Denver-based Community Bank Funding Company and New York-based Innovest Systems partner to bring a higher-yielding, fixed income financial instrument with improved efficiencies and cost savings to Innovest’s customers in the independent and bank trust provider market.
The combined marketing effort allows Innovest Systems, a financial technology firm specializing in trust accounting and wealth management solutions, to offer Community Bank Funding Company’s eCD(TM) product to its client base.
eCD(TM) is an online marketplace for certificates of deposit (CDs), where institutional buyers and sellers conduct transactions on a fully automated system. Innovest’s flagship product, InnoTrust, a trust accounting and wealth management platform, allows its customers to significantly streamline their operations, further customer relationships, and reduce overall costs.
“We are pleased to collaborate with Community Bank Funding Company so that we can deliver additional value to our clients. This alliance demonstrates our commitment to leveraging technology to bring more choice and greater efficiency to our clients. Clients now have easy access to a national FDIC-insured CD inventory with better rates and less costs,” says William Thomas, chief executive officer of Innovest Systems.
“This is a beneficial alliance for all parties – we have valued CD inventory and an automated exchange portal, while Innovest’s clients are provided with a new technology-driven solution to benefit its trust and wealth management client base. Both of our companies share the same vision of creating customer efficiencies and profitability through innovation,” says Jeremy Colvin, managing director of Community Bank Funding Company.
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