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Sterling National Bank Signs Banking as a Service Agreement with BrightFi

April 12, 2021, 07:00 AM
Filed Under: Banking News

Sterling National Bank entered into a Banking as a Service agreement with BrightFi, a provider of cloud-based digital banking platform technology and services to regional and community banks and non-bank entities.

This collaboration with BrightFi marks the latest in a series of strategic partnerships and digital technology investments for Sterling, and follows the recent announcement of Banking as a Service partnerships with Google Pay and Rho Technologies. Sterling will provide banking solutions in support of BrightFi’s cloud-based direct to consumer and digital banking technology and operations platform.

“We are excited to partner with BrightFi in building and delivering an innovative set of services that bring digital banking solutions to those that need it most,” said Matthew Smith, Executive Managing Director; Direct Banking and Banking as a Service. “Our Banking as a Service partnerships allow us to deliver best in class, digitally-enabled banking solutions to a broader group of clients. We see our collaboration with BrightFi as an opportunity to create and deliver seamless banking experiences to current and future clients.”

“For too long, those communities most in need of banking have seen solutions taken away and traditional banks say ‘no.’ Together, with Sterling National Bank, we’re going to change that,” said Michael Coghlan, CEO of BrightFi and its parent company, Verdigris Holdings, Inc. “We’re excited to partner with Sterling because, like us, they are community-focused, committed to making a difference, and willing to think creatively to bring solutions that make banking easier for customers of all sizes.”

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