Republic Bank launches Bank Tech incubator

“The BankTech Incubator allows us to make long-term partnerships with technology companies and offer profound industry knowledge that impacts the technology we use within the Bank,” said Andrew Trager-Kusman, the Louisville, Kentucky, organization’s central technique official. “We see value in investing into organizations with which we likewise have a strategic relationship. These types of relationships will be truly symbiotic.”

To qualify for the program, organizations or products need to have either an existing or planned strategic relationship with Republic so the bank can invest in organizations its clients and partners know and trust.

The incubator program follows Republic’s employment of Chief Information Officer Jeff Starke, who will direct the determination of applicants.

Republic said the program builds on its prior tech contributions, including 90 Interactive Teller Machines (ITMs) installed in Kentucky, Indiana, Ohio, Tennessee, and Florida, mobile and online banking used by more than 66% of its retail clients, and products offered through its Republic Processing Group.