Chicago, 60607, IL,
United States
BetaBank Technographics
Discover the latest software purchases and digital transformation initiatives being undertaken by BetaBank and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 10 BetaBank employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that BetaBank has purchased the following applications: Finxact for Core Banking in 2022, Google Workspace (Formerly Google G-Suite) for Collaboration in 2021, HubSpot Ads for Digital Advertising Platform in 2022 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems BetaBank is running and its propensity to invest more and deepen its relationship with Fiserv , Google , Salesforce or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing BetaBank revenues, which have grown to $1.0 million in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for BetaBank intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
ERP Services and Operations
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Fiserv | Legacy | Finxact | Core Banking | ERP Services and Operations | n/a | 2022 | 2022 |
In 2022, BetaBank selected Finxact as its core banking platform to underpin its product ecosystem. Finxact is a Fiserv company whose cloud-native headless core will be deployed in Google Cloud as BetaBank's Core Banking system. BetaBank is in formation and submitted its banking charter application in April 2022 while building a purely digital bank intended to lend nationwide with a focus on Chicago-area small businesses.
The implementation centers on the Finxact platform configured as an API-first, headless core providing full accessibility to data and functions to enable account processing, ledger services, payments routing, and product composition. BetaBank is building a fully automated digital lending platform that integrates algorithmic underwriting and decisioning workflows designed to remove bias from traditional credit decisions, leveraging Finxact to create products on demand. Finxact's headless architecture will enable rapid product configuration and orchestration without embedded channel logic so the bank can iterate lending products and digital experiences.
The core will connect via modern APIs to a curated ecosystem of best-in-class third party providers chosen by BetaBank, and Google is a named infrastructure and cloud partner in the build. Operational coverage includes digital origination, underwriting, funding, and servicing workflows across the bank's product ecosystem, with API connectivity used to externalize capabilities and integrate partner services. As an API-first platform, Finxact supports partner orchestration, data exchange for analytics, and modular service replacement as BetaBank defines its initial product set.
Governance and rollout are being aligned with the bank formation process and charter timeline that began in April 2022, with BetaBank selecting vendor components and defining integration touchpoints as part of its fundraising and operational design. Product and underwriting governance will be centralized within the bank's operating model to manage API connections, vendor contracts, and automated decisioning policies. Leadership stated that Finxact will create a distinct competitive advantage and underpin BetaBank's mission to offer equitable, fully automated lending to small businesses.
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Collaboration
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Legacy | Google Workspace (Formerly Google G-Suite) | Collaboration | Collaboration | n/a | 2021 | 2021 |
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Collaboration | Collaboration |
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2022 | 2022 |
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CRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| HubSpot | Legacy | HubSpot Ads | Digital Advertising Platform | CRM | n/a | 2022 | 2022 |
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Marketing Automation | CRM |
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2022 | 2022 |
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Tag Management | CRM |
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2021 | 2021 |
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IaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Application Hosting and Computing Services | IaaS |
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2022 | 2022 |
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Content Delivery Network | IaaS |
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2022 | 2022 |
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Content Delivery Network | IaaS |
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2021 | 2021 |
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Content Delivery Network | IaaS |
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2021 | 2021 |
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