy and Government Relations at WebBank. “WebBank empowers the fintechs driving choice and competition in the economy, and we support FTA’s mission of modernizing financial services policies and regulations to reflect this innovation in the marketplace.”
FTA partners with leading companies like WebBank to build a community of expertise, allow for broader collaboration in the financial services industry, and inform policy and advocacy positions to support fintech industry growth. FTA member companies will benefit from WebBank’s experience advising leading brands and its track record of developing best-in-class compliance and risk management programs.
To learn more about the contribution of FTA’s Affiliate Members, explore our membership page here.
About FTA
The Financial Technology Association (FTA) is a Washington, DC-based trade association representing industry leaders shaping the future of finance. We champion the power of technology-centered financial services and advocate for the modernization of financial regulation to support inclusion and responsible innovation.
About WebBank
WebBank is a Utah chartered Industrial Bank headquartered in Salt Lake City, Utah. Since its inception in 1997, WebBank has originated and funded over $175 billion in consumer and commercial credit products. As “The Bank Behind the Brand®”, WebBank is a national issuer of consumer and small business credit products through Strategic Partner (Brand) platforms, which include retailers, manufacturers, finance companies, software as a service (SaaS) and financial technology (FinTech) companies. The Bank is a leading player in the digital lending space, driving innovation in financial products through embedded finance with Strategic Partner platforms. WebBank engages in a full range of banking activities including consumer and commercial loan products, revolving lines of credit, credit cards, private-label card issuance, auto-refinancing and more. The Bank provides capital in the form of asset-based lending and other credit facilities to Strategic Partner platforms, credit funds, and other lenders with a targeted focus on specialty finance assets. The Bank is also a leading provider of commercial insurance premium finance products through its wholly owned subsidiary National Partners. For more information, please visit www.webbank.com.