ASA is an embedded fintech platform that connects financial institutions with customer-facing fintechs in a secure, compliant and easy to implement marketplace.
The company today announced that industry pioneer Travis Oliphant, CEO of OpenTeams and Venture Partner with Quansight Initiate, has invested in and partnered with ASA, helping unlock open innovation in banking.
Oliphant and OpenTeams will connect ASA to its broad open-source community, which the company will leverage to build fintech and provide expertise in machine learning and AI strategy and architecture. Oliphant has an impressive background in transformative technology; he is the creator of NumPy, Scipy and Numba and, in addition to Quansight, is the founder of Anaconda, NumFOCUS, OpenTeams and OpenTeams Incubator.
“We are impressed with ASA’s commitment to helping fintech entrepreneurs engage more easily with existing banking technology, all while empowering account holders with greater control of their data,” said Oliphant. “We see strong potential for financial institutions to unleash the power of innovation that can bubble up from open-source communities into fintech solutions. ASA is transforming the industry, and I look forward to collaborating with the team as they grow.”
With ASA’s embedded fintech model, financial institutions and fintechs work together, enabling banks and credit unions to be the secure gateway to the technology that customers and members crave - all without ever having to share any regulated data. Oliphant and Quansight join an impressive roster of existing ASA investors such as former CIO of JP Morgan Chase Austin Adams and former CEO of BECU Benson Porter.
“We firmly believe that, if approached the right way, embedded fintech has the power to redefine bank and fintech partnerships, and the backing of industry powerhouses such as Travis reinforces the value of our technology,” said Landon Glenn, CEO and co-founder of ASA. “Our team is already benefitting from Quansight Initiate’s deep expertise and insights, and we are confident that we can accelerate the collaborative banking movement together.”