First Internet Bancorp strategy focus on Fintech and BaaS partnerships

First Internet Bancorp signaled an acquisition thesis in Strategic fintech initiative on October 19, 2022.

Primary

First Internet Bancorp

Structure

Strategic fintech initiative

Date

October 19, 2022

Sub-sector

Lending Tech (Consumer)

Bank articulating intentional strategy to grow via fintech partnerships and BaaS to drive deposits, payments revenue, and earnings while positioning as technology-forward provider.

Primary company

First Internet Bancorp

Counterparty

Not disclosed

Amount

Not disclosed

Event date

October 19, 2022

Sub-sector

Lending Tech (Consumer)

HQ

Not disclosed

Structure

Strategic fintech initiative

Source published

October 19, 2022

Publisher

Business Wire

Source: markets.financialcontent.com